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Affordable Housing In Boulder
Boulder County, Colorado

29 Low Income Apartment Communities In Boulder

Canyon Pointe Apartments

700 Walnut St
Boulder, Colorado
Income Based
1 BR

Laguna Place Apartments

4480 Laguna Place
Boulder, Colorado
Call For Rent
2 BR

Sage Court Apartments

2965 Valmont Rd
Boulder, Colorado
Call For Rent
1-2 BR

Broadway West Community

3120 Broadway St
Boulder, Colorado
3 BR

Fairways Apartments

5600 Arapahoe Ave
Boulder, Colorado
Call For Rent
1-2 BR

Dunn Memorial Housing

4805 Baseline Rd
Boulder, Colorado
Income Based
1 BR

Foothills Community

747 Cherry Ave
Boulder, Colorado
Call For Rent
1-3 BR

Broadway East Community

3110 Broadway St
Boulder, Colorado
Call For Rent
2-3 BR

Palo Park

3295 Palo Parkway
Boulder, Colorado

Red Oak Park

2637 Valmont Rd
Boulder, Colorado

Housing Authorities that serve Boulder

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

Guide To Affordable Housing in Boulder, Colorado

There are 29 low income housing apartment communities offering 1,738 affordable apartments for rent in Boulder, Colorado.

Income Based Apartments in Boulder, Colorado

Boulder features 642 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 Boulder, Colorado

There are 1,082 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boulder.

Housing Choice Vouchers in Boulder, Colorado

On average, Section 8 Housing Choice vouchers pay Boulder landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Boulder.

The maximum amount a voucher would pay on behalf of a low-income tenant in Boulder, Colorado for a two-bedroom apartment is between $1,552 and $1,896.

2021 Boulder, 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
Fair Market Rent $1,279 $1,428 $1,724 $2,360 $2,721
Payment Standard Range $1,151 to $1,407 $1,285 to $1,571 $1,552 to $1,896 $2,124 to $2,596 $2,449 to $2,993

Sourced from federal housing data and research.

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.

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 $115,100

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 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 $24,200 $27,650 $31,100 $34,550 $37,350 $40,100 $42,850 $45,650
50% of Median $40,300 $46,050 $51,800 $57,550 $62,200 $66,800 $71,400 $76,000
80% of Median $56,100 $64,100 $72,100 $80,100 $86,550 $92,950 $99,350 $105,750