Affordable Housing In Denver
Denver County, Colorado

266 Low Income Apartment Communities In Denver

Arroyo Village

1299 Knox Court
Denver, CO
$843-1,168
1-3 BR
HCV Welcome

Grand Lowry Lofts

200 Rampart Way Suite 100
Denver, CO
$907-1,844
1-2 BR
HCV Welcome

Franconia Apartments

930 Downing St
Denver, CO
Income Based
Studio-1 BR
62+
Accessible
Subsidized

Hidden Brook Apartments

1313, 1350 & 1370 Xenia St
Denver, CO
$550-1,000
Studio-2 BR
HCV Welcome

Carolton Arms

23rd Ave & Clarkson St
Denver, CO
$546-1,169
1-3 BR
HCV Welcome

Decatur Place

1155 Decatur St
Denver, CO
Income Based
2-3 BR
Subsidized

Lincoln Terrace

25 E 5th Ave
Denver, CO
Income Based
1-2 BR
HCV Welcome

Denver Gardens Apartments

6801 E Mississippi Ave
Denver, CO
Income Based
1 BR
62+
Subsidized

Olin Hotel Apartments

1420 Logan St
Denver, CO
Call For Rent
Studio-1 BR
62+
HCV Welcome
Subsidized

The Gardens of Hope Communities

4919 E Thrill Place
Denver, CO
$950-975
2 BR
HCV Welcome

There are 266 low income housing apartment complexes which contain 22,221 affordable apartments for rent in Denver. Many of these rental apartments are income based housing with 10,871 apartments that set rent based on your income. In Denver, HUD housing programs support 5,186 rental assistance apartments through programs like Project-based Section 8. There are 10,714 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Denver

Housing Authority Programs
Denver Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Denver

Housing Authority Programs
Colorado Department of Local Affairs Section 8 Housing Choice Voucher (HCV)
Colorado Division of Housing Section 8 Housing Choice Voucher (HCV)
Colorado Housing Finance Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Denver, Colorado

Denver, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 266
Total Low Income Apartments 22,221
Total Rent Assisted Apartments 10,871
Percentage of Housing Units Occupied By Renters 50.59%
Average Renter Household Size 2.18
Total Population 649,654
Housing Units 275,795
Average Household Size 2.30
Median Household Income $53,637 ±$803
Median Rent $962 ±$10
Percentage Of Renters Overburdened 46.77% ± 1.16pp

Population and Household Demographics

Denver is a City in Denver County, Colorado with a population of 649,654. There are 275,795 households in the city with an average household size of 2.30 persons. 50.59% of households in Denver are renters.

Income and Rent Overburden in Denver

The median gross income for households in Denver is $53,637 a year, or $4,470 a month. The median rent for the city is $962 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Denver, a household making less than $3,207 a month would be considered overburdened when renting an apartment at or above the median rent. 46.77% of households who rent are overburdened in Denver.1

Area Median Income In Denver

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 Denver, the AMI is calculated from all households within Denver County.

In Denver, HUD calculates the Area Median Income for a family of four as $92,800

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 Denver

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 Denver HUD Rental Assistance in Denver

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,500 $22,300 $25,100 $27,850 $30,170 $34,590 $39,010 $43,430
50% of Median $32,500 $37,150 $41,800 $46,400 $50,150 $53,850 $57,550 $61,250
80% of Median $52,000 $59,400 $66,850 $74,250 $80,200 $86,150 $92,100 $98,050
Low Income Housing Tax Credits in Denver

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

From 1990 to 2012, 116 low income apartment communities containing 7,999 rental apartments have been constructed and made affordable to low income persons in Denver by the Low Income Housing Tax Credit Program.

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.

Income Qualifications for Low Income Housing Tax Credit Apartments in Denver

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $32,500 $37,150 $41,800 $46,400 $50,150 $53,850 $57,550 $61,250
60% of Median $39,000 $44,580 $50,160 $55,680 $60,180 $64,620 $69,060 $73,500

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 Denver is $50,160 a year, or $4,180 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,180 by 30% to get a maximum rent of $1,254 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 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $813 $871 $1,045 $1,207 $1,346 $1,485
60% $975 $1,045 $1,254 $1,448 $1,616 $1,782
Fair Market Rents in Denver

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,029 $1,204 $1,508 $2,119 $2,461