Low Income Apartments and Affordable Housing For Rent in Otero County, CO

Discover affordable housing in Otero County where there are 15+ 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.

Prairieview Housing

Tbd, La Junta, Colorado 81050

Mountain View Housing

1702 Lincoln Ave, La Junta, Colorado 81050

Santa Fe Village

401 E 5th St, La Junta, Colorado 81050

Plaza Nueva Apartments

702 Sandia Dr, Rocky Ford, Colorado 81067

Lilac Circle

602 Lilac Cir, Fowler, Colorado 81039

Morningside Heights

1516 E 6th St, La Junta, Colorado 81050

Mckittrick Manor

806 Catalpa Ave, Rocky Ford, Colorado 81067

Arkva Group Home

701 Lincoln Ave, La Junta, Colorado 81050

Golden Maple Villa

212 Maple Ave, La Junta, Colorado 81050

La Junta

315 E 5th St, La Junta, Colorado 81050

College Overlook

1701 Lincoln Ave, La Junta, Colorado 81050

Otero Villas Apartments

1612 Carson Ave, La Junta, Colorado 81050

Nava Manor

965 Swink Ave, Rocky Ford, Colorado 81067

Manzanola Family

402 N Grand Ave, Manzanola, Colorado

El Valle Apartments

11101 County Road Ll, Manzanola, Colorado

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Otero County, Colorado
$19.26/hour
$4.84 (+34%) more than Colorado minimum wage and $12.01 (+166%) more than the Federal minimum wage.
Learn More About Otero County, Colorado Affordable Housing ↓

What HUD offices serve Otero County, 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 Otero County, Colorado.

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

How many renters live in Otero County, Colorado?

The County of Otero County has 18,580 people living in 7,594 households.

There are 5,863 renters living in 2,312 renter households in this County. Renters make up 31.56 percent of the population living in Otero County.

What is the rental market like in Otero County, Colorado?

There are an estimated 8,735 housing units in the Otero County area. Of these, 2,686 units are rental homes, making up 31 percent of the housing market. For every renter household in Otero County, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Otero County?

The rental vacancy rate in Otero County is 14 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Otero County for each bedroom size?

Occupied Rental Units by Size in Otero County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
83 471 778 527 374
Occupied Rental Units by Size in Otero County

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

Among renter households in this market, 43 percent have housing cost burden. Further, 21 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 Otero County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $769 to $1,726. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $769
One BR $774
Two BR $1,017
Three BR $1,370
Four BR $1,726
2024 Fair Market Rents in Otero County, Colorado

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

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 72 87 percent
One BR 390 83 percent
Two BR 490 63 percent
Rental Units Below FMR in Otero County, Colorado

How many affordable rental units are in Otero County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 66
Public Housing 86
Section 8 Project-Based Rental Assistance 260
Section 811 Supportive Housing for Persons with Disabilities 28
USDA Section 515 Rural Rental Housing 50
Tracked Units by Federal Program in Otero County, Colorado

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

Income Based Apartments in Otero County, Colorado

Otero County features 487 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 Otero County, Colorado

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Otero County.

Housing Choice Vouchers in Otero County, Colorado

On average, Section 8 Housing Choice vouchers pay Otero County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Otero County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Otero County, Colorado for a two-bedroom apartment is between $915 and $1,119.

Sourced from federal housing data and AffordableHousingOnline.com research.