Low Income Apartments and Affordable Housing For Rent in Price, UT

Discover affordable housing in Price 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.

Woodside Apartments

635 E 300 S Apt 1 , Price, Utah 84501

Eastwood Senior Apartments Wedgewood II

1481 E 150 S, Price, Utah 84501

Friendship Center

496 N 100 E, Price, Utah 84501

Wedgewood Villa

530 W 200 S, Price, Utah 84501

Castle Country Apartments

275 S. 1600 E., Price, Utah 84501

Carbon County

251 S 1600 E, Price, Utah 84501

Roscrea Apartments

1680 E 300 S, Price, Utah 84501

Newhouse and Avalon Apartments

176 S Highway 55, Price, Utah 84501

Open Until Further Notice

Reported On February 23rd, 2024 by Robin Lovelace

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Price, Utah
$17.14/hour
$9.89 (+136%) more than Utah minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Price, Utah Affordable Housing ↓

What HUD offices serve Price, Utah?

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 programs for Price, Utah.

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

How many renters live in Price, Utah?

The City of Price has 8,174 people living in 3,242 households.

There are 2,689 renters living in 1,293 renter households in this City. Renters make up 32.9 percent of the population living in Price.

What is the rental market like in Price, Utah?

There are an estimated 3,618 housing units in the Price area. Of these, 1,496 units are rental homes, making up 41 percent of the housing market. For every renter household in Price, Utah, there are 1 rental units.

What is the vacancy rate for rentals in Price?

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

Occupied Rental Units by Size in Price
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
32 287 420 473 41
Occupied Rental Units by Size in Price

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

Among renter households in this market, 51 percent have housing cost burden. Further, 26 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 Price

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $742
Two BR $905
Three BR $1,125
Four BR $1,536
2024 Fair Market Rents in Price, Utah

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

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 19 59 percent
One BR 220 77 percent
Two BR 223 53 percent
Rental Units Below FMR in Price, Utah

How many affordable rental units are in Price?

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

Federal Program Unit Count
Low Income Housing Tax Credit 241
Public Housing 101
Section 8 Project-Based Rental Assistance 72
Section 202 Supportive Housing for the Elderly 33
USDA Section 515 Rural Rental Housing 122
Tracked Units by Federal Program in Price, Utah

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

Income Based Apartments in Price, Utah

Price features 287 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 Price, Utah

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Price.

Housing Choice Vouchers in Price, Utah

On average, Section 8 Housing Choice vouchers pay Price landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Price.

The maximum amount a voucher would pay on behalf of a low-income tenant in Price, Utah for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.