Affordable Housing In Bent County
Colorado

4 Low Income Apartment Communities In Bent County

Guide To Affordable Housing in Bent County, Colorado

There are 4 low income housing apartment communities offering 58 affordable apartments for rent in Bent County, Colorado.

Income Based Apartments in Bent County, Colorado

Bent County features 23 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 Bent County, Colorado

There are 25 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bent County.

Housing Choice Vouchers in Bent County, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bent County, Colorado for a two-bedroom apartment is between $712 and $870.

2021 Bent County, 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
Bent County, Colorado Fair Market Rent	$652	$655	$791	$984	$1,073
Bent County, Colorado Payment Standard Range	$587 to $717	$590 to $721	$712 to $870	$886 to $1,082	$966 to $1,180

Sourced from federal housing data and AffordableHousingOnline.com research.

Bent County, CO Affordable Housing Snapshot

Total Affordable Apartment Properties	4
Total Low Income Apartments	58
Total Housing Units with Rental Assistance	23
Percentage of Housing Units Occupied By Renters	29.36%
Average Renter Household Size	2.40
Average Household Size	2.19
Median Household Income	$36,791 ±$5,397
Median Rent	$713 ±$156
Percentage Of Renters Overburdened	48.33% ± NANpp
Total Population	5,895

Population and Household Demographics

Bent County is a county in Colorado with a population of 5,895. There are 1,635 households in the county with an average household size of 2.19 persons. 29.36% of households in Bent County are renters.

Income and Rent Overburden in Bent County

The median gross income for households in Bent County is $36,791 a year, or $3,066 a month. The median rent for the county is $713 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bent County, a household making less than $2,377 a month would be considered overburdened when renting an apartment at or above the median rent. 48.33% of households who rent are overburdened in Bent County.

Area Median Income In Bent County

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.

In Bent County, HUD calculates the Area Median Income for a family of four as $43,400

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 Bent County

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 Bent County

	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 Bent County AMI may qualify for rental assistance programs that target Extremely Low Income households.	$14,950	$17,240	$21,720	$26,200	$30,680	$35,160	$39,640	$44,120
50% AMI Income Limits Renters earning up to 50% of the Bent County AMI may qualify for rental assistance programs that target Very Low Income households.	$24,850	$28,400	$31,950	$35,500	$38,350	$41,200	$44,050	$46,900
80% AMI Income Limits Renters earning up to 80% of the Bent County AMI may qualify for rental assistance programs that target Low Income households.	$39,800	$45,450	$51,150	$56,800	$61,350	$65,900	$70,450	$75,000