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

Discover affordable housing in Meridian where there are 31+ 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.

1923 E Wilson Ln Unit D

1923 E Wilson Ln Unit D, Meridian, Idaho 83642

bed 2
payment $1045/mo.

2012 N Gladewater Ave

2012 N Gladewater Ave, Meridian, Idaho 83646

bed 2
payment $1045/mo.

1901 E Wilson Ln Unit D

1901 E Wilson Ln Unit D, Meridian, Idaho 83642

bed 2
payment $945/mo.

1041 W Pine Ave Unit #1

1041 W Pine Ave Unit #1, Meridian, Idaho 83642

bed 3
payment $1576/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

929 N Bonsai Ln

929 N Bonsai Ln, Meridian, Idaho 83642

bed 2
payment $1295/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

3836 W Chair Lift Ln

3836 W Chair Lift Ln, Meridian, Idaho 83642

bed 3
payment $1645/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

3715 N Centrepoint Way

3715 N Centrepoint Way, Meridian, Idaho 83646

bed 3
payment $1595/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

Washington Square

416-510 E Washington Ave, Meridian, Idaho 83642

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

Leisure Village VII Mw

1721 NW 8th St, Meridian, Idaho 83646

Hope Arms

96 Hope Arms Ln, Meridian, Idaho 0

Northgate Villas 2

1400 W Maple Ave, Meridian, Idaho 83642

How To Identify Affordable Housing in Meridian, 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 Meridian, Idaho
$26.29/hour
$19.04 (+263%) more than Idaho minimum wage and $19.04 (+263%) more than the Federal minimum wage.
Learn More About Meridian, Idaho Affordable Housing ↓

What HUD offices serve 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Meridian, Idaho.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Meridian, Idaho.

Go to the Idaho Public Housing and Low-Income Apartments Waiting Lists page for openings near Meridian.

How many renters live in Meridian, Idaho?

The City of Meridian has people living in households.

There are renters living in renter households in this City. Renters make up 24.5 percent of the population living in Meridian.

What is the rental market like in Meridian, Idaho?

There are an estimated housing units in the Meridian area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Meridian, Idaho, there are 0.75 rental units.

What is the vacancy rate for rentals in Meridian?

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

Occupied Rental Units by Size in Meridian
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
215 1,209 4,317 2,984 1,367
Occupied Rental Units by Size in Meridian

A large number of apartments in Meridian 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 Meridian

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $993 to $2,298. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $993
One BR $1,139
Two BR $1,388
Three BR $1,956
Four BR $2,298
2024 Fair Market Rents in Meridian, Idaho

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

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 115 53 percent
One BR 446 37 percent
Two BR 2,481 57 percent
Rental Units Below FMR in Meridian, Idaho

How many affordable rental units are in Meridian?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Meridian, Idaho

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

Income Based Apartments in Meridian, Idaho

Meridian features 86 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 234 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 $1,249 and $1,527.

Sourced from federal housing data and AffordableHousingOnline.com research.

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