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

Discover affordable housing in Lakewood where there are 137+ 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.

Whisper Creek

3505 S Nelson Cir, Lakewood, Colorado 80235

bed 1-3
payment $1639-2679/mo.

Beacon85

85 S Union Blvd, Lakewood, Colorado 80228

bed 1
payment $1709/mo.

The Parker Apartments

8854 W La Salle Ave, Lakewood, Colorado 80227

bed 1-2
payment $1645-1740/mo.

Elevate at Red Rocks

409 Zang St, Lakewood, Colorado 80228

bed 1-3
payment $1760-2600/mo.

Alta Sloans Lake

1605 Sheridan Blvd, Lakewood, Colorado 80214

bed Studio-1
payment $1512-1814/mo.

Windsor at Pinehurst

3950 S Wadsworth Blvd, Lakewood, Colorado 80235

bed 1
payment $1745/mo.

Union West

35 Van Gordon St, Lakewood, Colorado 80228

bed Studio-1
payment $1649-1800/mo.

Bluesky Landing

1187 S Beech Dr, Lakewood, Colorado 80228

bed 2
payment $1999/mo.

The Crossings at Bear Creek

10117 W Dartmouth Pl, Lakewood, Colorado 80227

bed 1-3
payment $1675-2779/mo.

Eagle Crest

9699 W 16th Ave, Lakewood, Colorado 80215

bed 1-3
payment $1575-1999/mo.

Ashford Belmar

7301 W Ohio Ave, Lakewood, Colorado 80226

bed 1-3
payment $1833-2500/mo.

Four Winds Apartments

7500-7506 W 10th Ave, Lakewood, Colorado 80214

bed 1-2
payment $1395-1545/mo.

Silver Reef

12419 W 2nd Pl, Lakewood, Colorado 80228

bed 1-2
payment $1634-1928/mo.

St. Moritz Apartments

1724 Robb St, Lakewood, Colorado 80215

bed 1-2
payment $1501-1911/mo.

White Fence Farm

6273 W Jewell Ave, Lakewood, Colorado 80232

bed 1
payment $1755/mo.

Lakeview Towers at Belmar

679 S Reed Ct, Lakewood, Colorado 80226

bed 1-2
payment $1306-1642/mo.

Traverse Apartments

5495 W 10th Ave, Lakewood, Colorado 80214

bed Studio-1
payment $1536-1779/mo.

Skyecrest

7846 W Mansfield Pky, Lakewood, Colorado 80235

bed 1-2
payment $1629-1829/mo.

Cortland Belmar

445 S Saulsbury St, Lakewood, Colorado 80226

bed 1-2
payment $1762-2148/mo.

Ascend at Red Rocks

13105 W 2nd Pl, Lakewood, Colorado 80228

bed 1-2
payment $1635-1765/mo.

How To Identify Affordable Housing in Lakewood, 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 Lakewood, 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 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 people living in households.

There are renters living in 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 housing units in the Lakewood area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lakewood, Colorado, there are 1.1 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 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
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
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.

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