Colorado Springs a city in El Paso County, Colorado

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About Affordable Housing In Colorado Springs

There are 49 low income housing apartment complexes which contain 5,686 subsidized apartments for rent in Colorado Springs, Colorado. Many of these rental apartments are income based housing with about 1,558 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 517 Project-Based Section 8 subsidized apartments in Colorado Springs. There are 2,280 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Fair Market Rents are used to establish the payment standards for the Section 8 Housing Choice Voucher Program. In Colorado Springs, the fair market rents range from $603 to $1,674. To learn more about rents for low income apartments in Colorado Springs read the Fair Market Rents section of the Understanding Affordable Housing in Colorado Springs guide.

To qualify for low income housing in Colorado Springs a family of four would generally have to earn less than $36,800. For more detailed income qualification information for affordable apartments in Colorado Springs read the Income section of the Understanding Affordable Housing in Colorado Springs guide.

Housing Authorities that Serve Colorado Springs

The HUD funded Public Housing Agencies that serve Colorado Springs are the Colorado Springs Housing Authority and El Paso County Housing Authority.

  • The Colorado Springs Housing Authority Housing Choice Voucher Waiting List is Closed.
  • The Colorado Springs Housing Authority Public Housing Waiting List is Closed.

The Colorado Springs Housing Authority offers 3 Public Housing complexes containing 707 HUD apartments. The rent at these subsidized apartments are always income based. To find a public housing unit, look for the tag in the apartment list below.

Housing Authorities located in Colorado Springs

The HUD funded Public Housing Agency that are located in, but may not directly serve, Colorado Springs is the Manitou Springs Housing Authority.

Affordable Apartments in Colorado Springs

4274 Sanders View
Bellaire Ranch is a low income housing apartment community that provides 1-3 bedroom apartments for rent in Colorado Springs. Rents at Bellaire Ranch are $740-1,092.
3140 Mallard Drive
Laurel Gardens is a 51 unit low income housing apartment community in Colorado Springs.
Apartments in this community are not rent subsidized. However, this apartment community has rents considered affordable for low income families in Colorado Springs.
HOME
444 E Kiowa St
Kiowa I and II is a 10 unit low income housing apartment community in Colorado Springs.
220 Shadow Ridge Grove
Rosemont at Shadow Mountain is a 144 unit low income housing apartment community in Colorado Springs.
Apartments in this community are not rent subsidized. However, this apartment community has rents considered affordable for low income families in Colorado Springs.
Low Income Housing Tax Credit
610 S Union Blvd
Lakeview Apartments is a 62 unit low income housing apartment community in Colorado Springs.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Project-Based Section 8 Project Based Rental Assistance

Housing Authorities that serve Colorado Springs

The Colorado Springs Housing Authority is a Section 8 and Public Housing public housing agency in Colorado Springs, Colorado.

The El Paso County Housing Authority is a Section 8 public housing agency in Colorado Springs, Colorado.

Other Housing Authorities located in Colorado Springs

The Manitou Springs Housing Authority is a Section 8 public housing agency in Colorado Springs, Colorado.

Understanding Affordable Housing in Colorado Springs, Colorado

Colorado Springs, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 49
Total Low Income Apartments 5,686
Total Rent Assisted Apartments 1,558
Percentage of Housing Units Occupied By Renters 39.89%
Average Renter Household Size 2.17
Total Population 416,427
Housing Units 167,788
Average Household Size 2.38
Median Household Income $54,228 ±$790
Median Rent $888 ±$11
Percentage Of Renters Overburdened 48.62% ± 1.63pp

Population and Household Demographics

Colorado Springs is a City in El Paso County, Colorado with a population of 416,427. There are 167,788 households in the city with an average household size of 2.38 persons. 39.89% of households in Colorado Springs are renters.

Income and Rent Overburden in Colorado Springs

The median gross income for households in Colorado Springs is $54,228 a year, or $4,519 a month. The median rent for the city is $888 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Colorado Springs, a household making less than $2,960 a month would be considered overburdened when renting an apartment at or above the median rent. 48.62% of households who rent are overburdened in Colorado Springs.1

Data derived from 2010 Census and 2014 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 1.63 percentage points.

Area Median Income In Colorado Springs

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 Colorado Springs, the AMI is calculated from all households within El Paso County.

In Colorado Springs, HUD calculates the Area Median Income for a family of four as $73,600

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 Colorado Springs

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.

Colorado Springs Rental Assistance Income Limits
AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,500 $17,700 $20,420 $24,600 $28,780 $32,960 $37,140 $41,320
50% $25,800 $29,450 $33,150 $36,800 $39,750 $42,700 $45,650 $48,600
80% $41,250 $47,150 $53,050 $58,900 $63,650 $68,350 $73,050 $77,750

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in Colorado Springs

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1995 to 2011, 18 low income apartment communities containing 1,903 rental apartments have been constructed and made affordable to low income persons in Colorado Springs by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Colorado Springs by looking for the tag in the apartment list above. View Apartments.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Colorado Springs Low Income Housing Tax Credit Income Limits
AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $25,800 $29,450 $33,150 $36,800 $39,750 $42,700 $45,650 $48,600
60% $30,960 $35,340 $39,780 $44,160 $47,700 $51,240 $54,780 $58,320

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Colorado Springs is $39,780 a year, or $3,315 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,315 by 30% to get a maximum rent of $995 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 2 Bed 3 Bed 4 Bed 1 Bed 5 Bed
50% $645 $691 $829 $957 $1,068 $1,178
60% $774 $829 $995 $1,148 $1,281 $1,414
Fair Market Rents in Colorado Springs

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance. Colorado Springs has Small Area FMRs, meaning HUD has designated localized payment standards for zip codes within the Colorado Springs, CO metropolitan area.

2017 Colorado Springs, CO Metropolitan Area Fair Market Rents
Zip Studio One BR Two BR Three BR Four BR
80106 $980 $1,200 $1,540 $2,240 $2,680
80132 $900 $1,100 $1,420 $2,070 $2,500
80133 $600 $740 $950 $1,380 $1,670
80135 $580 $710 $920 $1,340 $1,620
80808 $630 $780 $1,000 $1,460 $1,760
80809 $750 $920 $1,190 $1,730 $2,100
80813 $620 $750 $970 $1,410 $1,710
80814 $600 $740 $950 $1,380 $1,670
80816 $610 $750 $960 $1,400 $1,680
80817 $740 $910 $1,170 $1,700 $2,060
80819 $540 $660 $850 $1,240 $1,500
80827 $830 $1,010 $1,290 $1,880 $2,200
80829 $490 $600 $780 $1,140 $1,370
80831 $900 $1,100 $1,420 $2,070 $2,500
80832 $640 $780 $1,000 $1,460 $1,750
80833 $480 $590 $760 $1,110 $1,330
80835 $600 $730 $940 $1,370 $1,660
80840 $860 $1,050 $1,350 $1,970 $2,380
80841 $600 $730 $940 $1,370 $1,660
80860 $480 $590 $760 $1,110 $1,340
80863 $570 $700 $900 $1,310 $1,590
80864 $670 $820 $1,060 $1,540 $1,870
80866 $580 $710 $920 $1,340 $1,620
80901 $600 $730 $940 $1,370 $1,660
80902 $790 $960 $1,240 $1,810 $2,180
80903 $480 $580 $750 $1,090 $1,320
80904 $500 $610 $790 $1,150 $1,390
80905 $480 $590 $760 $1,110 $1,340
80906 $620 $760 $980 $1,430 $1,730
80907 $490 $600 $770 $1,120 $1,360
80908 $900 $1,100 $1,420 $2,070 $2,500
80909 $450 $550 $710 $1,030 $1,250
80910 $460 $560 $720 $1,050 $1,270
80911 $700 $850 $1,100 $1,600 $1,940
80913 $860 $1,050 $1,350 $1,970 $2,380
80914 $600 $730 $940 $1,370 $1,660
80915 $590 $720 $930 $1,350 $1,640
80916 $600 $740 $950 $1,380 $1,670
80917 $510 $630 $810 $1,180 $1,430
80918 $610 $740 $960 $1,400 $1,690
80919 $620 $760 $980 $1,430 $1,730
80920 $770 $950 $1,220 $1,780 $2,150
80921 $770 $940 $1,210 $1,760 $2,130
80922 $880 $1,070 $1,380 $2,010 $2,430
80923 $860 $1,050 $1,350 $1,970 $2,380
80924 $900 $1,100 $1,420 $2,070 $2,500
80925 $900 $1,100 $1,420 $2,070 $2,500
80926 $600 $730 $940 $1,370 $1,660
80927 $600 $730 $940 $1,370 $1,660
80928 $800 $980 $1,260 $1,830 $2,220
80929 $600 $730 $940 $1,370 $1,660
80930 $810 $980 $1,270 $1,850 $2,240
80931 $600 $730 $940 $1,370 $1,660
80932 $600 $730 $940 $1,370 $1,660
80933 $600 $730 $940 $1,370 $1,660
80934 $600 $730 $940 $1,370 $1,660
80935 $600 $730 $940 $1,370 $1,660
80936 $600 $730 $940 $1,370 $1,660
80937 $600 $730 $940 $1,370 $1,660
80938 $600 $730 $940 $1,370 $1,660
80939 $600 $730 $940 $1,370 $1,660
80949 $600 $730 $940 $1,370 $1,660
80951 $900 $1,100 $1,420 $2,070 $2,500
80960 $600 $730 $940 $1,370 $1,660
80962 $600 $730 $940 $1,370 $1,660
80970 $600 $730 $940 $1,370 $1,660
81008 $790 $800 $1,060 $1,520 $1,730