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

Discover affordable housing in Pitkin County where there are 6+ 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.

Roaring Fork Apartments

111 Emma Road, Basalt, Colorado 81621

Castle Creek Apartments

488 Castle Creek Road, Aspen, Colorado 81611

Aspen Country Inn

38996 Highway 82, Aspen, Colorado 81611

RiverBrook Apartments

NW of S. Aspen and W. Shreveport, Aspen, Colorado 81611

Truscott Phase II Housing

10 Truscott Pl, Aspen, Colorado 81611

Maroon Creek Apartments

100 Stage Ct, Aspen, Colorado 81611

calendar_today Opened: Oct 18
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Pitkin County, Colorado
$24.60 (+171%) more than Colorado minimum wage and $31.77 (+438%) more than the Federal minimum wage.
Learn More About Pitkin County, Colorado Affordable Housing ↓

What HUD offices serve Pitkin 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) programs for Pitkin County, Colorado.

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

How many renters live in Pitkin County, Colorado?

The County of Pitkin County has 17,325 people living in 8,114 households.

There are 5,307 renters living in 2,832 renter households in this County. Renters make up 30.63 percent of the population living in Pitkin County.

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

There are an estimated 13,300 housing units in the Pitkin County area. Of these, 3,337 units are rental homes, making up 25 percent of the housing market. For every renter household in Pitkin County, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Pitkin County?

The rental vacancy rate in Pitkin County is 13 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 Pitkin County for each bedroom size?

Occupied Rental Units by Size in Pitkin County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
560 856 738 360 194
Occupied Rental Units by Size in Pitkin County

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

Among renter households in this market, 47 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 Pitkin County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,630 to $3,317. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,630
One BR $1,835
Two BR $2,060
Three BR $2,491
Four BR $3,317
2024 Fair Market Rents in Pitkin County, Colorado

How many units are rented at Fair Market Rent (FMR) in Pitkin 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 349 62 percent
One BR 265 31 percent
Two BR 227 31 percent
Rental Units Below FMR in Pitkin County, Colorado

How many affordable rental units are in Pitkin County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 206
Tracked Units by Federal Program in Pitkin County, Colorado

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

Income Based Apartments in Pitkin County, Colorado

Pitkin County features 0 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 Pitkin County, Colorado

There are 321 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pitkin County.

Housing Choice Vouchers in Pitkin County, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Pitkin County, Colorado for a two-bedroom apartment is between $1,854 and $2,266.

Sourced from federal housing data and AffordableHousingOnline.com research.