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

Discover affordable housing in Portales where there are 23+ 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.

Portales Properties

1903 S Avenue I, Portales, New Mexico 88130

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

1011 W 16th St

1011 W 16th St, Portales, New Mexico 88130

bed 2
payment $625/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

42489 US-70

42489 US-70, Portales, New Mexico 88130

bed 3
payment $900/mo.

108 Colorado Dr

108 Colorado Dr, Portales, New Mexico 88130

bed 3
payment $900/mo.

302 S Avenue I

302 S Avenue I, Portales, New Mexico 88130

bed 2
payment $750/mo.

920 W 16th St

920 W 16th St, Portales, New Mexico 88130

bed 2
payment $750/mo.

823 W 15th St

823 W 15th St, Portales, New Mexico 88130

bed 3
payment $1000/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

602 W 6th St

602 W 6th St, Portales, New Mexico 88130

bed 1
payment $600/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

510 W 15th St Unit A

510 W 15th St, Portales, New Mexico 88130

bed 2
payment $850/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

211 W 3rd St

211 W 3rd St, Portales, New Mexico 88130

bed 2
payment $700/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

503 W 1st St

503 W 1st St, Portales, New Mexico 88130

bed 1
payment $545/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

808 W 14th St

808 W 14th St, Portales, New Mexico 88130

bed 1
payment $500/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

627 S Roosevelt Rd P

627 S Roosevelt Rd P, Portales, New Mexico 88130

bed 3
payment $925/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

1020 W 3rd St

1020 W 3rd St, Portales, New Mexico 88130

bed 2
payment $585/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

805 1/2 W 18th St

805 1/2 W 18th St, Portales, New Mexico 88130

bed 1
payment $600/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

700 W 1st St

700 W 1st St, Portales, New Mexico 88130

bed 2
payment $750/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

522 S Ave E

522 S Ave E, Portales, New Mexico 88130

bed 1
payment $600/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

1017 W 14th Ln

1017 W 14th Ln, Portales, New Mexico 88130

bed 1
payment $550/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

1718 N Main Ave

1718 N Main Ave, Portales, New Mexico 88130

bed 3
payment $1195/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

Ruth Visage Apartments

1101 W Fir St, Portales, New Mexico 88130

switch_access_shortcut Short Wait

How To Identify Affordable Housing in Portales, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Portales, New Mexico
$17.50/hour
$5.50 (+46%) more than New Mexico minimum wage and $10.25 (+141%) more than the Federal minimum wage.
Learn More About Portales, New Mexico Affordable Housing ↓

What HUD offices serve Portales, 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 Portales, New Mexico.

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

How many renters live in Portales, New Mexico?

The City of Portales has people living in households.

There are renters living in renter households in this City. Renters make up 39.31 percent of the population living in Portales.

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

There are an estimated housing units in the Portales area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Portales, New Mexico, there are 1.25 rental units.

What is the vacancy rate for rentals in Portales?

The rental vacancy rate in Portales is 15 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 Portales for each bedroom size?

Occupied Rental Units by Size in Portales
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
88 425 830 683 99
Occupied Rental Units by Size in Portales

A large number of apartments in Portales 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 Portales

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $660 to $1,568. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $660
One BR $703
Two BR $924
Three BR $1,267
Four BR $1,568
2024 Fair Market Rents in Portales, New Mexico

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

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 22 25 percent
One BR 384 90 percent
Two BR 602 73 percent
Rental Units Below FMR in Portales, New Mexico

How many affordable rental units are in Portales?

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

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

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

Income Based Apartments in Portales, New Mexico

Portales features 188 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 Portales, New Mexico

There are 9 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Portales.

Housing Choice Vouchers in Portales, New Mexico

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Portales, New Mexico for a two-bedroom apartment is between $832 and $1,016.

Sourced from federal housing data and AffordableHousingOnline.com research.