; Low Income Apartments For Rent in Idaho Falls, ID

Teton Mesa

885 Lomax St
Idaho Falls, Idaho
Rent Assisted
Call For Rent
1-3 BR

Choice - Rental Acquisition

690 James Pl
Idaho Falls, Idaho
Rent Assisted
Showing Results 16-17

There are 673 low-income apartments in Idaho Falls that offer reduced rents to eligible households.

Rental assistance programs support 267 low-income homes in Idaho Falls where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $328 towards rent each month.

Affordable rent data for some communities last confirmed on February 16th, 2023. Subdsidized rents typically change once a year based on federal guidance.

Idaho Falls, Idaho Affordable Housing Data

Income Based Apartments in Idaho Falls, Idaho

Idaho Falls features 267 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 Idaho Falls, Idaho

There are 673 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Idaho Falls.

Housing Choice Vouchers in Idaho Falls, Idaho

On average, Section 8 Housing Choice vouchers pay Idaho Falls landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Idaho Falls.

The maximum amount a voucher would pay on behalf of a low-income tenant in Idaho Falls, Idaho for a two-bedroom apartment is between $881 and $1,077.

2023 Idaho Falls, 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
Idaho Falls, Idaho Fair Market Rent $670 $796 $979 $1,391 $1,668
Idaho Falls, Idaho Payment Standard Range $603 to $737 $716 to $876 $881 to $1,077 $1,252 to $1,530 $1,501 to $1,835

Sourced from federal housing data and AffordableHousingOnline.com research.

Idaho Falls, ID Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 940
Total Housing Units with Rental Assistance 267
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.

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 $88,400

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 HUD Rental Assistance in Idaho Falls

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 Idaho Falls AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,950 $20,500 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Idaho Falls AMI may qualify for rental assistance programs that target Very Low Income households.
$29,900 $34,200 $38,450 $42,700 $46,150 $49,550 $52,950 $56,400
80% AMI Income Limits
Renters earning up to 80% of the Idaho Falls AMI may qualify for rental assistance programs that target Low Income households.
$47,850 $54,650 $61,500 $68,300 $73,800 $79,250 $84,700 $90,200