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

Discover affordable housing in Sterling where there are 8+ 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.

Northeast Plaza

1212 Phelps St, Sterling, Colorado 80751

Maclaren House

435 Macgregor Rd, Sterling, Colorado 80751

Platte Valley Village

1331 Platte St, Sterling, Colorado 80751

Sterling Apartments

441 Macgregor Rd, Sterling, Colorado 80751

Whitcomb Apartments

1503 Fillmore St, Sterling, Colorado 80751

Centennial Mental Health Facility

1112 N 4th St, Sterling, Colorado 80751

Deer Run

730 4th St, Sterling, Colorado 80751

Sand Lily Assisted Care Facility

2000 Robin Rd, Sterling, Colorado 80751

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Sterling, Colorado
$21.46/hour
$7.04 (+49%) more than Colorado minimum wage and $14.21 (+196%) more than the Federal minimum wage.
Learn More About Sterling, Colorado Affordable Housing ↓

What HUD offices serve Sterling, 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 Public Housing programs for Sterling, Colorado.

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

How many renters live in Sterling, Colorado?

The City of Sterling has 13,466 people living in 5,041 households.

There are 3,864 renters living in 1,820 renter households in this City. Renters make up 28.69 percent of the population living in Sterling.

What is the rental market like in Sterling, Colorado?

There are an estimated 5,461 housing units in the Sterling area. Of these, 1,912 units are rental homes, making up 35 percent of the housing market. For every renter household in Sterling, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Sterling?

The rental vacancy rate in Sterling 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 Sterling for each bedroom size?

Occupied Rental Units by Size in Sterling
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
160 475 852 271 29
Occupied Rental Units by Size in Sterling

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

Among renter households in this market, 35 percent have housing cost burden. Further, 9 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 Sterling

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $789 to $1,718. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $789
One BR $862
Two BR $1,133
Three BR $1,597
Four BR $1,718
2024 Fair Market Rents in Sterling, Colorado

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

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 109 68 percent
One BR 270 57 percent
Two BR 550 65 percent
Rental Units Below FMR in Sterling, Colorado

How many affordable rental units are in Sterling?

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

Federal Program Unit Count
Low Income Housing Tax Credit 136
Public Housing 110
Section 8 Project-Based Rental Assistance 130
USDA Section 515 Rural Rental Housing 64
Tracked Units by Federal Program in Sterling, Colorado

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

Income Based Apartments in Sterling, Colorado

Sterling features 175 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 Sterling, Colorado

There are 167 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sterling.

Housing Choice Vouchers in Sterling, Colorado

On average, Section 8 Housing Choice vouchers pay Sterling landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Sterling.

The maximum amount a voucher would pay on behalf of a low-income tenant in Sterling, Colorado for a two-bedroom apartment is between $1,020 and $1,246.

Sourced from federal housing data and AffordableHousingOnline.com research.