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

Discover affordable housing in Lakeside where there are 4+ 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.

Rainbow Lake Apartments

1921 Rainbow Lake Pl, Lakeside, Arizona 85929

Rainbow Lake I Apartments

PO Box 910, Lakeside, Arizona 85929

Rodeo Court Apartments

40 Rodeo Dr, Lakeside, Arizona 85929

Rainbow Lake II Apartments

Btwn Oak St and Starling Ln, Lakeside, Arizona 85929

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lakeside, Arizona
$22.54/hour
$8.19 (+57%) more than Arizona minimum wage and $15.29 (+211%) more than the Federal minimum wage.
Learn More About Lakeside, Arizona Affordable Housing ↓

How many renters live in Lakeside, Arizona?

The City of Lakeside has 4,080 people living in 1,769 households.

There are 899 renters living in 437 renter households in this City. Renters make up 22.03 percent of the population living in Lakeside.

What is the rental market like in Lakeside, Arizona?

There are an estimated 3,316 housing units in the Lakeside area. Of these, 621 units are rental homes, making up 19 percent of the housing market. For every renter household in Lakeside, Arizona, there are 1 rental units.

What is the vacancy rate for rentals in Lakeside?

The rental vacancy rate in Lakeside is 22 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

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

Occupied Rental Units by Size in Lakeside
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 120 211 76 22
Occupied Rental Units by Size in Lakeside

A large number of apartments in Lakeside 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 Lakeside are overburdened by housing costs?

Among renter households in this market, 47 percent have housing cost burden. Further, 36 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 Lakeside

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $856 to $1,585. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $856
One BR $906
Two BR $1,190
Three BR $1,509
Four BR $1,585
2024 Fair Market Rents in Lakeside, Arizona

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

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 8 100 percent
One BR 85 71 percent
Two BR 84 40 percent
Rental Units Below FMR in Lakeside, Arizona

How many affordable rental units are in Lakeside?

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

Federal Program Unit Count
Low Income Housing Tax Credit 59
Tracked Units by Federal Program in Lakeside, Arizona

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

Income Based Apartments in Lakeside, Arizona

Lakeside features 68 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 Lakeside, Arizona

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lakeside.

Housing Choice Vouchers in Lakeside, Arizona

On average, Section 8 Housing Choice vouchers pay Lakeside landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lakeside.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lakeside, Arizona for a two-bedroom apartment is between $1,071 and $1,309.

Sourced from federal housing data and AffordableHousingOnline.com research.