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

Discover affordable housing in Ponderay where there are 2+ 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.

Mt Baldy Apartments

835 Kootenai Cut Off Rd, Ponderay, Idaho 83852

switch_access_shortcut Short Wait
accessibility Accessible

Woodland Crossing ( Mt Baldy Senior )

839 Kootenai Cut Off Rd, Ponderay, Idaho 83852

switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Ponderay, 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 Ponderay, Idaho
$12.98 (+179%) more than Idaho minimum wage and $12.98 (+179%) more than the Federal minimum wage.
Learn More About Ponderay, Idaho Affordable Housing ↓

How many renters live in Ponderay, Idaho?

The City of Ponderay has people living in households.

There are renters living in renter households in this City. Renters make up 67.05 percent of the population living in Ponderay.

What is the rental market like in Ponderay, Idaho?

There are an estimated housing units in the Ponderay area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Ponderay, Idaho, there are 1.05 rental units.

What is the vacancy rate for rentals in Ponderay?

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

Occupied Rental Units by Size in Ponderay
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 47 214 87 6
Occupied Rental Units by Size in Ponderay

A large number of apartments in Ponderay 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 Ponderay

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $825 to $1,812. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $825
One BR $830
Two BR $1,068
Three BR $1,505
Four BR $1,812
2024 Fair Market Rents in Ponderay, Idaho

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

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 2 25 percent
One BR 22 47 percent
Two BR 144 67 percent
Rental Units Below FMR in Ponderay, Idaho

How many affordable rental units are in Ponderay?

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

Federal Program Unit Count
Low Income Housing Tax Credit
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Ponderay, Idaho

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

Income Based Apartments in Ponderay, Idaho

Ponderay features 0 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 Ponderay, Idaho

There are 85 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ponderay.

Housing Choice Vouchers in Ponderay, Idaho

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Ponderay, Idaho for a two-bedroom apartment is between $961 and $1,175.

Sourced from federal housing data and AffordableHousingOnline.com research.