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

Discover affordable housing in Leadville where there are 3+ 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.

Tabor Grand

711 Harrison Ave, Leadville, Colorado 80461

Mount Massive Manor

131 W 12th St, Leadville, Colorado 80461

H1hom00072 Rmmh Acquisition - Sawatch

400 W 17th St, Leadville, Colorado 80461

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Leadville, Colorado
$25.83/hour
$11.41 (+79%) more than Colorado minimum wage and $18.58 (+256%) more than the Federal minimum wage.
Learn More About Leadville, Colorado Affordable Housing ↓

What HUD offices serve Leadville, 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), Homeownership Voucher, Family Self-Sufficiency, Mainstream Voucher programs for Leadville, Colorado.

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

How many renters live in Leadville, Colorado?

The City of Leadville has 2,622 people living in 1,220 households.

There are 460 renters living in 295 renter households in this City. Renters make up 17.54 percent of the population living in Leadville.

What is the rental market like in Leadville, Colorado?

There are an estimated 1,420 housing units in the Leadville area. Of these, 295 units are rental homes, making up 21 percent of the housing market. For every renter household in Leadville, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Leadville?

The rental vacancy rate in Leadville is 0 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 Leadville for each bedroom size?

Occupied Rental Units by Size in Leadville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 74 80 141 0
Occupied Rental Units by Size in Leadville

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

Among renter households in this market, 64 percent have housing cost burden. Further, 24 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 Leadville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,031 to $2,196. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,031
One BR $1,038
Two BR $1,364
Three BR $1,753
Four BR $2,196
2024 Fair Market Rents in Leadville, Colorado

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

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 40 54 percent
Two BR 50 63 percent
Rental Units Below FMR in Leadville, Colorado

How many affordable rental units are in Leadville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 74
Section 8 Project-Based Rental Assistance 24
Tracked Units by Federal Program in Leadville, Colorado

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

Income Based Apartments in Leadville, Colorado

Leadville features 24 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 Leadville, Colorado

There are 196 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Leadville.

Housing Choice Vouchers in Leadville, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Leadville, Colorado for a two-bedroom apartment is between $1,228 and $1,500.

Sourced from federal housing data and AffordableHousingOnline.com research.