. Low Income Apartments For Rent in Meridian, Idaho - Affordable Housing Online

The Foothills

2308 E Franklin Rd
Meridian, Idaho
Rent Assisted
Call For Rent
2-4 BR

James Court Apartments

2190 N Meridian Rd
Meridian, Idaho
Income Based
1-3 BR

Tramore Senior Apartments

1103 W. Pine Ave.
Meridian, Idaho
Rent Assisted

Emerald Village IV

1150 Riverside Ave.
Meridian, Idaho

Washington Square

416-510 E Washington Ave
Meridian, Idaho
Rent Assisted
S. 515 Rural
Call For Rent
1-2 BR

Leisure Village VII Mw

1721 NW 8th St
Meridian, Idaho
Rent Assisted
S. 515 Rural

Hope Arms

96 Hope Arms Ln
Meridian, Idaho
Rent Assisted
S. 515 Rural

Northgate Villas 2

1400 W Maple Ave
Meridian, Idaho
Rent Assisted
S. 515 Rural
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There are 258 low-income apartments in Meridian that offer reduced rents to eligible households.

Rental assistance programs support 68 low-income homes in Meridian where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $401 towards rent each month.

Affordable rent data for some communities last confirmed on March 31st, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Meridian, Idaho

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Ada County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Boise City Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Idaho Public Housing and Low-Income Apartments Waiting Lists page for openings near Meridian.

Meridian, Idaho Affordable Housing Data

Income Based Apartments in Meridian, Idaho

Meridian features 68 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 Meridian, Idaho

There are 258 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Meridian.

Housing Choice Vouchers in Meridian, Idaho

On average, Section 8 Housing Choice vouchers pay Meridian landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Meridian.

The maximum amount a voucher would pay on behalf of a low-income tenant in Meridian, Idaho for a two-bedroom apartment is between $1,179 and $1,441.

2023 Meridian, 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
Meridian, Idaho Fair Market Rent $929 $1,059 $1,310 $1,841 $2,159
Meridian, Idaho Payment Standard Range $836 to $1,022 $953 to $1,165 $1,179 to $1,441 $1,657 to $2,025 $1,943 to $2,375

Sourced from federal housing data and AffordableHousingOnline.com research.

Meridian, ID Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 326
Total Housing Units with Rental Assistance 68
Percentage of Housing Units Occupied By Renters 24.3%
Average Renter Household Size 2.86
Average Household Size 2.84
Median Household Income $63,023 ±$3,062
Median Rent $1,003 ±$61
Percentage Of Renters Overburdened 45.97% ± 5.4pp
Total Population 84,018

Population and Household Demographics

Meridian is a city in Ada County, Idaho with a population of 84,018. There are 29,499 households in the city with an average household size of 2.84 persons. 24.3% of households in Meridian are renters.

Income and Rent Overburden in Meridian

The median gross income for households in Meridian is $63,023 a year, or $5,252 a month. The median rent for the city is $1,003 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Meridian, a household making less than $3,343 a month would be considered overburdened when renting an apartment at or above the median rent. 45.97% of households who rent are overburdened in Meridian.

Area Median Income In Meridian

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 Meridian, the AMI is calculated from all households within Ada County.

In Meridian, HUD calculates the Area Median Income for a family of four as $98,300

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 Meridian

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 Meridian

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 Meridian AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,750 $21,400 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Meridian AMI may qualify for rental assistance programs that target Very Low Income households.
$31,200 $35,650 $40,100 $44,550 $48,150 $51,700 $55,250 $58,850
80% AMI Income Limits
Renters earning up to 80% of the Meridian AMI may qualify for rental assistance programs that target Low Income households.
$49,950 $57,050 $64,200 $71,300 $77,050 $82,750 $88,450 $94,150