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

Discover affordable housing in Gilpin County where there are 0+ 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.

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Gilpin County, Colorado
$41.69/hour
$27.27 (+189%) more than Colorado minimum wage and $34.44 (+475%) more than the Federal minimum wage.
Learn More About Gilpin County, Colorado Affordable Housing ↓

How many renters live in Gilpin County, Colorado?

The County of Gilpin County has 5,856 people living in 2,853 households.

There are 1,022 renters living in 610 renter households in this County. Renters make up 17.45 percent of the population living in Gilpin County.

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

There are an estimated 3,516 housing units in the Gilpin County area. Of these, 698 units are rental homes, making up 20 percent of the housing market. For every renter household in Gilpin County, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Gilpin County?

The rental vacancy rate in Gilpin County is 11 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 Gilpin County for each bedroom size?

Occupied Rental Units by Size in Gilpin County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 272 195 76 24
Occupied Rental Units by Size in Gilpin County

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

Among renter households in this market, 57 percent have housing cost burden. Further, 36 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 Gilpin County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,658 to $3,225. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,658
One BR $1,835
Two BR $2,201
Three BR $2,874
Four BR $3,225
2024 Fair Market Rents in Gilpin County, Colorado

How many units are rented at Fair Market Rent (FMR) in Gilpin 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
One BR 254 93 percent
Two BR 98 50 percent
Rental Units Below FMR in Gilpin County, Colorado

How many affordable rental units are in Gilpin County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 87
Tracked Units by Federal Program in Gilpin County, Colorado

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

Income Based Apartments in Gilpin County, Colorado

Gilpin County features 0 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 Gilpin County, Colorado

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

Housing Choice Vouchers in Gilpin County, Colorado

On average, Section 8 Housing Choice vouchers pay Gilpin County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Gilpin County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Gilpin County, Colorado for a two-bedroom apartment is between $1,981 and $2,421.

Sourced from federal housing data and AffordableHousingOnline.com research.