Low Income Apartments and Affordable Housing For Rent in Cottonwood, AZ

Discover affordable housing in Cottonwood where there are 9+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Highland Square Apartments

299 W Mingus Ave, Cottonwood, Arizona 86326

Mingus Pointe Apartments

101 S 6th St, Cottonwood, Arizona 86326

Verde Vista Apartments

1720 E Elm St, Cottonwood, Arizona 86326

Verde Valley Manor

3400 E Godard Rd, Cottonwood, Arizona 86326

Cottonwood Manor 1

859 S 12th St, Cottonwood, Arizona 86326

Tuzigoot Village Apartments

1600 East Skyline Drive, Cottonwood, Arizona 86326

Courtside Apartments

220 South 6th Street, Cottonwood, Arizona 86326

Verde Plaza Apts

195 S 7th St, Cottonwood, Arizona

Home Christian Care Cottonwood 415 - 03 - 02

89 S 12th St, Cottonwood, Arizona 86326

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cottonwood, Arizona
$26.57/hour
$12.22 (+85%) more than Arizona minimum wage and $19.32 (+267%) more than the Federal minimum wage.
Learn More About Cottonwood, Arizona Affordable Housing ↓

What HUD offices serve Cottonwood, Arizona?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Cottonwood, Arizona.

Go to the Arizona Public Housing and Low-Income Apartments Waiting Lists page for openings near Cottonwood.

How many renters live in Cottonwood, Arizona?

The City of Cottonwood has 12,314 people living in 6,217 households.

There are 5,467 renters living in 3,105 renter households in this City. Renters make up 44.4 percent of the population living in Cottonwood.

What is the rental market like in Cottonwood, Arizona?

There are an estimated 6,704 housing units in the Cottonwood area. Of these, 3,199 units are rental homes, making up 48 percent of the housing market. For every renter household in Cottonwood, Arizona, there are 1 rental units.

What is the vacancy rate for rentals in Cottonwood?

The rental vacancy rate in Cottonwood is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Cottonwood for each bedroom size?

Occupied Rental Units by Size in Cottonwood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
268 1,140 1,143 433 95
Occupied Rental Units by Size in Cottonwood

A large number of apartments in Cottonwood have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Cottonwood are overburdened by housing costs?

Among renter households in this market, 43 percent have housing cost burden. Further, 16 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Cottonwood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $951 to $2,273. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $951
One BR $1,140
Two BR $1,403
Three BR $1,943
Four BR $2,273
2024 Fair Market Rents in Cottonwood, Arizona

How many units are rented at Fair Market Rent (FMR) in Cottonwood?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 228 85 percent
One BR 924 81 percent
Two BR 942 82 percent
Rental Units Below FMR in Cottonwood, Arizona

How many affordable rental units are in Cottonwood?

There are a variety of federal affordable housing programs serving households in Cottonwood, Arizona including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 304
Section 8 Project-Based Rental Assistance 125
Section 202 Supportive Housing for the Elderly 10
USDA Section 515 Rural Rental Housing 320
Tracked Units by Federal Program in Cottonwood, Arizona

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Cottonwood, Arizona

Cottonwood features 413 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Cottonwood, Arizona

There are 126 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cottonwood.

Housing Choice Vouchers in Cottonwood, Arizona

On average, Section 8 Housing Choice vouchers pay Cottonwood landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Cottonwood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cottonwood, Arizona for a two-bedroom apartment is between $1,263 and $1,543.

Sourced from federal housing data and AffordableHousingOnline.com research.