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

Discover affordable housing in Valencia County where there are 18+ 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.

Rio Verde Apartments

2291 Highway 304, Belen, New Mexico 87002

Altura Apartments Ltd

200 Garden Ln, Belen, New Mexico 87002

Ventana Cove

450 Los Cerritos Dr NW , Los Lunas, New Mexico 87031

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Belen Vista Apartments

531 Christopher Dr, Belen, New Mexico 87002

bed 1-2

Encantada Apartments

300 Canal Blvd SW, Los Lunas, New Mexico 87031

bed 1-2

Belen Apartments

1200 Court St, Belen, New Mexico 87002

3331 Wagon Wheel St SW

3331 Wagon Wheel St SW, Los Lunas, New Mexico 87031

bed 4
payment $2000/mo.

910 Entrada Dr SW

910 Entrada Dr SW, Los Lunas, New Mexico 87031

bed 3
payment $1695/mo.

Hillridge Apartments

1450 Adela Ln SW, Los Lunas, New Mexico 87031

Westside Apartments, Ltd

721 Christopher Dr, Belen, New Mexico 87002

Mondel Apartments

1011 Main St SW, Los Lunas, New Mexico 87031

Hilltop Apartments

383 Canal Blvd SW, Los Lunas, New Mexico 87031

Gerald Chavez Apartments

524 Gerald Chavez Ln NE, Los Lunas, New Mexico 87031

Casa Encantada

1014 Guapo Rd, Belen, New Mexico 87002

Casa Bonita II

Camino Real SW, Los Lunas, New Mexico 87031

Casa Bonita Apartments

246 Camino Real SW, Los Lunas, New Mexico 87031

Hillside Apartments

379 Canal Blvd SW, Los Lunas, New Mexico 87031

Hilltop Terrace Ltd Monarch Properties

393 Canal Blvd SW, Los Lunas, New Mexico 87031

How To Identify Affordable Housing in Valencia County, 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 Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Valencia County, New Mexico
$23.14/hour
$11.14 (+93%) more than New Mexico minimum wage and $15.89 (+219%) more than the Federal minimum wage.
Learn More About Valencia County, New Mexico Affordable Housing ↓

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

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

How many renters live in Valencia County, New Mexico?

The County of Valencia County has people living in households.

There are renters living in renter households in this County. Renters make up 12.51 percent of the population living in Valencia County.

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

There are an estimated housing units in the Valencia County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Valencia County, New Mexico, there are 1.41 rental units.

What is the vacancy rate for rentals in Valencia County?

The rental vacancy rate in Valencia County is 6 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 Valencia County for each bedroom size?

Occupied Rental Units by Size in Valencia County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
86 336 1,713 2,147 222
Occupied Rental Units by Size in Valencia County

A large number of apartments in Valencia County 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 Valencia County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $828 to $2,064. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $828
One BR $1,005
Two BR $1,222
Three BR $1,722
Four BR $2,064
2024 Fair Market Rents in Valencia County, New Mexico

How many units are rented at Fair Market Rent (FMR) in Valencia 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 86 100 percent
One BR 297 88 percent
Two BR 1,302 76 percent
Rental Units Below FMR in Valencia County, New Mexico

How many affordable rental units are in Valencia County?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Valencia County, New Mexico

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

Income Based Apartments in Valencia County, New Mexico

Valencia County features 395 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 Valencia County, New Mexico

There are 142 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Valencia County.

Housing Choice Vouchers in Valencia County, New Mexico

On average, Section 8 Housing Choice vouchers pay Valencia County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Valencia County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Valencia County, New Mexico for a two-bedroom apartment is between $1,100 and $1,344.

Sourced from federal housing data and AffordableHousingOnline.com research.