Low Income Apartments and Affordable Housing For Rent in Hailey, ID

Discover affordable housing in Hailey where there are 10+ 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.

Balmoral Apartments

851 Shenandoah Dr, Hailey, Idaho 83333

Snow Mountain

2011 Woodside Blvd, Hailey, Idaho 83333

Blaine Manor

706 S Main Street, Hailey, Idaho 83333

Summit Apartments

155 W Galena St, Hailey, Idaho 83333

Sunnyside I Apartments

620 Willow Dr, Hailey, Idaho 83333

Sunnyside Apartments II

1661 Woodside Blvd, Hailey, Idaho 83333

Baldy View Apartments

1771 Woodside Blvd, Hailey, Idaho 83333

Baldy View II Apartments

731 Red Ash Dr, Hailey, Idaho 83333

River Street Senior Hsg

731 N River St, Hailey, Idaho 83333

Valley View II Apartments

Porcupine Rd, Hailey, Idaho 83333

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hailey, Idaho
$25.85/hour
$18.60 (+257%) more than Idaho minimum wage and $18.60 (+257%) more than the Federal minimum wage.
Learn More About Hailey, Idaho Affordable Housing ↓

How many renters live in Hailey, Idaho?

The City of Hailey has 9,238 people living in 3,250 households.

There are 3,025 renters living in 1,120 renter households in this City. Renters make up 32.75 percent of the population living in Hailey.

What is the rental market like in Hailey, Idaho?

There are an estimated 3,809 housing units in the Hailey area. Of these, 1,120 units are rental homes, making up 29 percent of the housing market. For every renter household in Hailey, Idaho, there are 1 rental units.

What is the vacancy rate for rentals in Hailey?

The rental vacancy rate in Hailey is 0 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 Hailey for each bedroom size?

Occupied Rental Units by Size in Hailey
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
145 256 211 508 0
Occupied Rental Units by Size in Hailey

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

Among renter households in this market, 45 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 Hailey

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $925 to $1,837. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $925
One BR $1,039
Two BR $1,365
Three BR $1,830
Four BR $1,837
2024 Fair Market Rents in Hailey, Idaho

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

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 145 100 percent
One BR 245 96 percent
Two BR 142 67 percent
Rental Units Below FMR in Hailey, Idaho

How many affordable rental units are in Hailey?

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

Federal Program Unit Count
Low Income Housing Tax Credit 260
Section 8 Project-Based Rental Assistance 39
USDA Section 515 Rural Rental Housing 62
Tracked Units by Federal Program in Hailey, Idaho

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

Income Based Apartments in Hailey, Idaho

Hailey features 178 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 Hailey, Idaho

There are 231 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hailey.

Housing Choice Vouchers in Hailey, Idaho

On average, Section 8 Housing Choice vouchers pay Hailey landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Hailey.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hailey, Idaho for a two-bedroom apartment is between $1,229 and $1,502.

Sourced from federal housing data and AffordableHousingOnline.com research.