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

Discover affordable housing in Eagle where there are 3+ 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.

Eagle Villas

405 Nogal Rd, Eagle, Colorado 81631

Golden Eagle El Housing

700 Broadway, Eagle, Colorado 81631

Seniors on Broadway

750 Broadway, Eagle, Colorado 81631

calendar_today Opened: Oct 18
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Eagle, Colorado
$43.92/hour
$29.50 (+205%) more than Colorado minimum wage and $36.67 (+506%) more than the Federal minimum wage.
Learn More About Eagle, Colorado Affordable Housing ↓

What HUD offices serve Eagle, 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) programs for Eagle, Colorado.

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

How many renters live in Eagle, Colorado?

The City of Eagle has 7,481 people living in 2,370 households.

There are 2,463 renters living in 765 renter households in this City. Renters make up 32.92 percent of the population living in Eagle.

What is the rental market like in Eagle, Colorado?

There are an estimated 2,526 housing units in the Eagle area. Of these, 808 units are rental homes, making up 32 percent of the housing market. For every renter household in Eagle, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Eagle?

The rental vacancy rate in Eagle is 5 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 Eagle for each bedroom size?

Occupied Rental Units by Size in Eagle
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 221 210 230 63
Occupied Rental Units by Size in Eagle

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

Among renter households in this market, 52 percent have housing cost burden. Further, 21 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 Eagle

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,572 to $3,088. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,572
One BR $1,765
Two BR $2,319
Three BR $2,809
Four BR $3,088
2024 Fair Market Rents in Eagle, Colorado

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

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
One BR 180 81 percent
Two BR 0 100 percent
Rental Units Below FMR in Eagle, Colorado

How many affordable rental units are in Eagle?

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

Federal Program Unit Count
Low Income Housing Tax Credit 134
USDA Section 515 Rural Rental Housing 36
Tracked Units by Federal Program in Eagle, Colorado

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

Income Based Apartments in Eagle, Colorado

Eagle features 36 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 Eagle, Colorado

There are 114 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Eagle.

Housing Choice Vouchers in Eagle, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Eagle, Colorado for a two-bedroom apartment is between $2,087 and $2,551.

Sourced from federal housing data and AffordableHousingOnline.com research.