Low Income Apartments and Affordable Housing For Rent in Albany County, WY

Discover affordable housing in Albany County where there are 24+ 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.

Rems

2209 Nighthawk Dr, Laramie, Wyoming 82072

switch_access_shortcut Short Wait

Gem City Housing

1359 N 5th St, Laramie, Wyoming 82072

switch_access_shortcut Short Wait

Condominiums in Laramie

2768 Jackson St, Laramie, Wyoming 82070

Southeast Wyo Mental Health

1680 N 6th St, Laramie, Wyoming 82072

How To Identify Affordable Housing in Albany County, Wyoming

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 Albany County, Wyoming
$19.26/hour
$12.01 (+166%) more than Wyoming minimum wage and $12.01 (+166%) more than the Federal minimum wage.
Learn More About Albany County, Wyoming Affordable Housing ↓

How many renters live in Albany County, Wyoming?

The County of Albany County has people living in households.

There are renters living in renter households in this County. Renters make up 41.77 percent of the population living in Albany County.

What is the rental market like in Albany County, Wyoming?

There are an estimated housing units in the Albany County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Albany County, Wyoming, there are 1.09 rental units.

What is the vacancy rate for rentals in Albany County?

The rental vacancy rate in Albany County is 6 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 Albany County for each bedroom size?

Occupied Rental Units by Size in Albany County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
315 1,715 2,764 1,894 1,008
Occupied Rental Units by Size in Albany County

A large number of apartments in Albany County 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 Albany County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $767 to $1,726. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $767
One BR $841
Two BR $1,017
Three BR $1,433
Four BR $1,726
2024 Fair Market Rents in Albany County, Wyoming

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

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 245 78 percent
One BR 1,156 67 percent
Two BR 1,807 65 percent
Rental Units Below FMR in Albany County, Wyoming

How many affordable rental units are in Albany County?

There are a variety of federal affordable housing programs serving households in Albany County, Wyoming including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in Albany County, Wyoming

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

Income Based Apartments in Albany County, Wyoming

Albany County features 456 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 Albany County, Wyoming

There are 156 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Albany County.

Housing Choice Vouchers in Albany County, Wyoming

On average, Section 8 Housing Choice vouchers pay Albany County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Albany County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Albany County, Wyoming for a two-bedroom apartment is between $915 and $1,119.

Sourced from federal housing data and AffordableHousingOnline.com research.

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