. Low Income Apartments For Rent in Powell, Wyoming - Affordable Housing Online

Apply to Powell Apartment Waiting Lists

The Surrey

1283 W 7th St
Powell, Wyoming
Rent Assisted
Call For Rent
1-2 BR

Rocky Mountain Manor

140 N Cheyenne St
Powell, Wyoming

Parkview Village II

747 N Absaroka St
Powell, Wyoming
Rent Assisted
S. 515 Rural

Parkview Village I

749 N Beckman St
Powell, Wyoming
Rent Assisted
S. 515 Rural
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There are 20 low-income apartments in Powell that offer reduced rents to eligible households.

Rental assistance programs support 148 low-income homes in Powell where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $302 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.

Public Housing Agencies Serving Powell, Wyoming

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Housing Authority of the City of Cheyenne Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Wyoming Public Housing and Low-Income Apartments Waiting Lists page for openings near Powell.

Powell, Wyoming Affordable Housing Data

Income Based Apartments in Powell, Wyoming

Powell features 148 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 Powell, Wyoming

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Powell.

Housing Choice Vouchers in Powell, Wyoming

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Powell, Wyoming for a two-bedroom apartment is between $815 and $997.

2023 Powell, Wyoming 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
Powell, Wyoming Fair Market Rent $684 $688 $906 $1,211 $1,543
Powell, Wyoming Payment Standard Range $616 to $752 $619 to $757 $815 to $997 $1,090 to $1,332 $1,389 to $1,697

Sourced from federal housing data and AffordableHousingOnline.com research.

Powell, WY Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 168
Total Housing Units with Rental Assistance 148
Percentage of Housing Units Occupied By Renters 30.83%
Average Renter Household Size 1.91
Average Household Size 2.25
Median Household Income $46,862 ±$6,228
Median Rent $715 ±$152
Percentage Of Renters Overburdened 20.12% ± 16.34pp
Total Population 6,408

Population and Household Demographics

Powell is a city in Park County, Wyoming with a population of 6,408. There are 2,611 households in the city with an average household size of 2.25 persons. 30.83% of households in Powell are renters.

Income and Rent Overburden in Powell

The median gross income for households in Powell is $46,862 a year, or $3,905 a month. The median rent for the city is $715 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Powell, a household making less than $2,383 a month would be considered overburdened when renting an apartment at or above the median rent. 20.12% of households who rent are overburdened in Powell.

Area Median Income In Powell

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 Powell, the AMI is calculated from all households within Park County.

In Powell, HUD calculates the Area Median Income for a family of four as $84,000

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 Powell

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 Powell

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Powell AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,500 $22,250 $25,050 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Powell AMI may qualify for rental assistance programs that target Very Low Income households.
$32,450 $37,100 $41,750 $46,350 $50,100 $53,800 $57,500 $61,200
80% AMI Income Limits
Renters earning up to 80% of the Powell AMI may qualify for rental assistance programs that target Low Income households.
$51,950 $59,350 $66,750 $74,150 $80,100 $86,050 $91,950 $97,900