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

Discover affordable housing in Challis where there are 3+ 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.

Redstone

Hc 63 Box 1709 , Challis, Idaho 83226

Pioneer Court

357 3RD ST S, Challis, Idaho 83226

Challis Senior Assisted Living

PO Box 1400, Challis, Idaho 83226

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Challis, Idaho
$18.45/hour
$11.20 (+154%) more than Idaho minimum wage and $11.20 (+154%) more than the Federal minimum wage.
Learn More About Challis, Idaho Affordable Housing ↓

How many renters live in Challis, Idaho?

The City of Challis has 840 people living in 348 households.

There are 293 renters living in 161 renter households in this City. Renters make up 34.88 percent of the population living in Challis.

What is the rental market like in Challis, Idaho?

There are an estimated 553 housing units in the Challis area. Of these, 176 units are rental homes, making up 32 percent of the housing market. For every renter household in Challis, Idaho, there are 1 rental units.

What is the vacancy rate for rentals in Challis?

The rental vacancy rate in Challis is 3 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 Challis for each bedroom size?

Occupied Rental Units by Size in Challis
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
16 29 78 38 0
Occupied Rental Units by Size in Challis

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

Among renter households in this market, 45 percent have housing cost burden. Further, 24 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 Challis

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $715 to $1,641. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $715
One BR $748
Two BR $974
Three BR $1,373
Four BR $1,641
2024 Fair Market Rents in Challis, Idaho

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

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 0 100 percent
One BR 29 100 percent
Two BR 77 99 percent
Rental Units Below FMR in Challis, Idaho

How many affordable rental units are in Challis?

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

Federal Program Unit Count
Low Income Housing Tax Credit 23
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Challis, Idaho

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

Income Based Apartments in Challis, Idaho

Challis features 40 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 Challis, Idaho

There are 18 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Challis.

Housing Choice Vouchers in Challis, Idaho

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Challis, Idaho for a two-bedroom apartment is between $877 and $1,071.

Sourced from federal housing data and AffordableHousingOnline.com research.