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

Discover affordable housing in Prowers County where there are 9+ 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.

Normandy Gardens

400 E College Rd, Lamar, Colorado 81052

Lamar

1106 Parkview Ave, Lamar, Colorado 81052

Lamar Manor

2208 Memorial Dr, Lamar, Colorado 81052

Strainhurst Courts

206 E Cedar St, Lamar, Colorado 81052

Emerald Homes

304 N 4th St, Lamar, Colorado

Sunburst Apartments

704 Mullen St, Lamar, Colorado

Holly

847 W Vaughn St, Holly, Colorado 81047

Plains View Apartments

1705 S 11th St, Lamar, Colorado 81052

S W Properties

1706 S 11th St, Lamar, Colorado 81052

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Prowers County, Colorado
$19.20/hour
$4.78 (+33%) more than Colorado minimum wage and $11.95 (+165%) more than the Federal minimum wage.
Learn More About Prowers County, Colorado Affordable Housing ↓

How many renters live in Prowers County, Colorado?

The County of Prowers County has 11,968 people living in 4,507 households.

There are 3,304 renters living in 1,307 renter households in this County. Renters make up 27.61 percent of the population living in Prowers County.

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

There are an estimated 5,473 housing units in the Prowers County area. Of these, 1,422 units are rental homes, making up 26 percent of the housing market. For every renter household in Prowers County, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Prowers County?

The rental vacancy rate in Prowers County is 8 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 Prowers County for each bedroom size?

Occupied Rental Units by Size in Prowers County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
67 271 395 471 58
Occupied Rental Units by Size in Prowers County

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

Among renter households in this market, 50 percent have housing cost burden. Further, 17 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 Prowers County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $796 to $1,671. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $796
One BR $847
Two BR $1,014
Three BR $1,226
Four BR $1,671
2024 Fair Market Rents in Prowers County, Colorado

How many units are rented at Fair Market Rent (FMR) in Prowers 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 67 100 percent
One BR 191 70 percent
Two BR 337 85 percent
Rental Units Below FMR in Prowers County, Colorado

How many affordable rental units are in Prowers County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 59
Public Housing 46
Section 8 Project-Based Rental Assistance 100
USDA Section 515 Rural Rental Housing 73
USDA Section 514 Farm Labor Housing 60
Tracked Units by Federal Program in Prowers County, Colorado

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

Income Based Apartments in Prowers County, Colorado

Prowers County features 279 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 Prowers County, Colorado

There are 72 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Prowers County.

Housing Choice Vouchers in Prowers County, Colorado

On average, Section 8 Housing Choice vouchers pay Prowers County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Prowers County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Prowers County, Colorado for a two-bedroom apartment is between $913 and $1,115.

Sourced from federal housing data and AffordableHousingOnline.com research.