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

Discover affordable housing in Park County 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.

Treeline Village

210 Chisholm Way, Alma, Colorado 80420

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Park County, Colorado
$41.69/hour
$27.27 (+189%) more than Colorado minimum wage and $34.44 (+475%) more than the Federal minimum wage.
Learn More About Park County, Colorado Affordable Housing ↓

What HUD offices serve Park County, 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), Homeownership Voucher, Family Self-Sufficiency, Mainstream Voucher programs for Park County, Colorado.

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

How many renters live in Park County, Colorado?

The County of Park County has 17,597 people living in 7,688 households.

There are 1,739 renters living in 825 renter households in this County. Renters make up 9.88 percent of the population living in Park County.

What is the rental market like in Park County, Colorado?

There are an estimated 14,198 housing units in the Park County area. Of these, 842 units are rental homes, making up 6 percent of the housing market. For every renter household in Park County, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Park County?

The rental vacancy rate in Park County is 1 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 Park County for each bedroom size?

Occupied Rental Units by Size in Park County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
17 122 308 267 51
Occupied Rental Units by Size in Park County

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

Among renter households in this market, 37 percent have housing cost burden. Further, 26 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 Park County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,658 to $3,225. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,658
One BR $1,835
Two BR $2,201
Three BR $2,874
Four BR $3,225
2024 Fair Market Rents in Park County, Colorado

How many units are rented at Fair Market Rent (FMR) in Park 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 17 100 percent
One BR 56 46 percent
Two BR 67 22 percent
Rental Units Below FMR in Park County, Colorado

How many affordable rental units are in Park County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 13
Tracked Units by Federal Program in Park County, Colorado

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

Income Based Apartments in Park County, Colorado

Park County features 0 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 Park County, Colorado

There are 14 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Park County.

Housing Choice Vouchers in Park County, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Park County, Colorado for a two-bedroom apartment is between $1,981 and $2,421.

Sourced from federal housing data and AffordableHousingOnline.com research.