Low Income Apartments and Affordable Housing For Rent in Montezuma County, CO

Discover affordable housing in Montezuma County where there are 13+ 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.

Sleeping Ute Apartments

516 S Madison St, Cortez, Colorado 81321

Calkins Commons

121 E. First St., Cortez, Colorado 81321

Cortez Apartments

620 E Empire St, Cortez, Colorado 81321

Hillside Apartments

300 N 15th, Dolores, Colorado 81323

Dolores Elderly

235 4th St, Dolores, Colorado 81323

Mesa Park Apartments

880 S Chestnut St, Cortez, Colorado 81321

Brubaker Place

2001 E Empire St, Cortez, Colorado 81321

Valley Sun Village

700 E 2nd St, Cortez, Colorado 81321

Cortez Park Apts

23 W 7th Street, Cortez, Colorado

Montezuma Co

108 N Adams St, Cortez, Colorado 81328

H1hom00061 Montezuma Acquisition Const.

604 E 2nd St, Cortez, Colorado 81321

Prairie Mesa Estates

650 E 2nd St, Cortez, Colorado 81321

Menefee Apartments

400 W Menefee St, Mancos, Colorado 81328

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Montezuma County, Colorado
$24.03/hour
$9.61 (+67%) more than Colorado minimum wage and $16.78 (+232%) more than the Federal minimum wage.
Learn More About Montezuma County, Colorado Affordable Housing ↓

What HUD offices serve Montezuma County, 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 Montezuma County, Colorado.

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

How many renters live in Montezuma County, Colorado?

The County of Montezuma County has 26,070 people living in 10,520 households.

There are 6,827 renters living in 2,784 renter households in this County. Renters make up 26.19 percent of the population living in Montezuma County.

What is the rental market like in Montezuma County, Colorado?

There are an estimated 12,269 housing units in the Montezuma County area. Of these, 3,029 units are rental homes, making up 25 percent of the housing market. For every renter household in Montezuma County, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Montezuma County?

The rental vacancy rate in Montezuma County is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Montezuma County for each bedroom size?

Occupied Rental Units by Size in Montezuma County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
235 506 929 1,004 110
Occupied Rental Units by Size in Montezuma County

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

Among renter households in this market, 51 percent have housing cost burden. Further, 14 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 Montezuma County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $910 to $2,043. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $910
One BR $966
Two BR $1,269
Three BR $1,534
Four BR $2,043
2024 Fair Market Rents in Montezuma County, Colorado

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

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 221 94 percent
One BR 468 92 percent
Two BR 641 69 percent
Rental Units Below FMR in Montezuma County, Colorado

How many affordable rental units are in Montezuma County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 273
Public Housing 31
Section 8 Project-Based Rental Assistance 137
USDA Section 515 Rural Rental Housing 99
Tracked Units by Federal Program in Montezuma County, Colorado

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

Income Based Apartments in Montezuma County, Colorado

Montezuma County features 268 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 Montezuma County, Colorado

There are 108 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montezuma County.

Housing Choice Vouchers in Montezuma County, Colorado

On average, Section 8 Housing Choice vouchers pay Montezuma County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Montezuma County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Montezuma County, Colorado for a two-bedroom apartment is between $1,142 and $1,396.

Sourced from federal housing data and AffordableHousingOnline.com research.