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

Riverside Sawtooth

504 E 5th St
Shoshone, Idaho
Rent Assisted
S. 515 Rural
Showing Results 1-15
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There are 0 low-income apartments in Shoshone that offer reduced rents to eligible households.

Rental assistance programs support 20 low-income homes in Shoshone where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Shoshone, Idaho Affordable Housing Data

Income Based Apartments in Shoshone, Idaho

Shoshone features 20 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 Shoshone, Idaho

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

Housing Choice Vouchers in Shoshone, Idaho

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Shoshone, Idaho for a two-bedroom apartment is between $743 and $909.

2023 Shoshone, 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
Shoshone, Idaho Fair Market Rent $629 $663 $826 $1,174 $1,388
Shoshone, Idaho Payment Standard Range $566 to $692 $597 to $729 $743 to $909 $1,057 to $1,291 $1,249 to $1,527

Sourced from federal housing data and AffordableHousingOnline.com research.

Shoshone, ID Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 20
Total Housing Units with Rental Assistance 20
Percentage of Housing Units Occupied By Renters 39.31%
Average Renter Household Size 3.14
Average Household Size 2.72
Median Household Income $35,568 ±$7,585
Median Rent $802 ±$183
Percentage Of Renters Overburdened 46.54% ± 13.78pp
Total Population 1,542

Population and Household Demographics

Shoshone is a city in Lincoln County, Idaho with a population of 1,542. There are 552 households in the city with an average household size of 2.72 persons. 39.31% of households in Shoshone are renters.

Income and Rent Overburden in Shoshone

The median gross income for households in Shoshone is $35,568 a year, or $2,964 a month. The median rent for the city is $802 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Shoshone, a household making less than $2,673 a month would be considered overburdened when renting an apartment at or above the median rent. 46.54% of households who rent are overburdened in Shoshone.

Area Median Income In Shoshone

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 Shoshone, the AMI is calculated from all households within Lincoln County.

In Shoshone, HUD calculates the Area Median Income for a family of four as $70,000

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 Shoshone

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 Shoshone

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30% AMI Income Limits
Renters earning up to 30% of the Shoshone AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,800 $19,720 $24,860 $30,000 $35,140 $40,280 $43,650 $46,500
50% AMI Income Limits
Renters earning up to 50% of the Shoshone AMI may qualify for rental assistance programs that target Very Low Income households.
$24,650 $28,200 $31,700 $35,200 $38,050 $40,850 $43,650 $46,500
80% AMI Income Limits
Renters earning up to 80% of the Shoshone AMI may qualify for rental assistance programs that target Low Income households.
$39,450 $45,050 $50,700 $56,300 $60,850 $65,350 $69,850 $74,350