Low Income Apartments and Affordable Housing For Rent in Los Lunas, NM

Discover affordable housing in Los Lunas where there are 11+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Ventana Cove

450 Los Cerritos Dr NW , Los Lunas, New Mexico 87031

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Encantada Apartments

300 Canal Blvd SW, Los Lunas, New Mexico 87031

bed 1-2

910 Entrada Dr SW

910 Entrada Dr SW, Los Lunas, New Mexico 87031

bed 3
payment $1695/mo.

Hillridge Apartments

1450 Adela Ln SW, Los Lunas, New Mexico 87031

Mondel Apartments

1011 Main St SW, Los Lunas, New Mexico 87031

Gerald Chavez Apartments

524 Gerald Chavez Ln NE, Los Lunas, New Mexico 87031

Hilltop Apartments

383 Canal Blvd SW, Los Lunas, New Mexico 87031

Casa Bonita II

Camino Real SW, Los Lunas, New Mexico 87031

Casa Bonita Apartments

246 Camino Real SW, Los Lunas, New Mexico 87031

Hillside Apartments

379 Canal Blvd SW, Los Lunas, New Mexico 87031

Hilltop Terrace Ltd Monarch Properties

393 Canal Blvd SW, Los Lunas, New Mexico 87031

How To Identify Affordable Housing in Los Lunas, New Mexico

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
Open Until Further Notice
cloud_download

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Los Lunas, New Mexico
$23.14/hour
$11.14 (+93%) more than New Mexico minimum wage and $15.89 (+219%) more than the Federal minimum wage.
Learn More About Los Lunas, New Mexico Affordable Housing ↓

What HUD offices serve Los Lunas, New Mexico?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Los Lunas, New Mexico.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Los Lunas, New Mexico.

Go to the New Mexico Public Housing and Low-Income Apartments Waiting Lists page for openings near Los Lunas.

How many renters live in Los Lunas, New Mexico?

The City of Los Lunas has 17,452 people living in 6,316 households.

There are 3,721 renters living in 1,367 renter households in this City. Renters make up 21.32 percent of the population living in Los Lunas.

What is the rental market like in Los Lunas, New Mexico?

There are an estimated 6,902 housing units in the Los Lunas area. Of these, 1,449 units are rental homes, making up 21 percent of the housing market. For every renter household in Los Lunas, New Mexico, there are 1 rental units.

What is the vacancy rate for rentals in Los Lunas?

The rental vacancy rate in Los Lunas is 1 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Los Lunas for each bedroom size?

Occupied Rental Units by Size in Los Lunas
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 164 566 495 92
Occupied Rental Units by Size in Los Lunas

A large number of apartments in Los Lunas have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Los Lunas are overburdened by housing costs?

Among renter households in this market, 44 percent have housing cost burden. Further, 16 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Los Lunas

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $828 to $2,064. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $828
One BR $1,005
Two BR $1,222
Three BR $1,722
Four BR $2,064
2024 Fair Market Rents in Los Lunas, New Mexico

How many units are rented at Fair Market Rent (FMR) in Los Lunas?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 8 100 percent
One BR 147 90 percent
Two BR 381 67 percent
Rental Units Below FMR in Los Lunas, New Mexico

How many affordable rental units are in Los Lunas?

There are a variety of federal affordable housing programs serving households in Los Lunas, New Mexico including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 258
USDA Section 515 Rural Rental Housing 176
Tracked Units by Federal Program in Los Lunas, New Mexico

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Los Lunas, New Mexico

Los Lunas features 204 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Los Lunas, New Mexico

There are 142 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Los Lunas.

Housing Choice Vouchers in Los Lunas, New Mexico

On average, Section 8 Housing Choice vouchers pay Los Lunas landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Los Lunas.

The maximum amount a voucher would pay on behalf of a low-income tenant in Los Lunas, New Mexico for a two-bedroom apartment is between $1,100 and $1,344.

Sourced from federal housing data and AffordableHousingOnline.com research.