Affordable Housing In Idaho Falls
Bonneville County, Idaho

16 Low Income Apartment Communities In Idaho Falls

Transitional Living Center

725 Lomax Rd
Idaho Falls, ID
Call For Rent
1 BR
Accessible
Disabled Supportive Housing
Subsidized

Riverside Senior Housing

450 J St
Idaho Falls, ID
Subsidized

Teton View Senior Housing

1550 Teton View Ln
Idaho Falls, ID
62+
Accessible
Elderly Supportive Housing
Subsidized

Elk Creek

1960 Martha Ave Apt Ofc
Idaho Falls, ID
HCV Welcome

Saturn Apartments

740 Saturn Ave
Idaho Falls, ID
Subsidized

Sandcreek Apartments

1250 Ashment Ave
Idaho Falls, ID
Subsidized

Mountain Falls Apartments

1275 S Woodruff Ave
Idaho Falls, ID
62+
Accessible
Elderly Supportive Housing
Subsidized

Willowtree Apartments

144 S Maurine Dr
Idaho Falls, ID
Subsidized

Bonneville Apartments

635 Park Ave
Idaho Falls, ID
HCV Welcome

Aspen Park Apartments

1440 Elizabeth Dr
Idaho Falls, ID
HCV Welcome

Guide To Affordable Housing in Idaho Falls, Idaho

According to federal housing data and AffordableHousingOnline.com research, there are 16 low income housing apartment communities offering 866 affordable apartments for rent in Idaho Falls, Idaho. Idaho Falls features 264 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 602 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Idaho Falls.

Idaho Falls, ID Affordable Housing Snapshot

Total Affordable Apartment Properties 16
Total Low Income Apartments 866
Total Housing Units with Rental Assistance 264
Percentage of Housing Units Occupied By Renters 34.57%
Average Renter Household Size 2.46
Average Household Size 2.72
Median Household Income $44,580 ±$1,906
Median Rent $696 ±$25
Percentage Of Renters Overburdened 47.2% ± 4.48pp
Total Population 58,374

Population and Household Demographics

Idaho Falls is a City in Bonneville County, Idaho with a population of 58,374. There are 20,945 households in the city with an average household size of 2.72 persons. 34.57% of households in Idaho Falls are renters.

Income and Rent Overburden in Idaho Falls

The median gross income for households in Idaho Falls is $44,580 a year, or $3,715 a month. The median rent for the city is $696 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Idaho Falls, a household making less than $2,320 a month would be considered overburdened when renting an apartment at or above the median rent. 47.2% of households who rent are overburdened in Idaho Falls.1

Area Median Income In Idaho Falls

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 Idaho Falls, the AMI is calculated from all households within Bonneville County.

In Idaho Falls, HUD calculates the Area Median Income for a family of four as $72,500

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 Idaho Falls

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 Idaho Falls HUD Rental Assistance in Idaho Falls

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,350 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
80% of Median $38,300 $43,800 $49,250 $54,700 $59,100 $63,500 $67,850 $72,250
Low Income Housing Tax Credits in Idaho Falls

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1994 to 2012, 8 low income apartment communities containing 572 rental apartments have been constructed and made affordable to low income persons in Idaho Falls by the Low Income Housing Tax Credit Program.

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 Idaho Falls

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
60% of Median $28,740 $32,880 $36,960 $41,040 $44,340 $47,640 $50,940 $54,180

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 Idaho Falls is $36,960 a year, or $3,080 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,080 by 30% to get a maximum rent of $924 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 AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $599 $642 $770 $889 $993 $1,095
60% $719 $770 $924 $1,067 $1,191 $1,314
Fair Market Rents in Idaho Falls

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$522 $645 $792 $1,143 $1,364