Affordable Housing In Fort Collins
Larimer County, Colorado

45 Low Income Apartment Communities In Fort Collins

Village on Horsetooth

1506 West Horsetooth Road
Fort Collins, Colorado
1-2 BR

Oakridge Crossing

4786 Mcmurry Ave
Fort Collins, Colorado
1-2 BR

Harmony Road Apartments

301 E Harmony Rd
Fort Collins, Colorado
Income Based
1-2 BR

Greenbriar Village

400-434 Butch Cassidy Dr
Fort Collins, Colorado
Call For Rent
2-3 BR

Springfield Court Apartments

3851 Taft Hill Road
Fort Collins, Colorado
Call For Rent
1-4 BR

Village on Stanford

2613 Stanford Rd
Fort Collins, Colorado
2 BR

Village on Shields

3436 South Shields Street
Fort Collins, Colorado

Caribou Apartments, Phase II

4110 Verbena Way
Fort Collins, Colorado
Call For Rent
1-2 BR

Village on Redwood

1331 Redwood Street
Fort Collins, Colorado

Mason Place

3750 South Mason Street
Fort Collins, Colorado

Section 8 Vouchers, Apartments, and Waiting Lists in Fort Collins, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Fort Collins, Colorado

Housing Authority Programs
Housing Catalyst Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD)
Larimer County Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Fort Collins, Colorado

There are 45 low income housing apartment communities offering 3,593 affordable apartments for rent in Fort Collins, Colorado.

Income Based Apartments in Fort Collins, Colorado

Fort Collins features 673 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 Fort Collins, Colorado

There are 2,920 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fort Collins.

Housing Choice Vouchers in Fort Collins, Colorado

On average, Section 8 Housing Choice vouchers pay Fort Collins landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Fort Collins.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fort Collins, Colorado for a two-bedroom apartment is between $1,279 and $1,563.

2022 Fort Collins, 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
Fort Collins, Colorado Fair Market Rent $1,084 $1,143 $1,421 $2,019 $2,419
Fort Collins, Colorado Payment Standard Range $976 to $1,192 $1,029 to $1,257 $1,279 to $1,563 $1,817 to $2,221 $2,177 to $2,661

Sourced from federal housing data and research.

Fort Collins, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 45
Total Low Income Apartments 3,593
Total Housing Units with Rental Assistance 673
Percentage of Housing Units Occupied By Renters 46.09%
Average Renter Household Size 2.29
Average Household Size 2.47
Median Household Income $55,647 ±$1,539
Median Rent $1,077 ±$21
Percentage Of Renters Overburdened 59.05% ± 2.47pp
Total Population 153,292

Population and Household Demographics

Fort Collins is a city in Larimer County, Colorado with a population of 153,292. There are 58,918 households in the city with an average household size of 2.47 persons. 46.09% of households in Fort Collins are renters.

Income and Rent Overburden in Fort Collins

The median gross income for households in Fort Collins is $55,647 a year, or $4,637 a month. The median rent for the city is $1,077 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fort Collins, a household making less than $3,590 a month would be considered overburdened when renting an apartment at or above the median rent. 59.05% of households who rent are overburdened in Fort Collins.

Area Median Income In Fort Collins

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 Fort Collins, the AMI is calculated from all households within Larimer County.

In Fort Collins, HUD calculates the Area Median Income for a family of four as $95,900

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 Fort Collins

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 Fort Collins

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Fort Collins AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,150 $23,000 $25,900 $28,750 $31,050 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Fort Collins AMI may qualify for rental assistance programs that target Very Low Income households.
$33,600 $38,400 $43,200 $47,950 $51,800 $55,650 $59,500 $63,300
80% AMI Income Limits
Renters earning up to 80% of the Fort Collins AMI may qualify for rental assistance programs that target Low Income households.
$53,700 $61,400 $69,050 $76,700 $82,850 $89,000 $95,150 $101,250