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

Discover affordable housing in Eddy County where there are 12+ 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.

Villa San Jose

415 Del Rio St, Carlsbad, New Mexico 88220

Mission La Posada Apartments Rehab

805 & 710 Hueco St, Carlsbad, New Mexico 88220

Artesia Properties

1601 W Centre Ave, Artesia, New Mexico 88210

Carlsbad Senior Community

214 Pecan St, Carlsbad, New Mexico 88220

Eagle Creek Apartments

302 N 4th St, Artesia, New Mexico 88210

Roselawn Apartments

800 S Roselawn Ave, Artesia, New Mexico 88210

Mesa Grande

4601 Forrest Dr, Carlsbad, New Mexico 88220

Colonial Hillcrest Apartments

604 N 5th St, Carlsbad, New Mexico 88220

Penasco Apartments

501 South 20th St, Artesia, New Mexico

Casa De La Flor

413 South Fourth, Loving, New Mexico

618 N 7th St

618 N 7th St, Artesia, New Mexico 88210

Northgate Plaza

1018 Lamont St, Carlsbad, New Mexico 88220

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Eddy County, New Mexico
$20.59/hour
$8.59 (+72%) more than New Mexico minimum wage and $13.34 (+184%) more than the Federal minimum wage.
Learn More About Eddy County, New Mexico Affordable Housing ↓

What HUD offices serve Eddy 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 Eddy County, New Mexico.

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

How many renters live in Eddy County, New Mexico?

The County of Eddy County has 61,264 people living in 22,703 households.

There are 15,728 renters living in 6,036 renter households in this County. Renters make up 25.67 percent of the population living in Eddy County.

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

There are an estimated 26,261 housing units in the Eddy County area. Of these, 7,060 units are rental homes, making up 27 percent of the housing market. For every renter household in Eddy County, New Mexico, there are 1 rental units.

What is the vacancy rate for rentals in Eddy County?

The rental vacancy rate in Eddy County 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 Eddy County for each bedroom size?

Occupied Rental Units by Size in Eddy County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
290 1,108 2,087 2,351 186
Occupied Rental Units by Size in Eddy County

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

Among renter households in this market, 24 percent have housing cost burden. Further, 10 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 Eddy County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $791 to $1,648. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $791
One BR $968
Two BR $1,087
Three BR $1,532
Four BR $1,648
2024 Fair Market Rents in Eddy County, New Mexico

How many units are rented at Fair Market Rent (FMR) in Eddy 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 143 49 percent
One BR 505 46 percent
Two BR 1,080 52 percent
Rental Units Below FMR in Eddy County, New Mexico

How many affordable rental units are in Eddy County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 211
Public Housing 138
Section 8 Project-Based Rental Assistance 339
Section 202 Supportive Housing for the Elderly 43
USDA Section 515 Rural Rental Housing 52
Tracked Units by Federal Program in Eddy County, New Mexico

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

Income Based Apartments in Eddy County, New Mexico

Eddy County features 456 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 Eddy County, New Mexico

There are 104 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Eddy County.

Housing Choice Vouchers in Eddy County, New Mexico

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Eddy County, New Mexico for a two-bedroom apartment is between $978 and $1,196.

Sourced from federal housing data and AffordableHousingOnline.com research.