Low Income Apartments and Affordable Housing For Rent in Riverton, WY

Discover affordable housing in Riverton where there are 14+ 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.

College Hill II

615 Eagle Dr, Riverton, Wyoming 82501

College Hill Apartment

3002 College Hill Dr, Riverton, Wyoming 82501

Wolf Creek Apartments

702 Wolf Creek Drive, Riverton, Wyoming 82501

Rendezvous Apartments

901 E Sunset Dr, Riverton, Wyoming 82501

Owl Creek Apartments

2220 Rose Ln, Riverton, Wyoming 82501

Riverton Senior Housing

524 N 6th St E, Riverton, Wyoming 82501

Brookhaven

304 Spire Dr , Riverton, Wyoming 82501

Woodridge Apartments Homes

1302 Redwood Dr, Riverton, Wyoming 82501

Copper Mountain Apartments

614 Hill Street, Riverton, Wyoming 82501

Esterbrook Apartments

210 Major Ave, Riverton, Wyoming 82501

Community Entry Services

301 Summit Dr, Riverton, Wyoming 82501

Airport Project

3544 Cooper Rd, Riverton, Wyoming 82501

Beaver Creek

332 Great Plains Rd, Riverton, Wyoming 0

Beaver Creek III Subdivision

1 14 Mile S of Riverton Hwy 789, Riverton, Wyoming 82501

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Riverton, Wyoming
$19.39/hour
$12.14 (+168%) more than Wyoming minimum wage and $12.14 (+168%) more than the Federal minimum wage.
Learn More About Riverton, Wyoming Affordable Housing ↓

What HUD offices serve Riverton, Wyoming?

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 Riverton, Wyoming.

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

How many renters live in Riverton, Wyoming?

The City of Riverton has 10,733 people living in 4,124 households.

There are 3,830 renters living in 1,692 renter households in this City. Renters make up 35.68 percent of the population living in Riverton.

What is the rental market like in Riverton, Wyoming?

There are an estimated 4,637 housing units in the Riverton area. Of these, 1,751 units are rental homes, making up 38 percent of the housing market. For every renter household in Riverton, Wyoming, there are 1 rental units.

What is the vacancy rate for rentals in Riverton?

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

Occupied Rental Units by Size in Riverton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
9 482 679 393 122
Occupied Rental Units by Size in Riverton

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

Among renter households in this market, 35 percent have housing cost burden. Further, 14 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 Riverton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $774 to $1,559. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $774
One BR $779
Two BR $1,024
Three BR $1,434
Four BR $1,559
2024 Fair Market Rents in Riverton, Wyoming

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

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 0 100 percent
One BR 393 82 percent
Two BR 425 63 percent
Rental Units Below FMR in Riverton, Wyoming

How many affordable rental units are in Riverton?

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

Federal Program Unit Count
Low Income Housing Tax Credit 192
Section 8 Project-Based Rental Assistance 7
USDA Section 515 Rural Rental Housing 98
Tracked Units by Federal Program in Riverton, Wyoming

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

Income Based Apartments in Riverton, Wyoming

Riverton features 170 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 Riverton, Wyoming

There are 172 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Riverton.

Housing Choice Vouchers in Riverton, Wyoming

On average, Section 8 Housing Choice vouchers pay Riverton landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Riverton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Riverton, Wyoming for a two-bedroom apartment is between $922 and $1,126.

Sourced from federal housing data and AffordableHousingOnline.com research.