Low Income Apartments and Affordable Housing For Rent in Santa Fe County, NM

Discover affordable housing in Santa Fe County where there are 35+ 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.

Las Palomas Apartments

2001 Hopewell Street, Santa Fe, New Mexico 87505

Villa Consuelo Apartments

1200 Camino Consuelo, Santa Fe, New Mexico 87507

Villas De San Ignacio

4499 San Ignacio, Santa Fe, New Mexico 87507

Santa Fe Community Living (Rad)

664 Alta Vista St, Santa Fe, New Mexico 87505

Villa Hermosa

1510 Luisa St, Santa Fe, New Mexico 87505

Soleras Station

4804 Rail Runner Rd, Santa Fe, New Mexico 87507

Encino Villa

1501 Montano St, Santa Fe, New Mexico 87505

Challenge New Mexico Group Home Two

1868 Vista del Sur, Santa Fe, New Mexico 87505

Challenge New Mexico Group Home One

1888 Calle Quedo, Santa Fe, New Mexico 87505

Challenge New Mexico Svcs for Hdcp

631 Agua Fria St, Santa Fe, New Mexico 87501

Casa Milagro

49 Camino Bajo, Santa Fe, New Mexico 87508

San Tierra Apartments

3991 Camino Juliana, Santa Fe, New Mexico 87507

Villa Alegre Family

200 Villa Alegre St, Santa Fe, New Mexico 87501

Tres Santos Apartments (Sunset View Senior Apartments)

1899 Pacheco St, Santa Fe, New Mexico 87505

Ventana De Vida Senior Apartments

1500 Pacheco St, Santa Fe, New Mexico 87505

Evergreen Apartments

2020 Calle Lorca, Santa Fe, New Mexico 87505

The Bluffs at Tierra Contenta

6600 Jaguar Dr, Santa Fe, New Mexico 87507

The Tuscany at St Francis

2218 Miguel Chavez Rd, Santa Fe, New Mexico 87505

Paseo Del Sol Apartments

4551 Paseo del Sol, Santa Fe, New Mexico 87507

Vista Linda Apartments

6332 Entrada de Milagro, Santa Fe, New Mexico 87507

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Santa Fe County, New Mexico
$29.07/hour
$17.07 (+142%) more than New Mexico minimum wage and $21.82 (+301%) more than the Federal minimum wage.
Learn More About Santa Fe County, New Mexico Affordable Housing ↓

What HUD offices serve Santa Fe County, 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 Santa Fe County, New Mexico.

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

How many renters live in Santa Fe County, New Mexico?

The County of Santa Fe County has 155,664 people living in 72,302 households.

There are 37,926 renters living in 21,893 renter households in this County. Renters make up 24.36 percent of the population living in Santa Fe County.

What is the rental market like in Santa Fe County, New Mexico?

There are an estimated 78,688 housing units in the Santa Fe County area. Of these, 23,037 units are rental homes, making up 29 percent of the housing market. For every renter household in Santa Fe County, New Mexico, there are 1 rental units.

What is the vacancy rate for rentals in Santa Fe County?

The rental vacancy rate in Santa Fe County is 4 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 Santa Fe County for each bedroom size?

Occupied Rental Units by Size in Santa Fe County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,497 6,804 8,049 5,181 362
Occupied Rental Units by Size in Santa Fe County

A large number of apartments in Santa Fe County 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 Santa Fe County are overburdened by housing costs?

Among renter households in this market, 53 percent have housing cost burden. Further, 27 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 Santa Fe County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,171 to $2,044. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,171
One BR $1,317
Two BR $1,535
Three BR $1,960
Four BR $2,044
2024 Fair Market Rents in Santa Fe County, New Mexico

How many units are rented at Fair Market Rent (FMR) in Santa Fe County?

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 937 63 percent
One BR 4,441 65 percent
Two BR 4,452 55 percent
Rental Units Below FMR in Santa Fe County, New Mexico

How many affordable rental units are in Santa Fe County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 3,179
Public Housing 226
Section 8 Project-Based Rental Assistance 783
Section 202 Supportive Housing for the Elderly 31
Section 811 Supportive Housing for Persons with Disabilities 31
USDA Section 515 Rural Rental Housing 49
Tracked Units by Federal Program in Santa Fe County, New Mexico

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

Income Based Apartments in Santa Fe County, New Mexico

Santa Fe County features 677 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 Santa Fe County, New Mexico

There are 2,019 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Santa Fe County.

Housing Choice Vouchers in Santa Fe County, New Mexico

On average, Section 8 Housing Choice vouchers pay Santa Fe County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Santa Fe County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Santa Fe County, New Mexico for a two-bedroom apartment is between $1,382 and $1,689.

Sourced from federal housing data and AffordableHousingOnline.com research.