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Affordable apartments in Socorro, New Mexico

9 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.

9 lihtc

Buildings

SOCORRO PROPERTIES

LIHTC
901 NW WALKWAY, SOCORRO, NM, 87801
Income-restricted units
32 of 32
Year placed in service
8888

Estimated total housing cost: $708 rent + $98 utilities = $806/mo

Contact property management for current availability. Waitlists may apply.

GRANADA IIC

LIHTC
713 HWY 60, SOCORRO, NM, 87801
Income-restricted units
4 of 4
Year placed in service
8888

Estimated total housing cost: $708 rent + $98 utilities = $806/mo

Contact property management for current availability. Waitlists may apply.

RESERVOIR & GRANT

LIHTC
207 GRANT ST, SOCORRO, NM, 87801
Income-restricted units
3 of 3
Year placed in service
8888

Estimated total housing cost: $708 rent + $98 utilities = $806/mo

Contact property management for current availability. Waitlists may apply.

LUIS LOPEZ II

LIHTC
SOCORRO, NM
Income-restricted units
1 of 1
Year placed in service
8888

Estimated total housing cost: $708 rent + $98 utilities = $806/mo

Contact property management for current availability. Waitlists may apply.

NEAL & 6TH

LIHTC
120 NEEL AVE, SOCORRO, NM, 87801
Income-restricted units
1 of 1
Year placed in service
8888

Estimated total housing cost: $708 rent + $98 utilities = $806/mo

Contact property management for current availability. Waitlists may apply.

GRANADA IIB

LIHTC
816 GRANADA ST, SOCORRO, NM, 87801
Income-restricted units
1 of 1
Year placed in service
8888

Estimated total housing cost: $708 rent + $98 utilities = $806/mo

Contact property management for current availability. Waitlists may apply.

NEAL & 6TH

LIHTC
509 SIXTH ST N, SOCORRO, NM, 87801
Income-restricted units
1 of 2
Year placed in service
8888

Estimated total housing cost: $708 rent + $98 utilities = $806/mo

Contact property management for current availability. Waitlists may apply.

GRANADA IIA

LIHTC
824 GRANADA ST, SOCORRO, NM, 87801
Income-restricted units
1 of 1
Year placed in service
8888

Estimated total housing cost: $708 rent + $98 utilities = $806/mo

Contact property management for current availability. Waitlists may apply.

NEAL & 6TH

LIHTC
507 SIXTH ST N, SOCORRO, NM, 87801
Income-restricted units
1 of 1
Year placed in service
8888

Estimated total housing cost: $708 rent + $98 utilities = $806/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 Socorro, NM

Metro-level
BedroomsLocal FMRNational median
Studio$602n/a
1 bedroom$673n/a
2 bedroom$708$1,502
3 bedroom$920n/a
4 bedroom$1,062n/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 : Socorro County, NM

FY2025. Area median income: $63,800.

Household size30% AMI50% AMI80% AMI
1 person$15,650$24,100$38,550
2 people$21,150$27,550$44,050
3 people$26,650$31,000$49,550
4 people$32,150$34,400$55,050
5 people$37,200$37,200$59,500
6 people$39,950$39,950$63,900
7 people$42,700$42,700$68,300
8 people$45,450$45,450$72,700

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: Socorro cost-of-living and Fair Market Rent overview