Low Income Apartments and Affordable Housing For Rent in Idaho Falls, ID

Discover affordable housing in Idaho Falls where there are 42+ 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.

Teton Mesa

885 Lomax St, Idaho Falls, Idaho 83402

bed 1-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Choice - Rental Acquisition

690 James Pl, Idaho Falls, Idaho 83401

How To Identify Affordable Housing in Idaho Falls, Idaho

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Idaho Falls, Idaho
$20.80/hour
$13.55 (+187%) more than Idaho minimum wage and $13.55 (+187%) more than the Federal minimum wage.
Learn More About Idaho Falls, Idaho Affordable Housing ↓

How many renters live in Idaho Falls, Idaho?

The City of Idaho Falls has people living in households.

There are renters living in renter households in this City. Renters make up 23.87 percent of the population living in Idaho Falls.

What is the rental market like in Idaho Falls, Idaho?

There are an estimated housing units in the Idaho Falls area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Idaho Falls, Idaho, there are 1.27 rental units.

What is the vacancy rate for rentals in Idaho Falls?

The rental vacancy rate in Idaho Falls is 4 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 Idaho Falls for each bedroom size?

Occupied Rental Units by Size in Idaho Falls
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
426 1,941 4,102 1,471 561
Occupied Rental Units by Size in Idaho Falls

A large number of apartments in Idaho Falls have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Idaho Falls

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $803 to $1,863. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $803
One BR $903
Two BR $1,098
Three BR $1,546
Four BR $1,863
2024 Fair Market Rents in Idaho Falls, Idaho

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

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 161 38 percent
One BR 1,275 66 percent
Two BR 3,071 75 percent
Rental Units Below FMR in Idaho Falls, Idaho

How many affordable rental units are in Idaho Falls?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Idaho Falls, Idaho

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

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 $988 and $1,208.

Sourced from federal housing data and AffordableHousingOnline.com research.

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