. Low Income Apartments For Rent in Arco, Idaho - Affordable Housing Online

Cimmaron Station

632 Butte Ave
Arco, Idaho
Rent Assisted
Showing Results 1-15
  • «
  • 1
  • »

There are 0 low-income apartments in Arco that offer reduced rents to eligible households.

Rental assistance programs support 24 low-income homes in Arco where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 29th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Arco, Idaho Affordable Housing Data

Income Based Apartments in Arco, Idaho

Arco features 24 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 Arco, Idaho

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Arco.

Housing Choice Vouchers in Arco, Idaho

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Arco, Idaho for a two-bedroom apartment is between $822 and $1,004.

2023 Arco, Idaho Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Arco, Idaho Fair Market Rent $620 $742 $913 $1,294 $1,555
Arco, Idaho Payment Standard Range $558 to $682 $668 to $816 $822 to $1,004 $1,165 to $1,423 $1,400 to $1,711

Sourced from federal housing data and AffordableHousingOnline.com research.

Arco, ID Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 24
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters 37.6%
Average Renter Household Size 2.31
Average Household Size 2.56
Median Household Income $31,681 ±$3,841
Median Rent $572 ±$107
Percentage Of Renters Overburdened 51.11% ± 19.64pp
Total Population 955

Population and Household Demographics

Arco is a city in Butte County, Idaho with a population of 955. There are 359 households in the city with an average household size of 2.56 persons. 37.6% of households in Arco are renters.

Income and Rent Overburden in Arco

The median gross income for households in Arco is $31,681 a year, or $2,640 a month. The median rent for the city is $572 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Arco, a household making less than $1,907 a month would be considered overburdened when renting an apartment at or above the median rent. 51.11% of households who rent are overburdened in Arco.

Area Median Income In Arco

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 Arco, the AMI is calculated from all households within Butte County.

In Arco, HUD calculates the Area Median Income for a family of four as $61,500

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 Arco

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 HUD Rental Assistance in Arco

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Arco AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,800 $19,720 $24,860 $30,000 $35,140 $40,280 $43,650 $46,500
50% AMI Income Limits
Renters earning up to 50% of the Arco AMI may qualify for rental assistance programs that target Very Low Income households.
$24,650 $28,200 $31,700 $35,200 $38,050 $40,850 $43,650 $46,500
80% AMI Income Limits
Renters earning up to 80% of the Arco AMI may qualify for rental assistance programs that target Low Income households.
$39,450 $45,050 $50,700 $56,300 $60,850 $65,350 $69,850 $74,350