Low Income Apartments and Affordable Housing For Rent in Soda Springs, ID

Discover affordable housing in Soda Springs where there are 3+ 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.

Alsace Village

341 S 1st E , Soda Springs, Idaho 83276

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible

Fountain Terrace Apartments

351 S 1st W, Soda Springs, Idaho 83276

Soda Springs Vista

451 N 7th E, Soda Springs, Idaho 83276

How To Identify Affordable Housing in Soda Springs, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Soda Springs, Idaho
$17.14/hour
$9.89 (+136%) more than Idaho minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Soda Springs, Idaho Affordable Housing ↓

How many renters live in Soda Springs, Idaho?

The City of Soda Springs has 3,124 people living in 1,213 households.

There are 683 renters living in 356 renter households in this City. Renters make up 21.86 percent of the population living in Soda Springs.

What is the rental market like in Soda Springs, Idaho?

There are an estimated 1,369 housing units in the Soda Springs area. Of these, 382 units are rental homes, making up 28 percent of the housing market. For every renter household in Soda Springs, Idaho, there are 1 rental units.

What is the vacancy rate for rentals in Soda Springs?

The rental vacancy rate in Soda Springs is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Soda Springs for each bedroom size?

Occupied Rental Units by Size in Soda Springs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
36 62 157 44 57
Occupied Rental Units by Size in Soda Springs

A large number of apartments in Soda Springs 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 Soda Springs are overburdened by housing costs?

Among renter households in this market, 56 percent have housing cost burden. Further, 35 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 Soda Springs

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $665 to $1,500. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $665
One BR $689
Two BR $905
Three BR $1,275
Four BR $1,500
2024 Fair Market Rents in Soda Springs, Idaho

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

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 0 100 percent
One BR 49 79 percent
Two BR 138 88 percent
Rental Units Below FMR in Soda Springs, Idaho

How many affordable rental units are in Soda Springs?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
Section 8 Project-Based Rental Assistance 33
Tracked Units by Federal Program in Soda Springs, Idaho

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

Income Based Apartments in Soda Springs, Idaho

Soda Springs features 56 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 Soda Springs, Idaho

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Soda Springs.

Housing Choice Vouchers in Soda Springs, Idaho

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Soda Springs, Idaho for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.