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

Discover affordable housing in Downey where there are 1+ 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.

South Downey Apt

66 S Main St, Downey, Idaho

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Downey, Idaho
$18.69/hour
$11.44 (+158%) more than Idaho minimum wage and $11.44 (+158%) more than the Federal minimum wage.
Learn More About Downey, Idaho Affordable Housing ↓

How many renters live in Downey, Idaho?

The City of Downey has 806 people living in 304 households.

There are 120 renters living in 48 renter households in this City. Renters make up 14.89 percent of the population living in Downey.

What is the rental market like in Downey, Idaho?

There are an estimated 333 housing units in the Downey area. Of these, 48 units are rental homes, making up 14 percent of the housing market. For every renter household in Downey, Idaho, there are 1 rental units.

What is the vacancy rate for rentals in Downey?

The rental vacancy rate in Downey 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 Downey for each bedroom size?

Occupied Rental Units by Size in Downey
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
14 9 9 11 5
Occupied Rental Units by Size in Downey

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

Among renter households in this market, 71 percent have housing cost burden. Further, 65 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 Downey

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $669 to $1,675. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $669
One BR $751
Two BR $987
Three BR $1,391
Four BR $1,675
2024 Fair Market Rents in Downey, Idaho

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

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 0 100 percent
Two BR 7 78 percent
Rental Units Below FMR in Downey, Idaho

How many affordable rental units are in Downey?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 8
Tracked Units by Federal Program in Downey, Idaho

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

Income Based Apartments in Downey, Idaho

Downey features 8 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 Downey, Idaho

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

Housing Choice Vouchers in Downey, Idaho

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Downey, Idaho for a two-bedroom apartment is between $888 and $1,086.

Sourced from federal housing data and AffordableHousingOnline.com research.