Affordable Housing In Elko County
Nevada

21 Low Income Apartment Communities In Elko County

Stonecreek Apartments

2817 W Tibbets Blvd
Wendover, NV
Call For Rent
2-4 BR
HCV Welcome

Winchester Senior Housing

1810 Winchester Rd
Elko, NV
62+
Accessible
Elderly Supportive Housing
Subsidized

Green Acre Park Apartments

851 Court St
Elko, NV
Subsidized

Mountain Shadows Apartments

1805 Winchester
Elko, NV
HCV Welcome

Mountain View Apartments

1235 Lady Luck Dr
Jackpot, NV
Subsidized

Pinion Apartments

1170 Colt Dr
Elko, NV
Subsidized

Quail Run at Rivers Edge

Corner S 12th & Clarkson Dr
Elko, NV

Nevada

Butte St
Wendover, NV
HCV Welcome

Sage West Apartments

1002 W Sage St
Elko, NV
Subsidized

Sage West II Apartments

551 Cimarron Way
Elko, NV

There are 21 low income housing apartment complexes which contain 1,260 affordable apartments for rent in Elko County. Many of these rental apartments are income based housing with 919 apartments that set rent based on your income. In Elko County, HUD housing programs support 40 rental assistance apartments through programs like Project-based Section 8. There are 341 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Elko County

Housing Authority Programs
Nevada Rural Housing Authority Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Rental Assistance (PBRA)

Guide To Affordable Housing in Elko County, Nevada

Elko County, NV Affordable Housing Snapshot

Total Affordable Apartment Properties 21
Total Low Income Apartments 1,260
Total Rent Assisted Apartments 919
Percentage of Housing Units Occupied By Renters 29.71%
Average Renter Household Size 2.71
Total Population 51,562
Housing Units 17,696
Average Household Size 2.87
Median Household Income $71,799 ±$3,135
Median Rent $895 ±$44
Percentage Of Renters Overburdened 29.61% ± 4.42pp

Population and Household Demographics

Elko County is a County in Nevada with a population of 51,562. There are 17,696 households in the county with an average household size of 2.87 persons. 29.71% of households in Elko County are renters.

Income and Rent Overburden in Elko County

The median gross income for households in Elko County is $71,799 a year, or $5,983 a month. The median rent for the county is $895 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Elko County, a household making less than $2,983 a month would be considered overburdened when renting an apartment at or above the median rent. 29.61% of households who rent are overburdened in Elko County.1

Area Median Income In Elko County

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.

In Elko County, HUD calculates the Area Median Income for a family of four as $87,400

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 Elko County

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 Elko County HUD Rental Assistance in Elko County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,350 $21,000 $23,600 $26,200 $30,170 $34,590 $39,010 $43,430
50% of Median $30,600 $35,000 $39,350 $43,700 $47,200 $50,700 $54,200 $57,700
80% of Median $48,950 $55,950 $62,950 $69,900 $75,500 $81,100 $86,700 $92,300
Low Income Housing Tax Credits in Elko County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1995 to 2006, 7 low income apartment communities containing 223 rental apartments have been constructed and made affordable to low income persons in Elko County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Elko County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $30,600 $35,000 $39,350 $43,700 $47,200 $50,700 $54,200 $57,700
60% of Median $36,720 $42,000 $47,220 $52,440 $56,640 $60,840 $65,040 $69,240

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Elko County is $47,220 a year, or $3,935 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,935 by 30% to get a maximum rent of $1,181 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $765 $820 $984 $1,136 $1,268 $1,399
60% $918 $984 $1,181 $1,364 $1,521 $1,679
Fair Market Rents in Elko County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$590 $694 $918 $1,327 $1,346

Cities In Elko County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Elko 12 The HUD funded Public Housing Agency that serves Elko is the Nevada Rural Housing Authority.
Wendover 2 The HUD funded Public Housing Agency that serves Wendover is the Nevada Rural Housing Authority.
Jackpot 2 The HUD funded Public Housing Agency that serves Jackpot is the Nevada Rural Housing Authority.
West Wendover 4 The HUD funded Public Housing Agency that serves West Wendover is the Nevada Rural Housing Authority.
Owyhee 1 The HUD funded Public Housing Agency that serves Owyhee is the Nevada Rural Housing Authority.
Carlin 0 The HUD funded Public Housing Agency that serves Carlin is the Nevada Rural Housing Authority.
Lamoille 0 The HUD funded Public Housing Agency that serves Lamoille is the Nevada Rural Housing Authority.
Montello 0 The HUD funded Public Housing Agency that serves Montello is the Nevada Rural Housing Authority.
Oasis 0 The HUD funded Public Housing Agency that serves Oasis is the Nevada Rural Housing Authority.
Osino 0 The HUD funded Public Housing Agency that serves Osino is the Nevada Rural Housing Authority.
Spring Creek 0 The HUD funded Public Housing Agency that serves Spring Creek is the Nevada Rural Housing Authority.
Wells 0 The HUD funded Public Housing Agency that serves Wells is the Nevada Rural Housing Authority.