Low Income Apartments and Affordable Housing For Rent in Cascade, ID

Find 2 low-income apartments and rental assistance options in Cascade, ID – including subsidized, public, senior, HUD, and other government housing programs.

Claremont

410 Old State Highway , Cascade, Idaho 83611

Cascade Senior Housing

13 E Spring St, Cascade, Idaho 83611

Open Until Further Notice

Reported On March 8th, 2019 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cascade, Idaho
$20.28/hour
$13.03 (+180%) more than Idaho minimum wage and $13.03 (+180%) more than the Federal minimum wage.
Learn More About Cascade, Idaho Affordable Housing ↓

What HUD offices serve Cascade, Idaho?

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, Family Self-Sufficiency programs for Cascade, Idaho.

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

How many renters live in Cascade, Idaho?

The City of Cascade has 1,197 people living in 358 households.

There are 126 renters living in 46 renter households in this City. Renters make up 10.53 percent of the population living in Cascade.

What is the rental market like in Cascade, Idaho?

There are an estimated 803 housing units in the Cascade area. Of these, 46 units are rental homes, making up 6 percent of the housing market. For every renter household in Cascade, Idaho, there are 1 rental units.

What is the vacancy rate for rentals in Cascade?

The rental vacancy rate in Cascade is 0 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 Cascade for each bedroom size?

Occupied Rental Units by Size in Cascade
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 30 7 9 0
Occupied Rental Units by Size in Cascade

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

Among renter households in this market, 83 percent have housing cost burden. Further, 76 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 Cascade

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $786 to $1,805. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $786
One BR $954
Two BR $1,071
Three BR $1,473
Four BR $1,805
2024 Fair Market Rents in Cascade, Idaho

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

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
One BR 13 43 percent
Two BR 1 14 percent
Rental Units Below FMR in Cascade, Idaho

How many affordable rental units are in Cascade?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Cascade, Idaho

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

Income Based Apartments in Cascade, Idaho

Cascade features 28 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 Cascade, Idaho

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

Housing Choice Vouchers in Cascade, Idaho

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cascade, Idaho for a two-bedroom apartment is between $964 and $1,178.

Sourced from federal housing data and AffordableHousingOnline.com research.