Affordable Housing In Montrose County
Colorado

15 Low Income Apartment Communities In Montrose County

San Juan Apartments

1650 Church St
Montrose, Colorado
Income Based
1 BR
Subsidized
62+

Cottonwood Apartments

1650 Encanto Pl
Montrose, Colorado
Income Based
2-3 BR
Subsidized

Woodgate Trails Apartments

1700 Odelle Road
Montrose, Colorado
Call For Rent
1-2 BR
62+

Anciano Tower

227 Ute Ave
Montrose, Colorado
Call For Rent
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Cimarron Village

Sec of Robin's Way And Pavilion Dr
Montrose, Colorado
Subsidized
62+
Accessible
Elderly Supportive Housing

Pinon Way Apartments

35 N Cedar Ave
Montrose, Colorado
Subsidized

Meadowlark Court

2378 Meadowlark Court
Montrose, Colorado
Subsidized
62+
Accessible
Elderly Supportive Housing

Centennial Towers

430 S 12th St
Montrose, Colorado
Subsidized
62+
Accessible
Elderly Supportive Housing

Pavilion Gardens

2366 Robins Way
Montrose, Colorado

Olathe Meadows

227 Rebekah Dr
Olathe, Colorado
Subsidized

Section 8 Vouchers, Apartments, and Waiting Lists in Montrose 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Montrose County, Colorado

Housing Authority Programs
Montrose County Housing Authority Section 8 Housing Choice Voucher (HCV); Veteran Affairs Supportive Housing (VASH)

Guide To Affordable Housing in Montrose County, Colorado

There are 15 low income housing apartment communities offering 535 affordable apartments for rent in Montrose County, Colorado.

Income Based Apartments in Montrose County, Colorado

Montrose County features 372 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 Montrose County, Colorado

There are 163 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montrose County.

Housing Choice Vouchers in Montrose County, Colorado

On average, Section 8 Housing Choice vouchers pay Montrose County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Montrose County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Montrose County, Colorado for a two-bedroom apartment is between $920 and $1,124.

2022 Montrose County, Colorado Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Montrose County, Colorado Fair Market Rent $772 $777 $1,022 $1,452 $1,548
Montrose County, Colorado Payment Standard Range $695 to $849 $699 to $855 $920 to $1,124 $1,307 to $1,597 $1,393 to $1,703

Sourced from federal housing data and AffordableHousingOnline.com research.

Montrose County, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 15
Total Low Income Apartments 535
Total Housing Units with Rental Assistance 372
Percentage of Housing Units Occupied By Renters 29.95%
Average Renter Household Size 2.31
Average Household Size 2.40
Median Household Income $43,999 ±$1,949
Median Rent $814 ±$47
Percentage Of Renters Overburdened 46.16% ± 6.46pp
Total Population 40,815

Population and Household Demographics

Montrose County is a county in Colorado with a population of 40,815. There are 16,768 households in the county with an average household size of 2.40 persons. 29.95% of households in Montrose County are renters.

Income and Rent Overburden in Montrose County

The median gross income for households in Montrose County is $43,999 a year, or $3,667 a month. The median rent for the county is $814 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Montrose County, a household making less than $2,713 a month would be considered overburdened when renting an apartment at or above the median rent. 46.16% of households who rent are overburdened in Montrose County.

Area Median Income In Montrose County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Montrose County, HUD calculates the Area Median Income for a family of four as $62,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Montrose County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Montrose County

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Montrose County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,450 $17,650 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Montrose County AMI may qualify for rental assistance programs that target Very Low Income households.
$25,750 $29,400 $33,100 $36,750 $39,700 $42,650 $45,600 $48,550
80% AMI Income Limits
Renters earning up to 80% of the Montrose County AMI may qualify for rental assistance programs that target Low Income households.
$41,200 $47,050 $52,950 $58,800 $63,550 $68,250 $72,950 $77,650

Cities In Montrose County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Montrose The HUD funded Public Housing Agency that serves Montrose is the Montrose County Housing Authority.
Naturita The HUD funded Public Housing Agency that serves Naturita is the Montrose County Housing Authority.
Nucla The HUD funded Public Housing Agency that serves Nucla is the Montrose County Housing Authority.
Olathe The HUD funded Public Housing Agency that serves Olathe is the Montrose County Housing Authority.
Redvale The HUD funded Public Housing Agency that serves Redvale is the Montrose County Housing Authority.