Low Income Apartments and Affordable Housing For Rent in Buena Vista, CO

Discover affordable housing in Buena Vista where there are 2+ 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.

Collegiate Commons

609 East Pine Street, Buena Vista, Colorado 81211

Sunrise Manor Apartments

301 Alsina St, Buena Vista, Colorado 81211

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Buena Vista, Colorado
$27.03/hour
$12.61 (+87%) more than Colorado minimum wage and $19.78 (+273%) more than the Federal minimum wage.
Learn More About Buena Vista, Colorado Affordable Housing ↓

What HUD offices serve Buena Vista, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher, Family Self-Sufficiency, Mainstream Voucher programs for Buena Vista, Colorado.

Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Buena Vista.

How many renters live in Buena Vista, Colorado?

The City of Buena Vista has 2,887 people living in 1,319 households.

There are 1,932 renters living in 805 renter households in this City. Renters make up 66.92 percent of the population living in Buena Vista.

What is the rental market like in Buena Vista, Colorado?

There are an estimated 1,544 housing units in the Buena Vista area. Of these, 805 units are rental homes, making up 52 percent of the housing market. For every renter household in Buena Vista, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Buena Vista?

The rental vacancy rate in Buena Vista 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 Buena Vista for each bedroom size?

Occupied Rental Units by Size in Buena Vista
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 234 16 406 149
Occupied Rental Units by Size in Buena Vista

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

Among renter households in this market, 62 percent have housing cost burden. Further, 32 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 Buena Vista

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,079 to $2,422. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,079
One BR $1,086
Two BR $1,427
Three BR $1,992
Four BR $2,422
2024 Fair Market Rents in Buena Vista, Colorado

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

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 173 74 percent
Two BR 0 100 percent
Rental Units Below FMR in Buena Vista, Colorado

How many affordable rental units are in Buena Vista?

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

Federal Program Unit Count
Low Income Housing Tax Credit 87
Section 8 Project-Based Rental Assistance 40
Tracked Units by Federal Program in Buena Vista, Colorado

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

Income Based Apartments in Buena Vista, Colorado

Buena Vista features 40 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 Buena Vista, Colorado

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Buena Vista.

Housing Choice Vouchers in Buena Vista, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Buena Vista, Colorado for a two-bedroom apartment is between $1,284 and $1,570.

Sourced from federal housing data and AffordableHousingOnline.com research.