Low Income Apartments and Affordable Housing For Rent in Summit County, CO

Discover affordable housing in Summit County where there are 6+ 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.

Village at Wintergreen

235 Antlers Gulch Rd, Keystone, Colorado 80435

Alta Verde

159 Stan Miller Dr, Breckenridge, Colorado 80424

Villa Sierra Madre

1081 Adams St, Silverthorne, Colorado 80498

Pinewood Village

605 Airport Road, Breckenridge, Colorado 80424

Mountain Creek

740 W Anemone Trail, Dillon, Colorado

Blue River Apartments

1251 Adams Ave, Silverthorne, Colorado 80498

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Summit County, Colorado
$42.05/hour
$27.63 (+192%) more than Colorado minimum wage and $34.80 (+480%) more than the Federal minimum wage.
Learn More About Summit County, Colorado Affordable Housing ↓

How many renters live in Summit County, Colorado?

The County of Summit County has 30,955 people living in 11,750 households.

There are 10,243 renters living in 3,550 renter households in this County. Renters make up 33.09 percent of the population living in Summit County.

What is the rental market like in Summit County, Colorado?

There are an estimated 31,508 housing units in the Summit County area. Of these, 5,862 units are rental homes, making up 19 percent of the housing market. For every renter household in Summit County, Colorado, there are 2 rental units.

What is the vacancy rate for rentals in Summit County?

The rental vacancy rate in Summit County is 37 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 Summit County for each bedroom size?

Occupied Rental Units by Size in Summit County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
389 906 1,430 576 198
Occupied Rental Units by Size in Summit County

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

Among renter households in this market, 41 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 Summit County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,551 to $3,650. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,551
One BR $1,690
Two BR $2,220
Three BR $3,128
Four BR $3,650
2024 Fair Market Rents in Summit County, Colorado

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

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 304 78 percent
One BR 589 65 percent
Two BR 296 21 percent
Rental Units Below FMR in Summit County, Colorado

How many affordable rental units are in Summit County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 307
USDA Section 515 Rural Rental Housing 30
Tracked Units by Federal Program in Summit County, Colorado

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

Income Based Apartments in Summit County, Colorado

Summit County features 30 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 Summit County, Colorado

There are 333 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Summit County.

Housing Choice Vouchers in Summit County, Colorado

On average, Section 8 Housing Choice vouchers pay Summit County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Summit County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Summit County, Colorado for a two-bedroom apartment is between $1,998 and $2,442.

Sourced from federal housing data and AffordableHousingOnline.com research.