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

Discover affordable housing in Lyons where there are 2+ 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.

Bloomfield Place

722 5th Ave, Lyons, Colorado 80540

Walter Self Apartments

335 Railroad Ave, Lyons, Colorado 80540

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lyons, Colorado
$27.57 (+191%) more than Colorado minimum wage and $34.74 (+479%) more than the Federal minimum wage.
Learn More About Lyons, Colorado Affordable Housing ↓

What HUD offices serve Lyons, 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, Moving to Work programs for Lyons, Colorado.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Lyons, Colorado.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Lyons, Colorado.

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

How many renters live in Lyons, Colorado?

The City of Lyons has 1,936 people living in 781 households.

There are 362 renters living in 190 renter households in this City. Renters make up 18.7 percent of the population living in Lyons.

What is the rental market like in Lyons, Colorado?

There are an estimated 802 housing units in the Lyons area. Of these, 190 units are rental homes, making up 24 percent of the housing market. For every renter household in Lyons, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Lyons?

The rental vacancy rate in Lyons 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 Lyons for each bedroom size?

Occupied Rental Units by Size in Lyons
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 65 108 0 17
Occupied Rental Units by Size in Lyons

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

Among renter households in this market, 53 percent have housing cost burden. Further, 17 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 Lyons

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,585 to $3,394. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,585
One BR $1,823
Two BR $2,217
Three BR $2,898
Four BR $3,394
2024 Fair Market Rents in Lyons, Colorado

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

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 65 100 percent
Two BR 24 22 percent
Rental Units Below FMR in Lyons, Colorado

How many affordable rental units are in Lyons?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 9
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Lyons, Colorado

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

Income Based Apartments in Lyons, Colorado

Lyons features 20 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 Lyons, Colorado

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lyons.

Housing Choice Vouchers in Lyons, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lyons, Colorado for a two-bedroom apartment is between $1,995 and $2,439.

Sourced from federal housing data and AffordableHousingOnline.com research.