Low Income Apartments and Affordable Housing For Rent in Lovington, NM

Discover affordable housing in Lovington where there are 4+ 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.

Buena Vista Senior Apartments

1501 Good Samaritan Dr, Lovington, New Mexico 88260

Southview Place Nm CO Msmc

1300 W Brian Urlacher, Lovington, New Mexico 88260

Polk Avenue Apartments

214 W Polk Ave, Lovington, New Mexico 88260

200 W Avenue P

200 W Avenue P, Lovington, New Mexico 88260

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lovington, New Mexico
$10.12 (+84%) more than New Mexico minimum wage and $14.87 (+205%) more than the Federal minimum wage.
Learn More About Lovington, New Mexico Affordable Housing ↓

What HUD offices serve Lovington, 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 Public Housing programs for Lovington, New Mexico.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Lovington, New Mexico.

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

How many renters live in Lovington, New Mexico?

The City of Lovington has 11,495 people living in 3,567 households.

There are 2,749 renters living in 1,002 renter households in this City. Renters make up 23.91 percent of the population living in Lovington.

What is the rental market like in Lovington, New Mexico?

There are an estimated 4,010 housing units in the Lovington area. Of these, 1,087 units are rental homes, making up 27 percent of the housing market. For every renter household in Lovington, New Mexico, there are 1 rental units.

What is the vacancy rate for rentals in Lovington?

The rental vacancy rate in Lovington is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Lovington for each bedroom size?

Occupied Rental Units by Size in Lovington
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 31 571 295 99
Occupied Rental Units by Size in Lovington

A large number of apartments in Lovington 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 Lovington are overburdened by housing costs?

Among renter households in this market, 46 percent have housing cost burden. Further, 24 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 Lovington

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $801 to $1,642. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $801
One BR $889
Two BR $1,168
Three BR $1,487
Four BR $1,642
2024 Fair Market Rents in Lovington, New Mexico

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

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 6 100 percent
One BR 31 100 percent
Two BR 407 71 percent
Rental Units Below FMR in Lovington, New Mexico

How many affordable rental units are in Lovington?

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

Federal Program Unit Count
Low Income Housing Tax Credit 97
Public Housing 50
Section 8 Project-Based Rental Assistance 76
USDA Section 515 Rural Rental Housing 100
Tracked Units by Federal Program in Lovington, New Mexico

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

Income Based Apartments in Lovington, New Mexico

Lovington features 174 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 Lovington, New Mexico

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lovington.

Housing Choice Vouchers in Lovington, New Mexico

On average, Section 8 Housing Choice vouchers pay Lovington landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lovington.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lovington, New Mexico for a two-bedroom apartment is between $1,051 and $1,285.

Sourced from federal housing data and AffordableHousingOnline.com research.