Low Income Apartments and Affordable Housing For Rent in Powell, WY

Discover affordable housing in Powell where there are 4+ 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.

The Surrey

1283 W 7th St, Powell, Wyoming 82435

bed 1-2

Rocky Mountain Manor

140 N Cheyenne St, Powell, Wyoming 82435

Parkview Village II

747 N Absaroka St, Powell, Wyoming 82435

Parkview Village I

749 N Beckman St, Powell, Wyoming 82435

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Powell, 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.
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Powell, Wyoming
$11.97 (+165%) more than Wyoming minimum wage and $11.97 (+165%) more than the Federal minimum wage.
Learn More About Powell, Wyoming Affordable Housing ↓

What HUD offices serve 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Powell, Wyoming.

Go to the Wyoming Public Housing and Low-Income Apartments Waiting Lists page for openings near Powell.

How many renters live in Powell, Wyoming?

The City of Powell has people living in households.

There are renters living in renter households in this City. Renters make up 31.95 percent of the population living in Powell.

What is the rental market like in Powell, Wyoming?

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

What is the vacancy rate for rentals in Powell?

The rental vacancy rate in Powell is 8 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 Powell for each bedroom size?

Occupied Rental Units by Size in Powell
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
16 223 426 227 54
Occupied Rental Units by Size in Powell

A large number of apartments in Powell 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 Powell

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $767 to $1,722. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $767
One BR $772
Two BR $1,015
Three BR $1,405
Four BR $1,722
2024 Fair Market Rents in Powell, Wyoming

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

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 16 100 percent
One BR 180 81 percent
Two BR 316 74 percent
Rental Units Below FMR in Powell, Wyoming

How many affordable rental units are in Powell?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Powell, Wyoming

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

Income Based Apartments in Powell, Wyoming

Powell features 100 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 $914 and $1,117.

Sourced from federal housing data and AffordableHousingOnline.com research.