Low Income Apartments and Affordable Housing For Rent in Hot Springs County, WY

Discover affordable housing in Hot Springs County where there are 2+ 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.

Hot Springs Senior Apartments

105 N D Ave, Thermopolis, Wyoming 82443

Canyon Village Apartments

103 S D Ave, Thermopolis, Wyoming 82443

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

How many renters live in Hot Springs County, Wyoming?

The County of Hot Springs County has 4,616 people living in 2,105 households.

There are 1,180 renters living in 602 renter households in this County. Renters make up 25.56 percent of the population living in Hot Springs County.

What is the rental market like in Hot Springs County, Wyoming?

There are an estimated 2,552 housing units in the Hot Springs County area. Of these, 729 units are rental homes, making up 29 percent of the housing market. For every renter household in Hot Springs County, Wyoming, there are 1 rental units.

What is the vacancy rate for rentals in Hot Springs County?

The rental vacancy rate in Hot Springs County is 17 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 Hot Springs County for each bedroom size?

Occupied Rental Units by Size in Hot Springs County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
9 70 190 250 54
Occupied Rental Units by Size in Hot Springs County

A large number of apartments in Hot Springs County 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 Hot Springs County are overburdened by housing costs?

Among renter households in this market, 26 percent have housing cost burden. Further, 20 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 Hot Springs County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $684 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $684
One BR $689
Two BR $905
Three BR $1,275
Four BR $1,536
2024 Fair Market Rents in Hot Springs County, Wyoming

How many units are rented at Fair Market Rent (FMR) in Hot Springs 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 2 22 percent
One BR 55 79 percent
Two BR 157 83 percent
Rental Units Below FMR in Hot Springs County, Wyoming

How many affordable rental units are in Hot Springs County?

There are a variety of federal affordable housing programs serving households in Hot Springs County, Wyoming including the following:

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 59
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Hot Springs County, Wyoming

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

Income Based Apartments in Hot Springs County, Wyoming

Hot Springs County features 48 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 Hot Springs County, Wyoming

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

Housing Choice Vouchers in Hot Springs County, Wyoming

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.