Cheap Apartments In Sterling
Logan County, Colorado

Maclaren House

435 Macgregor Rd
Sterling, CO
Subsidized

Northeast Plaza

1212 Phelps St
Sterling, CO
Subsidized

Centennial Mental Health Facility

1112 N 4th St
Sterling, CO
62+
Accessable
Subsidized

Sterling

441 Macgregor Rd
Sterling, CO

Sterling ( City of )

1331 Platte St
Sterling, CO
HCV Welcome

Maclaren House

435 Macgregor Rd
Sterling, CO
Subsidized

Northeast Plaza

1212 Phelps St
Sterling, CO
Subsidized

Centennial Mental Health Facility

1112 N 4th St
Sterling, CO
62+
Accessable
Subsidized

Sterling

441 Macgregor Rd
Sterling, CO

Sterling ( City of )

1331 Platte St
Sterling, CO
HCV Welcome

There are 7 low income housing apartment complexes which contain 386 affordable apartments for rent in Sterling, Colorado. Many of these rental apartments are income based housing with about 221 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 101 Project-Based Section 8 subsidized apartments in Sterling. There are 261 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Sterling

The Housing Authority of the City of Sterling is a Public Housing public housing agency in Sterling, Colorado.

Understanding Affordable Housing in Sterling, Colorado

Sterling, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 386
Total Rent Assisted Apartments 221
Percentage of Housing Units Occupied By Renters 44.15%
Average Renter Household Size 2.24
Total Population 14,046
Housing Units 5,071
Average Household Size 2.57
Median Household Income $35,732 ±$3,199
Median Rent $673 ±$44
Percentage Of Renters Overburdened 45.29% ± 8.83pp

Population and Household Demographics

Sterling is a City in Logan County, Colorado with a population of 14,046. There are 5,071 households in the city with an average household size of 2.57 persons. 44.15% of households in Sterling are renters.

Income and Rent Overburden in Sterling

The median gross income for households in Sterling is $35,732 a year, or $2,978 a month. The median rent for the city is $673 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sterling, a household making less than $2,243 a month would be considered overburdened when renting an apartment at or above the median rent. 45.29% of households who rent are overburdened in Sterling.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 8.83 percentage points.

Area Median Income In Sterling

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Sterling, the AMI is calculated from all households within Logan County.

In Sterling, HUD calculates the Area Median Income for a family of four as $59,200

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 Sterling

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 Sterling HUD Rental Assistance in Sterling

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,150 $16,460 $20,780 $25,100 $29,420 $33,740 $38,060 $42,380
50% of Median $23,600 $26,950 $30,300 $33,650 $36,350 $39,050 $41,750 $44,450
80% of Median $37,700 $43,100 $48,500 $53,850 $58,200 $62,500 $66,800 $71,100

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in Sterling

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1997 to 2000, 3 low income apartment communities containing 89 rental apartments have been constructed and made affordable to low income persons in Sterling by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Sterling by looking for the tag in the apartment list above. View Apartments.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Sterling

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,600 $26,950 $30,300 $33,650 $36,350 $39,050 $41,750 $44,450
60% of Median $28,320 $32,340 $36,360 $40,380 $43,620 $46,860 $50,100 $53,340

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Sterling is $36,360 a year, or $3,030 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,030 by 30% to get a maximum rent of $909 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $590 $632 $758 $875 $976 $1,078
60% $708 $758 $909 $1,050 $1,172 $1,293
Fair Market Rents in Sterling

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2018 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$616 $620 $770 $1,120 $1,344