2025 FMR and Section 8 Rents in New Mexico

Section 8 is a federal program that guarantees monthly rent payments to landlords. The U.S. Department of Housing and Urban Development (HUD) publishes Fair Market Rents, which are 40th percentile averages of local rents, to determine their standard payment amount.

Use our Section 8 rents table to find the best market for Section 8 investment. See Section 8 rents in each city and zip code.

Typically, the government guarantees 70% of the rent payment, and the tenant pays the remaining 30%. Section 8 tenants typically stay in their units 6-7x longer than regular tenants.

Click the column header to sort each column. Click state name to explore Section 8 Rents by city.

County Name / City
Studio Rent
1 Bedroom Rent
2 Bedroom Rent
3 Bedroom Rent
4 Bedroom Rent

Albuquerque

$1,080$1,310$1,590$2,240$2,680

Catron County

$627$707$877$1,120$1,488

Chaves County

$692$737$969$1,239$1,358

Cibola County

$629$700$880$1,065$1,172

Colfax County

$760$781$877$1,158$1,372

Curry County

$674$800$995$1,266$1,689

De Baca County

$627$667$877$1,236$1,488

Eddy County

$791$968$1,087$1,532$1,648

Farmington

$970$980$1,170$1,650$1,760

Grant County

$728$733$877$1,209$1,303

Guadalupe County

$627$767$877$1,236$1,488

Harding County

$627$707$877$1,236$1,488

Hidalgo County

$627$707$877$1,236$1,488

Las Cruces

$740$881$990$1,383$1,562

Lea County

$801$889$1,168$1,487$1,642

Lincoln County

$627$667$877$1,156$1,488

Los Alamos County

$995$1,037$1,363$1,722$2,313

Luna County

$594$691$877$1,181$1,488

Mckinley County

$663$739$877$1,127$1,168

Mora County

$627$707$877$1,184$1,488

Otero County

$609$722$877$1,236$1,488

Quay County

$627$781$877$1,092$1,488

Rio Arriba County

$666$670$877$1,060$1,168

Roosevelt County

$660$703$924$1,267$1,568

San Miguel County

$703$781$877$1,186$1,384

Santa Fe

$1,171$1,320$1,540$1,970$2,050

Sierra County

$594$667$877$1,236$1,488

Socorro County

$627$707$877$1,236$1,488

Taos County

$845$921$1,050$1,375$1,782

Union County

$627$732$877$1,114$1,488

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Frequently Asked Section 8 Investing Questions

Fair Market Rent (FMR): HUD sets FMR by bedroom size for each area.

Payment Standard: The local PHA sets this between 90–110% of the FMR. It's the max PHA assistance.

Gross Rent: Contract rent (charged by landlord) + utility allowance (estimated tenant utility costs). Must fit payment standard limits.

Housing Assistance Payment (HAP):

The PHA pays the lower of:

  • Payment standard - Tenant's Total Tenant Payment (TTP).
  • Gross rent - TTP.

Example:

  • Payment standard: $1,500
  • Contract rent: $1,400
  • Utility allowance: $100
  • Tenant's TTP: $400
  • Gross rent: $1,500 ($1,400 + $100).
  • HAP: $1,100 (lower of $1,500 - $400 or $1,500 - $400).

Landlord receives $1,100 (PHA) + $400 (tenant) = $1,500 total.