Castle Rock, Colorado Affordable Housing

Affordable Housing programs support 163 income based apartments in Castle Rock where households pay rent based on how much they earn.

There are 448 affordable apartments in Castle Rock that offer reduced rents to low-income households.

Waiting Lists in Castle Rock, Colorado

There are no open Section 8 Housing Choice Voucher waiting lists in Castle Rock. Go to the Colorado Section 8 Waiting Lists page for openings near Castle Rock.

Castle Creek Commons East

220 S Gilbert St
Castle Rock, Colorado
Rent Assisted

Reyn Rock Apartments

403 Perry St
Castle Rock, Colorado
Rent Assisted

The Pines at Castle Rock I

2220 Castlegate Dr N
Castle Rock, Colorado
Affordable

Reserve at Castle Highlands

1040 Highland Vista Ave
Castle Rock, Colorado
Affordable

Castle Rock I

446 S Gilbert St
Castle Rock, Colorado

Castle Rock II

446 S Gilbert Street
Castle Rock, Colorado
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Affordable Housing Near Castle Rock

View affordable apartments and waiting lists in cities near Castle Rock

City Apartments
Highlands Ranch, CO Affordable Housing programs support 1 apartment communities in Highlands Ranch.
Parker, CO Affordable Housing programs support 1 apartment communities in Parker.

Castle Rock, Colorado Affordable Housing Data

Income Based Apartments in Castle Rock, Colorado

Castle Rock features 163 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 Castle Rock, Colorado

There are 448 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Castle Rock.

Housing Choice Vouchers in Castle Rock, Colorado

On average, Section 8 Housing Choice vouchers pay Castle Rock landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Castle Rock.

The maximum amount a voucher would pay on behalf of a low-income tenant in Castle Rock, Colorado for a two-bedroom apartment is between $1,670 and $2,042.

2023 Castle Rock, 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
Castle Rock, Colorado Fair Market Rent $1,390 $1,538 $1,856 $2,449 $2,750
Castle Rock, Colorado Payment Standard Range $1,251 to $1,529 $1,384 to $1,692 $1,670 to $2,042 $2,204 to $2,694 $2,475 to $3,025

Sourced from federal housing data and AffordableHousingOnline.com research.

Castle Rock, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 611
Total Housing Units with Rental Assistance 163
Percentage of Housing Units Occupied By Renters 24.89%
Average Renter Household Size 2.40
Average Household Size 2.76
Median Household Income $88,294 ±$5,011
Median Rent $1,240 ±$62
Percentage Of Renters Overburdened 46.2% ± 6.63pp
Total Population 52,143

Population and Household Demographics

Castle Rock is a city in Douglas County, Colorado with a population of 52,143. There are 18,721 households in the city with an average household size of 2.76 persons. 24.89% of households in Castle Rock are renters.

Income and Rent Overburden in Castle Rock

The median gross income for households in Castle Rock is $88,294 a year, or $7,358 a month. The median rent for the city is $1,240 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Castle Rock, a household making less than $4,133 a month would be considered overburdened when renting an apartment at or above the median rent. 46.2% of households who rent are overburdened in Castle Rock.

Area Median Income In Castle Rock

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 Castle Rock, the AMI is calculated from all households within Douglas County.

In Castle Rock, HUD calculates the Area Median Income for a family of four as $117,800

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 Castle Rock

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 Castle Rock

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 Castle Rock AMI may qualify for rental assistance programs that target Extremely Low Income households.
$24,650 $28,150 $31,650 $35,150 $38,000 $40,800 $43,600 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Castle Rock AMI may qualify for rental assistance programs that target Very Low Income households.
$41,050 $46,900 $52,750 $58,600 $63,300 $68,000 $72,700 $77,400
80% AMI Income Limits
Renters earning up to 80% of the Castle Rock AMI may qualify for rental assistance programs that target Low Income households.
$62,600 $71,550 $80,500 $89,400 $96,600 $103,750 $110,900 $118,050