Low Income Apartments and Affordable Housing For Rent in El Paso County, CO

Discover affordable housing in El Paso County where there are 64+ 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.

Whitney Young Manor

2129 Delta Dr, Colorado Springs, Colorado 80910

Villas at Southgate

1810 S Corona Ave, Colorado Springs, Colorado 80905

Pikes Peak Properties

3609 Michigan Ave, Colorado Springs, Colorado 80910

Winfield Apartments

6118 Romley Point, Colorado Springs, Colorado 80922

Senior Heritage Plaza

1410 N Hancock Ave, Colorado Springs, Colorado 80903

Centennial Plaza

516 E Kiowa St, Colorado Springs, Colorado 80903

Kiowa I and II

444 E Kiowa St, Colorado Springs, Colorado 80903

Fountain Springs Apartments

4440 Fountain Springs Grv, Colorado Springs, Colorado 80916

Hatler-May Village

5688 North Union Boulevard, Colorado Springs, Colorado 80918

Garden Apartments

3360 Verde Dr, Colorado Springs, Colorado 80910

Village at Solid Rock

2510 Arlington Dr, Colorado Springs, Colorado 80910

Shooks Run Apartments

842 S Royer St, Colorado Springs, Colorado 80903

Bentley Commons

2715 Bentley Point, Colorado Springs, Colorado 80910

The Atrium at Austin Bluffs

4921 Templeton Gap Rd., Colorado Springs, Colorado 80923

Point of the Pines Gardens

330 Elkton Dr, Colorado Springs, Colorado 80907

The Ridge

4343 Timberview Point, Colorado Springs, Colorado 80906

Rosemont at Shadow Mountain

220 Shadow Ridge Grove, Colorado Springs, Colorado 80918

Colorado Springs Silvercrest II

824 Yuma St, Colorado Springs, Colorado 80909

Payne Chapel Housing

1001 S Institute St, Colorado Springs, Colorado 80903

Village at the Bluffs

3495 American Dr, Colorado Springs, Colorado 80917

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In El Paso County, Colorado
$32.84/hour
$18.42 (+128%) more than Colorado minimum wage and $25.59 (+353%) more than the Federal minimum wage.
Learn More About El Paso County, Colorado Affordable Housing ↓

How many renters live in El Paso County, Colorado?

The County of El Paso County has 740,567 people living in 293,070 households.

There are 231,709 renters living in 104,248 renter households in this County. Renters make up 31.29 percent of the population living in El Paso County.

What is the rental market like in El Paso County, Colorado?

There are an estimated 304,249 housing units in the El Paso County area. Of these, 107,592 units are rental homes, making up 35 percent of the housing market. For every renter household in El Paso County, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in El Paso County?

The rental vacancy rate in El Paso County 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 El Paso County for each bedroom size?

Occupied Rental Units by Size in El Paso County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
5,308 22,627 38,622 22,379 10,814
Occupied Rental Units by Size in El Paso County

A large number of apartments in El Paso County 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 El Paso County are overburdened by housing costs?

Among renter households in this market, 52 percent have housing cost burden. Further, 25 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 El Paso County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,190 to $2,875. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,190
One BR $1,408
Two BR $1,734
Three BR $2,444
Four BR $2,875
2024 Fair Market Rents in El Paso County, Colorado

How many units are rented at Fair Market Rent (FMR) in El Paso County?

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 2,756 52 percent
One BR 13,585 60 percent
Two BR 18,494 48 percent
Rental Units Below FMR in El Paso County, Colorado

How many affordable rental units are in El Paso County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 3,801
Public Housing 742
Section 8 Project-Based Rental Assistance 894
Mod Rehab Project-Based Rental Assistance 37
Section 202 Supportive Housing for the Elderly 150
USDA Section 515 Rural Rental Housing 96
Tracked Units by Federal Program in El Paso County, Colorado

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

Income Based Apartments in El Paso County, Colorado

El Paso County features 1,669 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 El Paso County, Colorado

There are 3,331 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in El Paso County.

Housing Choice Vouchers in El Paso County, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in El Paso County, Colorado for a two-bedroom apartment is between $1,561 and $1,907.

Sourced from federal housing data and AffordableHousingOnline.com research.