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

Discover affordable housing in Los Ranchos where there are 2+ 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.

El Paseo Apartments

301 El Pueblo Rd NW, Los Ranchos, New Mexico 87114

switch_access_shortcut Short Wait
accessibility Accessible

El Paseo Apartments Phase II

291 El Pueblo Rd NW, Los Ranchos, New Mexico 87114

switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Los Ranchos, 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.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Aug 18
Open Until Further Notice

Reported On August 10th, 2023 by Ayat Elkarib

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

What HUD offices serve Los Ranchos, 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, Veteran Affairs Supportive Housing (VASH), Family Unification Program (FUP) programs for Los Ranchos, New Mexico.

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

How many renters live in Los Ranchos, New Mexico?

The City of Los Ranchos has people living in households.

There are renters living in renter households in this City. Renters make up 14.56 percent of the population living in Los Ranchos.

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

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

What is the vacancy rate for rentals in Los Ranchos?

The rental vacancy rate in Los Ranchos is 0 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 Ranchos for each bedroom size?

Occupied Rental Units by Size in Los Ranchos
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 332 193 25 9
Occupied Rental Units by Size in Los Ranchos

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

How Much Is Rent in Los Ranchos

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 Ranchos, New Mexico

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

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
One BR 240 72 percent
Two BR 132 68 percent
Rental Units Below FMR in Los Ranchos, New Mexico

How many affordable rental units are in Los Ranchos?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Tracked Units by Federal Program in Los Ranchos, New Mexico

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

Income Based Apartments in Los Ranchos, New Mexico

Los Ranchos features 0 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 Ranchos, New Mexico

There are 290 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Los Ranchos.

Housing Choice Vouchers in Los Ranchos, New Mexico

On average, Section 8 Housing Choice vouchers pay Los Ranchos landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Los Ranchos.

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

Sourced from federal housing data and AffordableHousingOnline.com research.