Affordable Housing In Lakewood
Jefferson County, Colorado

29 Low Income Apartment Communities In Lakewood

Fifty Eight Hundred

5800 W Alameda Ave
Lakewood, Colorado
Call For Rent
1-3 BR
Accessible

Timberleaf Apartment Homes

1388 Garrison St
Lakewood, Colorado
Call For Rent
1-3 BR

Indy Street Flats

1440 Independence Street
Lakewood, Colorado
Call For Rent
Studio-3 BR

Tiffany Square Apartments

935 Sheridan Blvd
Lakewood, Colorado
Income Based
1-3 BR
Subsidized

Maplewood Apartments

856 S Van Gordon Ct
Lakewood, Colorado
$455-1,341
1-3 BR

Willow Glen

1585 Kipling St
Lakewood, Colorado
$471-1,168
Studio-2 BR
62+

Cedar Avenue

7010 W Cedar Ave
Lakewood, Colorado
$750-1,900
1-4 BR

Belmar Groves

259 S Teller St
Lakewood, Colorado
$942-1,287
1-3 BR

Residences at Creekside

1700 Pierce St
Lakewood, Colorado
$455-1,264
Studio-2 BR
62+

CityScape at Belmar

500 S. Reed St.
Lakewood, Colorado
$506-1,700
1-2 BR
62+

Section 8 Vouchers, Apartments, and Waiting Lists in Lakewood, 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 Lakewood, Colorado

Housing Authority Programs
Foothills Regional Housing Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Mainstream Voucher
Metro West Housing Solutions Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Lakewood, Colorado

There are 29 low income housing apartment communities offering 2,942 affordable apartments for rent in Lakewood, Colorado.

Income Based Apartments in Lakewood, Colorado

Lakewood features 289 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 Lakewood, Colorado

There are 2,653 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lakewood.

Housing Choice Vouchers in Lakewood, Colorado

On average, Section 8 Housing Choice vouchers pay Lakewood landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Lakewood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lakewood, Colorado for a two-bedroom apartment is between $1,670 and $2,042.

2023 Lakewood, 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
Lakewood, Colorado Fair Market Rent $1,390 $1,538 $1,856 $2,449 $2,750
Lakewood, Colorado Payment Standard Range $1,251 to $1,529 $1,384 to $1,692 $1,670 to $2,042 $2,204 to $2,694 $2,475 to $3,025

Sourced from federal housing data and AffordableHousingOnline.com research.

Lakewood, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 29
Total Low Income Apartments 2,942
Total Housing Units with Rental Assistance 289
Percentage of Housing Units Occupied By Renters 41.94%
Average Renter Household Size 2.23
Average Household Size 2.30
Median Household Income $56,954 ±$1,160
Median Rent $1,000 ±$19
Percentage Of Renters Overburdened 49.18% ± 2.69pp
Total Population 147,836

Population and Household Demographics

Lakewood is a city in Jefferson County, Colorado with a population of 147,836. There are 63,159 households in the city with an average household size of 2.30 persons. 41.94% of households in Lakewood are renters.

Income and Rent Overburden in Lakewood

The median gross income for households in Lakewood is $56,954 a year, or $4,746 a month. The median rent for the city is $1,000 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lakewood, a household making less than $3,333 a month would be considered overburdened when renting an apartment at or above the median rent. 49.18% of households who rent are overburdened in Lakewood.

Area Median Income In Lakewood

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 Lakewood, the AMI is calculated from all households within Jefferson County.

In Lakewood, HUD calculates the Area Median Income for a family of four as $117,800

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 Lakewood

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 Lakewood

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 Lakewood AMI may qualify for rental assistance programs that target Extremely Low Income households.
$24,650 $28,150 $31,650 $35,150 $38,000 $40,800 $43,600 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Lakewood AMI may qualify for rental assistance programs that target Very Low Income households.
$41,050 $46,900 $52,750 $58,600 $63,300 $68,000 $72,700 $77,400
80% AMI Income Limits
Renters earning up to 80% of the Lakewood AMI may qualify for rental assistance programs that target Low Income households.
$62,600 $71,550 $80,500 $89,400 $96,600 $103,750 $110,900 $118,050