Low Income Apartments and Affordable Housing For Rent in Bayfield, CO

Discover affordable housing in Bayfield where there are 1+ 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.

Pine River Valley

251 S Clover Ln, Bayfield, Colorado 81122

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bayfield, Colorado
$32.50/hour
$18.08 (+125%) more than Colorado minimum wage and $25.25 (+348%) more than the Federal minimum wage.
Learn More About Bayfield, Colorado Affordable Housing ↓

What HUD offices serve Bayfield, Colorado?

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), Veteran Affairs Supportive Housing (VASH), Family Unification Program (FUP) programs for Bayfield, Colorado.

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

How many renters live in Bayfield, Colorado?

The City of Bayfield has 2,853 people living in 1,017 households.

There are 582 renters living in 266 renter households in this City. Renters make up 20.4 percent of the population living in Bayfield.

What is the rental market like in Bayfield, Colorado?

There are an estimated 1,098 housing units in the Bayfield area. Of these, 284 units are rental homes, making up 26 percent of the housing market. For every renter household in Bayfield, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Bayfield?

The rental vacancy rate in Bayfield is 0 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 Bayfield for each bedroom size?

Occupied Rental Units by Size in Bayfield
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
15 50 113 82 6
Occupied Rental Units by Size in Bayfield

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

Among renter households in this market, 37 percent have housing cost burden. Further, 12 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 Bayfield

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,241 to $2,763. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,241
One BR $1,402
Two BR $1,716
Three BR $2,123
Four BR $2,763
2024 Fair Market Rents in Bayfield, Colorado

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

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 15 100 percent
One BR 50 100 percent
Two BR 63 56 percent
Rental Units Below FMR in Bayfield, Colorado

How many affordable rental units are in Bayfield?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Bayfield, Colorado

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

Income Based Apartments in Bayfield, Colorado

Bayfield features 16 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 Bayfield, Colorado

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bayfield.

Housing Choice Vouchers in Bayfield, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bayfield, Colorado for a two-bedroom apartment is between $1,544 and $1,888.

Sourced from federal housing data and AffordableHousingOnline.com research.