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

Discover affordable housing in Rifle where there are 5+ 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.

Maxfield Heights Senior Apartments

125 Ute Ave, Rifle, Colorado 81650

Kendall Heights Apartments I

250 Ute Ave, Rifle, Colorado 81650

Eagles Nest Apartments

1041 W 24th St, Rifle, Colorado 81650

White River Townhomes

800 S Whiteriver Ave, Rifle, Colorado 81650

Kendall Heights Apartments II

150 Ute Ave, Rifle, Colorado 81650

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 Rifle, Colorado
$14.69 (+102%) more than Colorado minimum wage and $21.86 (+302%) more than the Federal minimum wage.
Learn More About Rifle, Colorado Affordable Housing ↓

What HUD offices serve Rifle, 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 Rifle, Colorado.

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

How many renters live in Rifle, Colorado?

The City of Rifle has 10,420 people living in 3,615 households.

There are 3,086 renters living in 1,083 renter households in this City. Renters make up 29.62 percent of the population living in Rifle.

What is the rental market like in Rifle, Colorado?

There are an estimated 3,744 housing units in the Rifle area. Of these, 1,122 units are rental homes, making up 30 percent of the housing market. For every renter household in Rifle, Colorado, there are 1 rental units.

What is the vacancy rate for rentals in Rifle?

The rental vacancy rate in Rifle is 3 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 Rifle for each bedroom size?

Occupied Rental Units by Size in Rifle
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
64 124 648 170 77
Occupied Rental Units by Size in Rifle

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

Among renter households in this market, 35 percent have housing cost burden. Further, 10 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 Rifle

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,162 to $2,438. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,162
One BR $1,170
Two BR $1,537
Three BR $2,166
Four BR $2,438
2024 Fair Market Rents in Rifle, Colorado

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

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 64 100 percent
One BR 106 85 percent
Two BR 546 84 percent
Rental Units Below FMR in Rifle, Colorado

How many affordable rental units are in Rifle?

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

Federal Program Unit Count
Low Income Housing Tax Credit 59
Section 8 Project-Based Rental Assistance 60
Tracked Units by Federal Program in Rifle, Colorado

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

Income Based Apartments in Rifle, Colorado

Rifle features 122 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 Rifle, Colorado

There are 59 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rifle.

Housing Choice Vouchers in Rifle, Colorado

On average, Section 8 Housing Choice vouchers pay Rifle landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Rifle.

The maximum amount a voucher would pay on behalf of a low-income tenant in Rifle, Colorado for a two-bedroom apartment is between $1,383 and $1,691.

Sourced from federal housing data and AffordableHousingOnline.com research.