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Affordable Housing In Denver
Denver County, Colorado

266 Low Income Apartment Communities In Denver

Denver Gardens Apartments

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

Olin Hotel Apartments

1420 Logan St
Denver, Colorado
Call For Rent
Studio-1 BR
Subsidized
62+

The Gardens of Hope Communities

4919 E Thrill Place
Denver, Colorado
$950-975
2 BR

Welton Homes at The Point

2550 Washington St
Denver, Colorado
$380-1,545
1-3 BR

Paloma Villas

4200 Morrison Rd
Denver, Colorado
$562-1,114
1-3 BR

Sheridan Station

5330 W. 11th Ave.
Denver, Colorado
1 BR
Accessible

Villas at Sloans Lake

1551 Wolff St
Denver, Colorado
$639-1,114
1-3 BR

Los Altos De Alameda

5100 W Alameda Ave
Denver, Colorado
$639-1,114
1-3 BR

Broadway Junction

1165 S Broadway
Denver, Colorado
Income Based
1-2 BR

Golden Spike Apartments

3000 W Yale Ave
Denver, Colorado
Income Based
1-2 BR
Accessible
62+

Housing Authorities that serve Denver

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

Guide To Affordable Housing in Denver, Colorado

There are 266 low income housing apartment communities offering 22,269 affordable apartments for rent in Denver, Colorado.

Income Based Apartments in Denver, Colorado

Denver features 10,721 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 Denver, Colorado

There are 10,664 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Denver.

Housing Choice Vouchers in Denver, Colorado

On average, Section 8 Housing Choice vouchers pay Denver landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Denver.

The maximum amount a voucher would pay on behalf of a low-income tenant in Denver, Colorado for a two-bedroom apartment is between $1,445 and $1,766.

2021 Denver, 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
Fair Market Rent $1,179 $1,304 $1,605 $2,186 $2,486
Payment Standard Range $1,061 to $1,297 $1,174 to $1,434 $1,445 to $1,766 $1,967 to $2,405 $2,237 to $2,735

Sourced from federal housing data and AffordableHousingOnline.com research.

Denver, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 266
Total Low Income Apartments 22,269
Total Housing Units with Rental Assistance 10,721
Percentage of Housing Units Occupied By Renters 50.59%
Average Renter Household Size 2.18
Average Household Size 2.30
Median Household Income $53,637 ±$803
Median Rent $962 ±$10
Percentage Of Renters Overburdened 46.77% ± 1.16pp
Total Population 649,654

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.

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 $100,000

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 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 $21,000 $24,000 $27,000 $30,000 $32,400 $35,160 $39,640 $44,120
50% of Median $35,000 $40,000 $45,000 $50,000 $54,000 $58,000 $62,000 $66,000
80% of Median $54,950 $62,800 $70,650 $78,500 $84,800 $91,100 $97,350 $103,650