Altura Apartments
200 Garden Lane Dr, Belen, NM 87002
Family · 4 1BR, 20 2BR
Managed by Syringa Property Management
- Units
- 24
- Rental assistance
- 23
- Vacant
- 0
- Accessible
- 2
- Opened
- 1988
New Mexico
USDA rental housing in Valencia County, NM
10 properties in Valencia County have USDA Section 515 or 514 financing: 366 apartments across 2 towns. 238 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.
10properties
366apartments
238rental assistance units
12vacant 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 Listings come from USDA's public data and may be out of date.
Belen Crossing Ltd
1200 Court SW, Belen, NM 87002
Family · 1 1BR, 24 2BR, 16 3BR
- Units
- 41
- Rental assistance
- 2
- Vacant
- 2
- Accessible
- 3
- Opened
- 1988
Belen Vista Apartments
531 Christopher Dr, Belen, NM 87002
Family and elderly · 30 1BR, 27 2BR
Managed by Monarch Properties, INC
- Units
- 57
- Rental assistance
- 0
- Vacant
- 0
- Accessible
- 4
- Opened
- 1996
Rio Verde Apts
2291 Highway 304, Belen, NM 87002
Elderly · 30 1BR, 10 2BR
- Units
- 40
- Rental assistance
- 39
- Vacant
- 2
- Accessible
- 3
- Opened
- 1992
Encantada Apts
300 Canal Blvd SW, Los Lunas, NM 87031
Family · 12 1BR, 36 2BR
Managed by Monarch Properties, INC
- Units
- 48
- Rental assistance
- 46
- Vacant
- 1
- Accessible
- 3
- Opened
- 1981
Gerald Chavez Apartments
524 Gerald Chavez Ln NE, Los Lunas, NM 87031
Family · 28 2BR
- Units
- 28
- Rental assistance
- 19
- Vacant
- 2
- Accessible
- 2
- Opened
- 1984
Hillcrest Manor
383 Canal Blvd SW, Los Lunas, NM 87031
Elderly · 36 1BR, 4 2BR
Managed by Bormon Management Group
- Units
- 40
- Rental assistance
- 36
- Vacant
- 1
- Accessible
- 2
- Opened
- 1990
Hillside Apartments Ltd
379 Canal Blvd SW, Los Lunas, NM 87031
Family · 4 1BR, 20 2BR
Managed by Bormon Management Group
- Units
- 24
- Rental assistance
- 24
- Vacant
- 0
- Accessible
- 3
- Opened
- 1994
Hilltop Terrace
393 Canal Blvd SW, Los Lunas, NM 87031
Family · 6 1BR, 32 2BR, 2 3BR
- Units
- 40
- Rental assistance
- 38
- Vacant
- 2
- Accessible
- 3
- Opened
- 1992
Mondel Apts
1011 Main Street, Los Lunas, NM 87031
Family · 4 1BR, 20 2BR
Managed by Syringa Property Management
- Units
- 24
- Rental assistance
- 11
- Vacant
- 2
- Accessible
- 1
- Opened
- 1987
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. 9 also have housing tax credits. 2 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).