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Affordable apartments in Santa Teresa, New Mexico

4 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

4 lihtc

Buildings

COMERCIANTES TERRACE APTS

LIHTC
100 COMERCIANTES, SANTA TERESA, NM
Income-restricted units
135 of 135
Year placed in service
2000
Bedroom mix
135 2BR

Estimated total housing cost: $934 rent + $98 utilities = $1,032/mo

Contact property management for current availability. Waitlists may apply.

SANTA TERESA TERRACE APTS

LIHTC
100 COMMERCIANTES BLVD BLDG 2, SANTA TERESA, NM
Income-restricted units
112 of 112
Year placed in service
1998
Bedroom mix
48 2BR · 64 3BR

Estimated total housing cost: $934 rent + $98 utilities = $1,032/mo

Contact property management for current availability. Waitlists may apply.

SANTA TERESA FAMILY HOMES

LIHTC
100 COMERCIANTES BLVD, SANTA TERESA, NM
Income-restricted units
60 of 74
Year placed in service
2004
Bedroom mix
74 3BR

Estimated total housing cost: $934 rent + $98 utilities = $1,032/mo

Contact property management for current availability. Waitlists may apply.

SANTA TERESA TERRACE PHASE II

LIHTC
100 COMERCIANTES, SANTA TERESA, NM
Income-restricted units
Not reported of 135
Year placed in service
8888

Estimated total housing cost: $934 rent + $98 utilities = $1,032/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in New Mexico

Residential electricity in New Mexico runs about 15.15¢/kWh, with a typical monthly residential electric bill near $98. Natural gas runs about $11.81/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Santa Teresa, NM

Metro-level
BedroomsLocal FMRNational median
Studio$794n/a
1 bedroom$887n/a
2 bedroom$934$1,502
3 bedroom$1,214n/a
4 bedroom$1,401n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Dona Ana County, NM

Las Cruces, NM. FY2025. Area median income: $70,700.

Household size30% AMI50% AMI80% AMI
1 person$15,650$24,750$39,600
2 people$21,150$28,300$45,250
3 people$26,650$31,850$50,900
4 people$32,150$35,350$56,550
5 people$37,650$38,200$61,100
6 people$41,050$41,050$65,600
7 people$43,850$43,850$70,150
8 people$46,700$46,700$74,650

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby New Mexico cities

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About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Santa Teresa cost-of-living and Fair Market Rent overview