Low Income Apartments and Affordable Housing For Rent in Aguilar, CO

Discover affordable housing in Aguilar where there are 1+ 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.

Aguilar

301 W Main St, Aguilar, Colorado 81020

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Aguilar, Colorado
$22.27/hour
$7.85 (+54%) more than Colorado minimum wage and $15.02 (+207%) more than the Federal minimum wage.
Learn More About Aguilar, Colorado Affordable Housing ↓

How many renters live in Aguilar, Colorado?

The City of Aguilar has 456 people living in 273 households.

There are 118 renters living in 68 renter households in this City. Renters make up 25.88 percent of the population living in Aguilar.

What is the rental market like in Aguilar, Colorado?

There are an estimated 350 housing units in the Aguilar area. Of these, 68 units are rental homes, making up 19 percent of the housing market. For every renter household in Aguilar, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Aguilar?

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

Occupied Rental Units by Size in Aguilar
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 19 26 14 0
Occupied Rental Units by Size in Aguilar

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

Among renter households in this market, 50 percent have housing cost burden. Further, 0 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 Aguilar

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $797 to $1,571. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $797
One BR $895
Two BR $1,176
Three BR $1,451
Four BR $1,571
2024 Fair Market Rents in Aguilar, Colorado

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

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 11 58 percent
Two BR 19 73 percent
Rental Units Below FMR in Aguilar, Colorado

How many affordable rental units are in Aguilar?

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

Federal Program Unit Count
Public Housing 18
Tracked Units by Federal Program in Aguilar, Colorado

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

Income Based Apartments in Aguilar, Colorado

Aguilar features 18 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 Aguilar, Colorado

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

Housing Choice Vouchers in Aguilar, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Aguilar, Colorado for a two-bedroom apartment is between $1,058 and $1,294.

Sourced from federal housing data and AffordableHousingOnline.com research.