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

Discover affordable housing in Louisville where there are 6+ 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.

Kestrel

245 North 96th Street, Louisville, Colorado 80027

Regal Square

255 Regal St, Louisville, Colorado 80027

Louisville

502 W South Boulder Rd, Louisville, Colorado 80027

Sunnyside Place

401 East St, Louisville, Colorado 80027

Lydia Morgan Elderly.

1450 Lincoln Ave, Louisville, Colorado 80027

Meadow Ridge Apartments

855 W Dillon Rd, Louisville, Colorado 80027

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Louisville, Colorado
$41.99/hour
$27.57 (+191%) more than Colorado minimum wage and $34.74 (+479%) more than the Federal minimum wage.
Learn More About Louisville, Colorado Affordable Housing ↓

What HUD offices serve Louisville, 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), Public Housing, Moving to Work programs for Louisville, Colorado.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Louisville, Colorado.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Louisville, Colorado.

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

How many renters live in Louisville, Colorado?

The City of Louisville has 20,920 people living in 8,067 households.

There are 4,900 renters living in 2,440 renter households in this City. Renters make up 23.42 percent of the population living in Louisville.

What is the rental market like in Louisville, Colorado?

There are an estimated 8,306 housing units in the Louisville area. Of these, 2,622 units are rental homes, making up 32 percent of the housing market. For every renter household in Louisville, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Louisville?

The rental vacancy rate in Louisville is 7 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 Louisville for each bedroom size?

Occupied Rental Units by Size in Louisville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
106 836 793 455 237
Occupied Rental Units by Size in Louisville

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

Among renter households in this market, 40 percent have housing cost burden. Further, 23 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 Louisville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,585 to $3,394. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,585
One BR $1,823
Two BR $2,217
Three BR $2,898
Four BR $3,394
2024 Fair Market Rents in Louisville, Colorado

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

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 29 27 percent
One BR 304 36 percent
Two BR 72 9 percent
Rental Units Below FMR in Louisville, Colorado

How many affordable rental units are in Louisville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 427
Section 8 Project-Based Rental Assistance 30
Tracked Units by Federal Program in Louisville, Colorado

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

Income Based Apartments in Louisville, Colorado

Louisville features 43 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 Louisville, Colorado

There are 427 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Louisville.

Housing Choice Vouchers in Louisville, Colorado

On average, Section 8 Housing Choice vouchers pay Louisville landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Louisville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Louisville, Colorado for a two-bedroom apartment is between $1,995 and $2,439.

Sourced from federal housing data and AffordableHousingOnline.com research.