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

Discover affordable housing in Teller County where there are 5+ 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.

Valley View Place Apartments

650 Hikers Way, Woodland Park, Colorado 80866

bed 1-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

120 Whalen Ave

120 Whalen Ave, Cripple Creek, Colorado 80813

bed 2
payment $1200/mo.

Hybrook Townhomes II

212 Hybrook Rd S, Divide, Colorado 80814

switch_access_shortcut Short Wait
accessibility Accessible

Burlwood Apartments

140 W Golden Avenue, Cripple Creek, Colorado

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Gold Camp Apartments

325 E Galena, Cripple Creek, Colorado 80813

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

How To Identify Affordable Housing in Teller County, Colorado

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Teller County, Colorado
$28.75/hour
$14.33 (+99%) more than Colorado minimum wage and $21.50 (+297%) more than the Federal minimum wage.
Learn More About Teller County, Colorado Affordable Housing ↓

What HUD offices serve Teller 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 Teller County, Colorado.

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

How many renters live in Teller County, Colorado?

The County of Teller County has people living in households.

There are renters living in renter households in this County. Renters make up 20.4 percent of the population living in Teller County.

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

There are an estimated housing units in the Teller County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Teller County, Colorado, there are 1.05 rental units.

What is the vacancy rate for rentals in Teller County?

The rental vacancy rate in Teller 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 Teller County for each bedroom size?

Occupied Rental Units by Size in Teller County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
68 249 804 923 147
Occupied Rental Units by Size in Teller County

A large number of apartments in Teller County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Teller County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,029 to $2,576. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,029
One BR $1,352
Two BR $1,518
Three BR $2,139
Four BR $2,576
2024 Fair Market Rents in Teller County, Colorado

How many units are rented at Fair Market Rent (FMR) in Teller 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 68 100 percent
One BR 171 69 percent
Two BR 561 70 percent
Rental Units Below FMR in Teller County, Colorado

How many affordable rental units are in Teller County?

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

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

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

Income Based Apartments in Teller County, Colorado

Teller County features 10 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 Teller County, Colorado

There are 78 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Teller County.

Housing Choice Vouchers in Teller County, Colorado

On average, Section 8 Housing Choice vouchers pay Teller County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Teller County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Teller County, Colorado for a two-bedroom apartment is between $1,366 and $1,670.

Sourced from federal housing data and AffordableHousingOnline.com research.

Email Signup
Don't Miss A Waiting List Opening