Low Income Apartments and Affordable Housing For Rent in Colby, KS

Discover affordable housing in Colby where there are 4+ 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.

St. Thomas Historic Residences

200 S Range Ave, Colby, Kansas 67701

Colby House Lp

770 Dylan Dr, Colby, Kansas 67701

Sunflower Apt Colby

1170 S Franklin Ave, Colby, Kansas

South Park Apartments

400 S Franklin Ave, Colby, Kansas 67701

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Colby, Kansas
$16.70/hour
$9.45 (+130%) more than Kansas minimum wage and $9.45 (+130%) more than the Federal minimum wage.
Learn More About Colby, Kansas Affordable Housing ↓

What HUD offices serve Colby, Kansas?

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 Colby, Kansas.

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

How many renters live in Colby, Kansas?

The City of Colby has 5,403 people living in 2,118 households.

There are 1,287 renters living in 759 renter households in this City. Renters make up 23.82 percent of the population living in Colby.

What is the rental market like in Colby, Kansas?

There are an estimated 2,444 housing units in the Colby area. Of these, 899 units are rental homes, making up 37 percent of the housing market. For every renter household in Colby, Kansas, there are 1 rental units.

What is the vacancy rate for rentals in Colby?

The rental vacancy rate in Colby is 16 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Colby for each bedroom size?

Occupied Rental Units by Size in Colby
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 113 555 57 34
Occupied Rental Units by Size in Colby

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

Among renter households in this market, 44 percent have housing cost burden. Further, 22 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 Colby

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $633 to $1,244. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $633
One BR $671
Two BR $882
Three BR $1,066
Four BR $1,244
2024 Fair Market Rents in Colby, Kansas

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

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
One BR 63 56 percent
Two BR 435 78 percent
Rental Units Below FMR in Colby, Kansas

How many affordable rental units are in Colby?

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

Federal Program Unit Count
Low Income Housing Tax Credit 59
Public Housing 112
USDA Section 515 Rural Rental Housing 52
Tracked Units by Federal Program in Colby, Kansas

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

Income Based Apartments in Colby, Kansas

Colby features 164 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 Colby, Kansas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Colby.

Housing Choice Vouchers in Colby, Kansas

On average, Section 8 Housing Choice vouchers pay Colby landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Colby.

The maximum amount a voucher would pay on behalf of a low-income tenant in Colby, Kansas for a two-bedroom apartment is between $794 and $970.

Sourced from federal housing data and AffordableHousingOnline.com research.