MAY 2018: The Trump Administration released its Fiscal Year 2019 Budget Summary. The White House is proposing an $8.8 billion cut representing a massive 18.3% reduction.  Contact your Congresspersons right now and tell them to oppose this proposal.

Cheap Apartments In Sterling
Logan County,Colorado

435 Macgregor Rd
Sterling, Colorado
Maclaren House is a 54 unit low income housing apartment community in Sterling.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Income Based
Section 8 Project-Based Rental Assistance
Project-Based Rental Assistance
View More
1212 Phelps St
Sterling, Colorado
Northeast Plaza is a 47 unit low income housing apartment community in Sterling.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Income Based
Section 8 Project-Based Rental Assistance
Project-Based Rental Assistance
View More
1112 N 4th St
Sterling, Colorado
Centennial Mental Health Facility is a 10 unit low income housing apartment community in Sterling.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Income Based
Section 202 Supportive Housing for the Elderly
Project-Based Rental Assistance
Senior (62+)
Accessible Units
View More
441 Macgregor Rd
Sterling, Colorado
Sterling is a 110 unit low income housing apartment community in Sterling.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Income Based
Public Housing
View More
1331 Platte St
Sterling, Colorado
Sterling ( City of ) is a 48 unit low income housing apartment community in Sterling.
Apartments in this community are not rent subsidized. However, this apartment community has rents considered affordable for low income families in Sterling.
Income Based
Section 42 Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
HOME Investment Partnerships Program
Accepts Section 8 Housing Choice Vouchers (HCV)
View More

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 Properties7
Total Low Income Apartments386
Total Rent Assisted Apartments221
Percentage of Housing Units Occupied By Renters44.15%
Average Renter Household Size2.24
Total Population14,046
Housing Units5,071
Average Household Size2.57
Median Household Income$35,732 ±$3,199
Median Rent$673 ±$44
Percentage Of Renters Overburdened45.29% ± 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

AMI Band1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
30%$14,150$16,460$20,780$25,100$29,420$33,740$38,060$42,380
50%$23,600$26,950$30,300$33,650$36,350$39,050$41,750$44,450
80%$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

AMI Band1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
50%$23,600$26,950$30,300$33,650$36,350$39,050$41,750$44,450
60%$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 AMIStudio1 Bed2 Bed3 Bed4 Bed5 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
StudioOne BRTwo BRThree BRFour BR
$616$620$770$1,120$1,344