Market rent for the 1 BD units is $595, and for 2BD units is $695. However, there are units available at what is referred to as ‘Workforce Rent’, i.e., rents based on income.

In order to qualify for workforce rents at less than 30% of median income, your income needs to be:

            1 person  = $14,900 or less
            2 persons = $17,000 or less
            3 persons = $19,000 or less
            4 persons = $21,250 or less
The rent would be $309 for 1BD and $368 for 2BD.

In order to qualify for workforce rents at less than 40% of median income, your income needs to be:

            1 person  = $19,867 or less
            2 persons = $22,667 or less
            3 persons = $25,333 or less
            4 persons = $28,333 or less
The rent would be $425 for 1BD and $522 for 2BD.

In order to qualify for workforce rents at less than 50% of median income, your income needs to be:

            1 person  = $24,834 or less
            2 persons = $28,334 or less
            3 persons = $31,667 or less
            4 persons = $35,417 or less
The rent would be $495 for 1BD and $595 for 2BD.

And finally, in order to qualify for workforce rents at less than 60% of median income, your income needs to be:

            1 person  = $29,800 or less
            2 persons = $34,000 or less
            3 persons = $38,000 or less
            4 persons = $42,500 or less
The rent would be $550 for 1BD and $650 for 2BD.

Deposits are:
   1BD $200
   2BD $400

Disclaimer: Although every effort has been made to provide complete and accurate information, Rio Grande Village makes no warranties, express or implied, or representations as to the accuracy of content on this website. Please contact us to ensure proper and current information.