Aspen, Colorado Affordable Housing

Affordable Housing programs support 0 income based apartments in Aspen where households pay rent based on how much they earn.

There are 265 affordable apartments in Aspen that offer reduced rents to low-income households.

Waiting Lists in Aspen, Colorado

There is one Section 8 Housing Choice Voucher waiting list open in Aspen.

  • is currently open for new Section 8 applications.

Go to the Colorado Section 8 Waiting Lists page for more openings near Aspen.

Truscott Phase II Housing

10 Truscott Pl
Aspen, Colorado

Aspen Affordable Housing

488 Castle Creek Road
Aspen, Colorado

Maroon Creek Apartments

100 Stage Ct
Aspen, Colorado

Aspen Country Inn

38996 Highway 82
Aspen, Colorado

RiverBrook Apartments

NW of S. Aspen and W. Shreveport
Aspen, Colorado
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Public Housing Agencies Serving Aspen, Colorado

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.

Housing Authority Programs
Garfield County Housing Authority Section 8 Housing Choice Voucher (HCV)
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Aspen.

Aspen, Colorado Affordable Housing Data

Income Based Apartments in Aspen, Colorado

Aspen features 0 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 Aspen, Colorado

There are 265 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Aspen.

Housing Choice Vouchers in Aspen, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Aspen, Colorado for a two-bedroom apartment is between $1,719 and $2,101.

2023 Aspen, Colorado Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Aspen, Colorado Fair Market Rent $1,366 $1,590 $1,910 $2,325 $3,179
Aspen, Colorado Payment Standard Range $1,229 to $1,503 $1,431 to $1,749 $1,719 to $2,101 $2,093 to $2,558 $2,861 to $3,497

Sourced from federal housing data and research.

Aspen, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 265
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 37.84%
Average Renter Household Size 1.97
Average Household Size 2.03
Median Household Income $67,164 ±$10,152
Median Rent $1,157 ±$161
Percentage Of Renters Overburdened 37.83% ± 11.4pp
Total Population 6,740

Population and Household Demographics

Aspen is a city in Pitkin County, Colorado with a population of 6,740. There are 3,269 households in the city with an average household size of 2.03 persons. 37.84% of households in Aspen are renters.

Income and Rent Overburden in Aspen

The median gross income for households in Aspen is $67,164 a year, or $5,597 a month. The median rent for the city is $1,157 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Aspen, a household making less than $3,857 a month would be considered overburdened when renting an apartment at or above the median rent. 37.83% of households who rent are overburdened in Aspen.

Area Median Income In Aspen

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Aspen, the AMI is calculated from all households within Pitkin County.

In Aspen, HUD calculates the Area Median Income for a family of four as $108,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Aspen

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Aspen

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Aspen AMI may qualify for rental assistance programs that target Extremely Low Income households.
$22,700 $25,950 $29,200 $32,400 $35,000 $37,600 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Aspen AMI may qualify for rental assistance programs that target Very Low Income households.
$37,800 $43,200 $48,600 $54,000 $58,350 $62,650 $67,000 $71,300
80% AMI Income Limits
Renters earning up to 80% of the Aspen AMI may qualify for rental assistance programs that target Low Income households.
$60,500 $69,150 $77,800 $86,400 $93,350 $100,250 $107,150 $114,050