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

Discover affordable housing in Craig 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.

Sunset Meadows II

595 Ledford St, Craig, Colorado 81625

Sunset Meadows I

633 Ledford St, Craig, Colorado 81625

Columbine Apartments

655 Wickes Ave, Craig, Colorado 81625

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 Craig, Colorado
$23.11/hour
$8.69 (+60%) more than Colorado minimum wage and $15.86 (+219%) more than the Federal minimum wage.
Learn More About Craig, Colorado Affordable Housing ↓

What HUD offices serve Craig, 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 Craig, Colorado.

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

How many renters live in Craig, Colorado?

The City of Craig has 9,013 people living in 3,806 households.

There are 3,036 renters living in 1,556 renter households in this City. Renters make up 33.68 percent of the population living in Craig.

What is the rental market like in Craig, Colorado?

There are an estimated 4,271 housing units in the Craig area. Of these, 1,703 units are rental homes, making up 40 percent of the housing market. For every renter household in Craig, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Craig?

The rental vacancy rate in Craig is 9 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 Craig for each bedroom size?

Occupied Rental Units by Size in Craig
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
19 349 531 590 67
Occupied Rental Units by Size in Craig

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

Among renter households in this market, 38 percent have housing cost burden. Further, 18 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 Craig

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $922 to $1,625. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $922
One BR $929
Two BR $1,220
Three BR $1,475
Four BR $1,625
2024 Fair Market Rents in Craig, Colorado

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

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 0 100 percent
One BR 220 63 percent
Two BR 394 74 percent
Rental Units Below FMR in Craig, Colorado

How many affordable rental units are in Craig?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 205
Tracked Units by Federal Program in Craig, Colorado

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

Income Based Apartments in Craig, Colorado

Craig features 208 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 Craig, Colorado

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

Housing Choice Vouchers in Craig, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Craig, Colorado for a two-bedroom apartment is between $1,098 and $1,342.

Sourced from federal housing data and AffordableHousingOnline.com research.