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

Discover affordable housing in Santa Fe where there are 34+ 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.

Santa Fe, City Of

2325 Cerrillos Rd, Santa Fe, New Mexico 87505

Casa Rufina Phase II

2323 Casa Rufina Rd, Santa Fe, New Mexico 87507

White Sands Village Phase II

Desert Rose, Santa Fe, New Mexico 87506

Village Sage Apartments

5951 Larson Loop, Santa Fe, New Mexico 87507

2323 Rufina Street

2323 Rufina St, Santa Fe, New Mexico 87507

Cerrillos Santa Cruz

2 Val Verde Dr, Santa Fe, New Mexico 87507

3450 1 2 Cerrillos Road

3811 1/2 Cerrillos Rd, Santa Fe, New Mexico 87507

Country Club Apartments

1002 Airport Rd, Santa Fe, New Mexico 87507

Via Real I Apartments

2501 W Zia Rd, Santa Fe, New Mexico 87505

Villa Real II Apartments

501 W Zia Rd, Santa Fe, New Mexico 87505

Santa Fe Ph

650 Alta Vista St, Santa Fe, New Mexico 87505

Altamira at St Michaels ,

1449 Zepol Rd, Santa Fe, New Mexico 87507

San Rafael Apartments

1409 Zepol Rd, Santa Fe, New Mexico 87507

321 Tesuque Dr Main House

321 Tesuque Dr, Santa Fe, New Mexico 87505

calendar_today Opened: Jan 10
calendar_today Closes: Dec 4,

Reported On January 10th, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Santa Fe, 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, New Mexico Affordable Housing ↓

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

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

How many renters live in Santa Fe, New Mexico?

The City of Santa Fe has 89,001 people living in 43,401 households.

There are 28,617 renters living in 16,955 renter households in this City. Renters make up 32.15 percent of the population living in Santa Fe.

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

There are an estimated 47,460 housing units in the Santa Fe area. Of these, 17,847 units are rental homes, making up 38 percent of the housing market. For every renter household in Santa Fe, New Mexico, there are 1 rental units.

What is the vacancy rate for rentals in Santa Fe?

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

Occupied Rental Units by Size in Santa Fe
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,313 5,389 6,356 3,645 252
Occupied Rental Units by Size in Santa Fe

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

Among renter households in this market, 58 percent have housing cost burden. Further, 30 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

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, New Mexico

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

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 863 66 percent
One BR 3,541 66 percent
Two BR 3,062 48 percent
Rental Units Below FMR in Santa Fe, New Mexico

How many affordable rental units are in Santa Fe?

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

Federal Program Unit Count
Low Income Housing Tax Credit 2,712
Public Housing 99
Section 8 Project-Based Rental Assistance 744
Section 202 Supportive Housing for the Elderly 31
Section 811 Supportive Housing for Persons with Disabilities 19
Tracked Units by Federal Program in Santa Fe, New Mexico

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

Income Based Apartments in Santa Fe, New Mexico

Santa Fe 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, New Mexico

There are 1,989 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Santa Fe.

Housing Choice Vouchers in Santa Fe, New Mexico

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.