Penasco Apartments
501 South 20th St, Artesia, NM 88211
Family · 12 1BR, 26 2BR, 2 3BR
- Units
- 40
- Rental assistance
- 39
- Vacant
- 2
- Accessible
- 2
- Opened
- 1983
New Mexico
USDA rental housing in San Miguel County, NM
10 properties in San Miguel County have USDA Section 515 or 514 financing: 377 apartments across 4 towns. 351 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.
10properties
377apartments
351rental assistance units
17vacant units reported
Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.
Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.
Westside Apartments
721 Christopher RD, Belen, NM 87002
Family · 4 1BR, 20 2BR
- Units
- 24
- Rental assistance
- 24
- Vacant
- 0
- Accessible
- 2
- Opened
- 1988
Casa Alegre Apts
408 Mtn View Drive, Las Vegas, NM 87701
Elderly · 30 1BR, 12 2BR
- Units
- 42
- Rental assistance
- 41
- Vacant
- 0
- Accessible
- 3
- Opened
- 1991
Casa Alegre II Apts LP
400 Mtn View Drive, Las Vegas, NM 87701
Elderly · 16 1BR, 4 2BR
- Units
- 20
- Rental assistance
- 19
- Vacant
- 2
- Accessible
- 1
- Opened
- 1993
Collins Drive Apts
2505 Collins Dr, Las Vegas, NM 87701
Family · 17 1BR, 16 2BR
Managed by Bosley Management, INC
- Units
- 33
- Rental assistance
- 27
- Vacant
- 3
- Accessible
- 2
- Opened
- 1984
Gallinas Valley
2612 7th Street, Las Vegas, NM 87701
Family · 8 1BR, 32 2BR, 4 3BR
- Units
- 44
- Rental assistance
- 39
- Vacant
- 2
- Accessible
- 3
- Opened
- 1987
Kristin Park Apts
2351 Moreland Dr, Las Vegas, NM 87701
Family · 16 1BR, 24 2BR, 4 3BR
- Units
- 44
- Rental assistance
- 40
- Vacant
- 1
- Accessible
- 2
- Opened
- 1990
Las Vegas Apts
2505 Collins Drive, Las Vegas, NM 87701
Family · 4 1BR, 12 2BR, 8 3BR
Managed by Bosley Management, INC
- Units
- 24
- Rental assistance
- 21
- Vacant
- 3
- Accessible
- 0
- Opened
- 1982
North Star San Miguel Apartments
333 Chico Drive, Las Vegas, NM 87701
Family and elderly · 40 1BR, 32 2BR, 8 3BR
- Units
- 80
- Rental assistance
- 76
- Vacant
- 3
- Accessible
- 4
- Opened
- 1995
Ruth Visage Senior Apartments
1101 W Fir St, Portales, NM 88130
Elderly · 8 1BR, 4 2BR
- Units
- 26
- Rental assistance
- 25
- Vacant
- 1
- Accessible
- 2
- Opened
- 2003
Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.
Who can rent here
USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.
For owners and buyers
All 10 are limited-profit. 8 also have housing tax credits. 3 serve elderly tenants. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.
Every property in one file: 515/514 portfolio download (CSV and JSON).