Affordable Housing In Boulder
Boulder County, Colorado

29 Low Income Apartment Communities In Boulder

Canyon Pointe Apartments

700 Walnut St
Boulder, CO
Income Based
1 BR

Laguna Place Apartments

4480 Laguna Pl
Boulder, CO
Call For Rent
2 BR
HCV Welcome

Sage Court Apartments

2965 Valmont Rd
Boulder, CO
Call For Rent
1-2 BR
HCV Welcome

Broadway West Community

3120 Broadway St
Boulder, CO
3 BR
HCV Welcome

Fairways Apartments

5600 Arapahoe Ave
Boulder, CO
Call For Rent
1-2 BR
HCV Welcome

Dunn Memorial Housing

4805 Baseline Rd
Boulder, CO
Income Based
1 BR

Foothills Community

747 Cherry Ave
Boulder, CO
Call For Rent
1-3 BR
HCV Welcome

Broadway East Community

3110 Broadway St
Boulder, CO
Call For Rent
2-3 BR
HCV Welcome

Palo Park

3295 Palo Parkway
Boulder, CO
HCV Welcome

Red Oak Park

2637 Valmont Rd
Boulder, CO
HCV Welcome

Housing Authorities that serve Boulder

Housing Authority Programs
Boulder Housing Partners Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work
Boulder County Housing and Human Services Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Boulder

Housing Authority Programs
Louisville Housing Authority Public Housing
Center for People With Disabilities Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Boulder, Colorado

According to federal housing data and research, there are 29 low income housing apartment communities offering 1,738 affordable apartments for rent in Boulder, Colorado. Boulder features 642 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,082 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Boulder.

Boulder, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 29
Total Low Income Apartments 1,738
Total Housing Units with Rental Assistance 642
Percentage of Housing Units Occupied By Renters 52.21%
Average Renter Household Size 2.20
Average Household Size 2.24
Median Household Income $58,484 ±$2,316
Median Rent $1,243 ±$32
Percentage Of Renters Overburdened 59.08% ± 2.51pp
Total Population 103,919

Population and Household Demographics

Boulder is a City in Boulder County, Colorado with a population of 103,919. There are 42,165 households in the city with an average household size of 2.24 persons. 52.21% of households in Boulder are renters.

Income and Rent Overburden in Boulder

The median gross income for households in Boulder is $58,484 a year, or $4,874 a month. The median rent for the city is $1,243 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Boulder, a household making less than $4,143 a month would be considered overburdened when renting an apartment at or above the median rent. 59.08% of households who rent are overburdened in Boulder.1

Area Median Income In Boulder

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 Boulder, the AMI is calculated from all households within Boulder County.

In Boulder, HUD calculates the Area Median Income for a family of four as $113,600

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 Boulder

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 Boulder HUD Rental Assistance in Boulder

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $23,900 $27,300 $30,700 $34,100 $36,850 $39,600 $42,300 $45,050
50% of Median $39,800 $45,450 $51,150 $56,800 $61,350 $65,900 $70,450 $75,000
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Low Income Housing Tax Credits in Boulder

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1994 to 2011, 11 low income apartment communities containing 533 rental apartments have been constructed and made affordable to low income persons in Boulder by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Boulder

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $39,800 $45,450 $51,150 $56,800 $61,350 $65,900 $70,450 $75,000
60% of Median $47,760 $54,540 $61,380 $68,160 $73,620 $79,080 $84,540 $90,000

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Boulder is $61,380 a year, or $5,115 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $5,115 by 30% to get a maximum rent of $1,535 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $995 $1,066 $1,279 $1,477 $1,648 $1,818
60% $1,194 $1,279 $1,535 $1,772 $1,977 $2,182
Fair Market Rents in Boulder

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,273 $1,412 $1,717 $2,381 $2,686