Low Income Apartments In Las Vegas
San Miguel County,
There are 12 low income housing apartment complexes which contain 822 affordable apartments for rent in Las Vegas, New Mexico. Many of these rental apartments are income based housing with about 440 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in Las Vegas. There are 382 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.
Housing Authorities that serve Las Vegas
|Housing Authority of the City of Las Vegas||Public Housing|
|Housing Authority of the County of San Miguel||Public Housing|
|Housing Authority of San Miguel County||Section 8 Housing Choice Voucher|
|Bernalillo County Housing Department||Section 8 Housing Choice Voucher; Public Housing|
|Northern Regional Housing Authority||Section 8 Housing Choice Voucher; Public Housing; Veteran Affairs Supportive Housing|
Guide To Affordable Housing in Las Vegas, New Mexico
Las Vegas, NM Affordable Housing Snapshot
|Total Affordable Apartment Properties||12|
|Total Low Income Apartments||822|
|Total Rent Assisted Apartments||440|
|Percentage of Housing Units Occupied By Renters||37.98%|
|Average Renter Household Size||2.17|
|Average Household Size||2.44|
|Median Household Income||$23,904 ±$4,345|
|Median Rent||$565 ±$35|
|Percentage Of Renters Overburdened||50.05% ± 8.94pp|
Population and Household Demographics
Las Vegas is a City in San Miguel County, New Mexico with a population of 13,713. There are 5,081 households in the city with an average household size of 2.44 persons. 37.98% of households in Las Vegas are renters.
Income and Rent Overburden in Las Vegas
The median gross income for households in Las Vegas is $23,904 a year, or $1,992 a month. The median rent for the city is $565 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Las Vegas, a household making less than $1,883 a month would be considered overburdened when renting an apartment at or above the median rent. 50.05% of households who rent are overburdened in Las Vegas.1
Fair Market Rents in Las Vegas
Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.
2019 Fair Market Rents
|Studio||One BR||Two BR||Three BR||Four BR|