Low Income Apartments and Affordable Housing For Rent in Carbondale, CO

Discover affordable housing in Carbondale where there are 3+ 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.

Red Hill Lofts

2655 Dolores Way, Carbondale, Colorado

Crystal Meadows II

1250 Hendrick Dr, Carbondale, Colorado 81623

Villas De Santa Lucia

302 Meadowood Dr, Carbondale, Colorado 81623

calendar_today Opened: Oct 18
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Carbondale, Colorado
$29.11/hour
$14.69 (+102%) more than Colorado minimum wage and $21.86 (+302%) more than the Federal minimum wage.
Learn More About Carbondale, Colorado Affordable Housing ↓

What HUD offices serve Carbondale, 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) programs for Carbondale, Colorado.

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

How many renters live in Carbondale, Colorado?

The City of Carbondale has 6,497 people living in 2,780 households.

There are 2,234 renters living in 1,022 renter households in this City. Renters make up 34.39 percent of the population living in Carbondale.

What is the rental market like in Carbondale, Colorado?

There are an estimated 2,965 housing units in the Carbondale area. Of these, 1,022 units are rental homes, making up 34 percent of the housing market. For every renter household in Carbondale, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Carbondale?

The rental vacancy rate in Carbondale 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 Carbondale for each bedroom size?

Occupied Rental Units by Size in Carbondale
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
76 251 372 203 120
Occupied Rental Units by Size in Carbondale

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

Among renter households in this market, 48 percent have housing cost burden. Further, 22 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 Carbondale

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,162 to $2,438. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,162
One BR $1,170
Two BR $1,537
Three BR $2,166
Four BR $2,438
2024 Fair Market Rents in Carbondale, Colorado

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

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
Studio 34 45 percent
One BR 129 51 percent
Two BR 22 6 percent
Rental Units Below FMR in Carbondale, Colorado

How many affordable rental units are in Carbondale?

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

Federal Program Unit Count
Low Income Housing Tax Credit 60
Section 202 Supportive Housing for the Elderly 61
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Carbondale, Colorado

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

Income Based Apartments in Carbondale, Colorado

Carbondale features 46 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 Carbondale, Colorado

There are 61 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Carbondale.

Housing Choice Vouchers in Carbondale, Colorado

On average, Section 8 Housing Choice vouchers pay Carbondale landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Carbondale.

The maximum amount a voucher would pay on behalf of a low-income tenant in Carbondale, Colorado for a two-bedroom apartment is between $1,383 and $1,691.

Sourced from federal housing data and AffordableHousingOnline.com research.