Low Income Apartments and Affordable Housing For Rent in Steamboat Springs, CO

Discover affordable housing in Steamboat Springs 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.

Alpenglow Village

1400 Pine Grove Rd, Steamboat Springs, Colorado 80487

Mountain Village

1101 Mountain Village Cir, Steamboat Springs, Colorado 80487

The Reserves at Steamboat Springs

2100 Elk River Rd, Steamboat Springs, Colorado 80487

Hillside Village Apartments

605 Tamarack Dr, Steamboat Springs, Colorado 80487

Anglers Four Hundred

400 Anglers Dr, Steamboat Springs, Colorado 80487

Selbe Apartments

550 Rollingstone Dr, Steamboat Springs, Colorado

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Steamboat Springs, Colorado
$37.05/hour
$22.63 (+157%) more than Colorado minimum wage and $29.80 (+411%) more than the Federal minimum wage.
Learn More About Steamboat Springs, Colorado Affordable Housing ↓

What HUD offices serve Steamboat Springs, 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, Homeownership Voucher, Section 8 Project-Based Rental Assistance (PBRA) programs for Steamboat Springs, Colorado.

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

How many renters live in Steamboat Springs, Colorado?

The City of Steamboat Springs has 13,251 people living in 5,738 households.

There are 3,950 renters living in 1,681 renter households in this City. Renters make up 29.81 percent of the population living in Steamboat Springs.

What is the rental market like in Steamboat Springs, Colorado?

There are an estimated 10,202 housing units in the Steamboat Springs area. Of these, 2,650 units are rental homes, making up 26 percent of the housing market. For every renter household in Steamboat Springs, Colorado, there are 2 rental units.

What is the vacancy rate for rentals in Steamboat Springs?

The rental vacancy rate in Steamboat Springs is 35 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 Steamboat Springs for each bedroom size?

Occupied Rental Units by Size in Steamboat Springs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
83 488 576 388 69
Occupied Rental Units by Size in Steamboat Springs

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

Among renter households in this market, 52 percent have housing cost burden. Further, 31 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 Steamboat Springs

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,448 to $3,319. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,448
One BR $1,489
Two BR $1,956
Three BR $2,365
Four BR $3,319
2024 Fair Market Rents in Steamboat Springs, Colorado

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

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 15 18 percent
One BR 110 23 percent
Two BR 191 33 percent
Rental Units Below FMR in Steamboat Springs, Colorado

How many affordable rental units are in Steamboat Springs?

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

Federal Program Unit Count
Low Income Housing Tax Credit 199
Section 8 Project-Based Rental Assistance 1
Section 811 Supportive Housing for Persons with Disabilities 5
USDA Section 515 Rural Rental Housing 79
Tracked Units by Federal Program in Steamboat Springs, Colorado

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

Income Based Apartments in Steamboat Springs, Colorado

Steamboat Springs features 79 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 Steamboat Springs, Colorado

There are 307 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Steamboat Springs.

Housing Choice Vouchers in Steamboat Springs, Colorado

On average, Section 8 Housing Choice vouchers pay Steamboat Springs landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Steamboat Springs.

The maximum amount a voucher would pay on behalf of a low-income tenant in Steamboat Springs, Colorado for a two-bedroom apartment is between $1,760 and $2,152.

Sourced from federal housing data and AffordableHousingOnline.com research.