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

Discover affordable housing in Parma where there are 1+ 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.

Parma Senior Housing

1101 E Stockton Rd, Parma, Idaho 83660

How To Identify Affordable Housing in Parma, 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.
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Parma, Idaho
$19.04 (+263%) more than Idaho minimum wage and $19.04 (+263%) more than the Federal minimum wage.
Learn More About Parma, Idaho Affordable Housing ↓

What HUD offices serve Parma, 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, Homeownership Voucher, Family Self-Sufficiency programs for Parma, Idaho.

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

How many renters live in Parma, Idaho?

The City of Parma has 1,937 people living in 707 households.

There are 546 renters living in 209 renter households in this City. Renters make up 28.19 percent of the population living in Parma.

What is the rental market like in Parma, Idaho?

There are an estimated 737 housing units in the Parma area. Of these, 209 units are rental homes, making up 28 percent of the housing market. For every renter household in Parma, Idaho, there are 1 rental units.

What is the vacancy rate for rentals in Parma?

The rental vacancy rate in Parma is 0 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 Parma for each bedroom size?

Occupied Rental Units by Size in Parma
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 45 78 77 9
Occupied Rental Units by Size in Parma

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

How many renter households in Parma are overburdened by housing costs?

Among renter households in this market, 41 percent have housing cost burden. Further, 11 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Parma

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 Parma, Idaho

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

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
One BR 39 87 percent
Two BR 61 78 percent
Rental Units Below FMR in Parma, Idaho

How many affordable rental units are in Parma?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 38
Tracked Units by Federal Program in Parma, Idaho

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

Income Based Apartments in Parma, Idaho

Parma features 38 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 Parma, Idaho

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Parma.

Housing Choice Vouchers in Parma, Idaho

On average, Section 8 Housing Choice vouchers pay Parma landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Parma.

The maximum amount a voucher would pay on behalf of a low-income tenant in Parma, Idaho for a two-bedroom apartment is between $1,249 and $1,527.

Sourced from federal housing data and AffordableHousingOnline.com research.