Low Income Apartments and Affordable Housing For Rent in Lakewood, CO

Discover affordable housing in Lakewood where there are 31+ 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.

Lamar Station Crossing

6150 W 13th Ave, Lakewood, Colorado 80214

Indy Street Flats

1440 Independence Street, Lakewood, Colorado 80215

Sage Corner

9998 W Jewell Ave, Lakewood, Colorado 80232

Tiffany Square Apartments

935 Sheridan Blvd, Lakewood, Colorado 80214

Fifty Eight Hundred

5800 W Alameda Ave, Lakewood, Colorado 80226

Eiber Village

1320 Everett Court, Lakewood, Colorado 80215

Ridgemoor Apartment Homes

693 Urban Ct, Lakewood, Colorado 80401

Timberleaf Apartment Homes

1388 Garrison St, Lakewood, Colorado 80215

Foothills Green

818 Union St, Lakewood, Colorado 80401

Fenton Place

1620 Fenton St, Lakewood, Colorado 80214

Eaton Terrace Residences

333 S Eaton St, Lakewood, Colorado 80226

Belmar Groves

259 S Teller St, Lakewood, Colorado 80226

Marston Pointe

7875 W Mansfield Pkwy, Lakewood, Colorado 80235

Cedar Avenue

7010 W Cedar Ave, Lakewood, Colorado 80226

CityScape at Belmar

500 S. Reed St., Lakewood, Colorado 80226

Willow Glen

1585 Kipling St, Lakewood, Colorado 80215

Residences at Creekside

1700 Pierce St, Lakewood, Colorado 80214

Maplewood Apartments

856 S Van Gordon Ct, Lakewood, Colorado 80228

Robinson Place

2275 Wadsworth Blvd, Lakewood, Colorado 80214

Panorama West Apartments

184 S Zang Way, Lakewood, Colorado 80228

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

What HUD offices serve 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Lakewood, Colorado.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Mainstream Voucher programs for Lakewood, Colorado.

Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Lakewood.

How many renters live in Lakewood, Colorado?

The City of Lakewood has 156,114 people living in 68,616 households.

There are 58,069 renters living in 27,717 renter households in this City. Renters make up 37.2 percent of the population living in Lakewood.

What is the rental market like in Lakewood, Colorado?

There are an estimated 71,683 housing units in the Lakewood area. Of these, 30,359 units are rental homes, making up 42 percent of the housing market. For every renter household in Lakewood, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Lakewood?

The rental vacancy rate in Lakewood is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Lakewood for each bedroom size?

Occupied Rental Units by Size in Lakewood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,355 9,295 12,548 3,634 1,319
Occupied Rental Units by Size in Lakewood

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

Among renter households in this market, 55 percent have housing cost burden. Further, 28 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 Lakewood

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 Lakewood, Colorado

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

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 675 50 percent
One BR 4,646 50 percent
Two BR 4,275 34 percent
Rental Units Below FMR in Lakewood, Colorado

How many affordable rental units are in Lakewood?

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

Federal Program Unit Count
Low Income Housing Tax Credit 2,431
Section 8 Project-Based Rental Assistance 258
Section 202 Supportive Housing for the Elderly 1
Section 811 Supportive Housing for Persons with Disabilities 26
Tracked Units by Federal Program in Lakewood, Colorado

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

Income Based Apartments in Lakewood, Colorado

Lakewood features 331 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 2,572 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 $1,981 and $2,421.

Sourced from federal housing data and AffordableHousingOnline.com research.