Low Income Apartments and Affordable Housing For Rent in Idaho Springs, CO

Discover affordable housing in Idaho Springs 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.

Project Support

1840 Miner St, Idaho Springs, Colorado 80452

switch_access_shortcut Short Wait
accessibility Accessible

9366 Fall River Rd Unit 9366

9366 Fall River Rd Unit 9366, Idaho Springs, Colorado 80452

bed 2
payment $1550/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

613 Miner St

613 Miner St, Idaho Springs, Colorado 80452

bed 3
payment $2600/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

9366 Fall River Rd Unit 106

9366 Fall River Rd Unit 106, Idaho Springs, Colorado 80452

bed 2
payment $1550/mo.

327 Virginia St

327 Virginia St, Idaho Springs, Colorado 80452

bed 3
payment $2595/mo.

Riverbend Residences

2546 Colorado Blvd, Idaho Springs, Colorado 80452

bed 1-2
payment $563-1517/mo.
switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Idaho Springs, Colorado

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Idaho Springs, 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 Idaho Springs, Colorado Affordable Housing ↓

How many renters live in Idaho Springs, Colorado?

The City of Idaho Springs has people living in households.

There are renters living in renter households in this City. Renters make up 34.45 percent of the population living in Idaho Springs.

What is the rental market like in Idaho Springs, Colorado?

There are an estimated housing units in the Idaho Springs area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Idaho Springs, Colorado, there are 1.09 rental units.

What is the vacancy rate for rentals in Idaho Springs?

The rental vacancy rate in Idaho Springs is 9 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 Idaho Springs for each bedroom size?

Occupied Rental Units by Size in Idaho Springs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 125 147 18 37
Occupied Rental Units by Size in Idaho Springs

A large number of apartments in Idaho Springs have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Idaho Springs

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 Idaho Springs, Colorado

How many units are rented at Fair Market Rent (FMR) in Idaho Springs?

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 125 100 percent
Two BR 100 68 percent
Rental Units Below FMR in Idaho Springs, Colorado

How many affordable rental units are in Idaho Springs?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 202 Supportive Housing for the Elderly
Tracked Units by Federal Program in Idaho Springs, Colorado

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

Income Based Apartments in Idaho Springs, Colorado

Idaho Springs features 16 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 Idaho Springs, Colorado

There are 47 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Idaho Springs.

Housing Choice Vouchers in Idaho Springs, Colorado

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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