Low Income Apartments and Affordable Housing For Rent in Truth Or Consequences, NM

Discover affordable housing in Truth Or Consequences where there are 6+ 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.

Tradewinds Carriage Apartments

1301 N Pershing St, Truth Or Consequences, New Mexico 87901

Casa Del Rio Apartments

165 N Silver St, Truth Or Consequences, New Mexico 87901

Rio Abajo Apartments

1485 E 2nd Ave, Truth Or Consequences, New Mexico 87901

Hacienda Orgullo

1425 E. Second St., Truth Or Consequences, New Mexico

Puesta De Sol

600 Tingley St, Truth Or Consequences, New Mexico 87901

Villa Del Sol

401 Coleman St, Truth Or Consequences, New Mexico 87901

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Truth Or Consequences, 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.
Open Until Further Notice
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Reported On February 23rd, 2024 by Colleen Carter

Open Until Further Notice
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Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Truth Or Consequences, New Mexico
$16.61/hour
$4.61 (+38%) more than New Mexico minimum wage and $9.36 (+129%) more than the Federal minimum wage.
Learn More About Truth Or Consequences, New Mexico Affordable Housing ↓

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

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

How many renters live in Truth Or Consequences, New Mexico?

The City of Truth Or Consequences has people living in households.

There are renters living in renter households in this City. Renters make up 39.29 percent of the population living in Truth Or Consequences.

What is the rental market like in Truth Or Consequences, New Mexico?

There are an estimated housing units in the Truth Or Consequences area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Truth Or Consequences, New Mexico, there are 1.11 rental units.

What is the vacancy rate for rentals in Truth Or Consequences?

The rental vacancy rate in Truth Or Consequences is 10 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 Truth Or Consequences for each bedroom size?

Occupied Rental Units by Size in Truth Or Consequences
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
20 273 470 184 19
Occupied Rental Units by Size in Truth Or Consequences

A large number of apartments in Truth Or Consequences 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 Truth Or Consequences

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $594 to $1,488. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $594
One BR $667
Two BR $877
Three BR $1,236
Four BR $1,488
2024 Fair Market Rents in Truth Or Consequences, New Mexico

How many units are rented at Fair Market Rent (FMR) in Truth Or Consequences?

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 13 65 percent
One BR 207 76 percent
Two BR 218 46 percent
Rental Units Below FMR in Truth Or Consequences, New Mexico

How many affordable rental units are in Truth Or Consequences?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Truth Or Consequences, New Mexico

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

Income Based Apartments in Truth Or Consequences, New Mexico

Truth Or Consequences features 310 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 Truth Or Consequences, New Mexico

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

Housing Choice Vouchers in Truth Or Consequences, New Mexico

On average, Section 8 Housing Choice vouchers pay Truth Or Consequences landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Truth Or Consequences.

The maximum amount a voucher would pay on behalf of a low-income tenant in Truth Or Consequences, New Mexico for a two-bedroom apartment is between $789 and $965.

Sourced from federal housing data and AffordableHousingOnline.com research.