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

Discover affordable housing in Thornton where there are 12+ 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.

Reserve at Thornton

9700 Welby Rd, Thornton, Colorado 80229

Rockview Terrace

388 E. 88th Ave., Thornton, Colorado 80229

Renaissance Apartments

388 E 88th Ave, Thornton, Colorado 80229

Larkridge Apartments

16105 Washington St, Thornton, Colorado 80023

Dawson Square Apartments

8670 Dawson St, Thornton, Colorado 80229

Creekside Place

9189 Gale Blvd, Thornton, Colorado 80260

Crossing Pointe North

4220 E 104th Ave, Thornton, Colorado 80233

Overlook at Thornton

647 W 91st Ave, Thornton, Colorado 80260

Village of Yorkshire

10370 Brendon Way, Thornton, Colorado 80229

Orchard Hill Apartments

1353 W 88th Ave, Thornton, Colorado 80260

Coronado Residences

1909 Coronado Pkwy N, Thornton, Colorado 80229

Dawson Square Apartments

8750 Dawson St, Thornton, Colorado 80229

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Thornton, 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 Thornton, Colorado Affordable Housing ↓

What HUD offices serve Thornton, 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, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV), Section 8 Project-Based Rental Assistance (PBRA), Family Unification Program (FUP) programs for Thornton, Colorado.
Operates the Section 8 Housing Choice Voucher (HCV), Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH) programs for Thornton, Colorado.

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

How many renters live in Thornton, Colorado?

The City of Thornton has 143,279 people living in 50,048 households.

There are 29,468 renters living in 11,783 renter households in this City. Renters make up 20.57 percent of the population living in Thornton.

What is the rental market like in Thornton, Colorado?

There are an estimated 49,779 housing units in the Thornton area. Of these, 13,692 units are rental homes, making up 28 percent of the housing market. For every renter household in Thornton, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Thornton?

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

Occupied Rental Units by Size in Thornton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
362 3,709 4,358 3,441 923
Occupied Rental Units by Size in Thornton

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

Among renter households in this market, 46 percent have housing cost burden. Further, 17 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 Thornton

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 Thornton, Colorado

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

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 154 43 percent
One BR 1,714 46 percent
Two BR 992 23 percent
Rental Units Below FMR in Thornton, Colorado

How many affordable rental units are in Thornton?

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

Federal Program Unit Count
Low Income Housing Tax Credit 1,677
Section 8 Project-Based Rental Assistance 251
Tracked Units by Federal Program in Thornton, Colorado

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

Income Based Apartments in Thornton, Colorado

Thornton features 476 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 Thornton, Colorado

There are 980 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Thornton.

Housing Choice Vouchers in Thornton, Colorado

On average, Section 8 Housing Choice vouchers pay Thornton landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Thornton.

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

Sourced from federal housing data and AffordableHousingOnline.com research.