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

Discover affordable housing in Sheridan where there are 20+ 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.

Hume Draw I II And III

600 W 10th St, Sheridan, Wyoming 82801

Stadium Place

1120 Mydland Rd, Sheridan, Wyoming 82801

The Courtyards at Sheridan

1735 S Sheridan Ave, Sheridan, Wyoming 82801

Creekside Courts

2076 S Sheridan Ave, Sheridan, Wyoming 82801

River Walk Residentials

39 East 1st Street, Sheridan, Wyoming 82801

Sheridan Voa Elderly Housing

1003 Saberton Ave, Sheridan, Wyoming 82801

Easter Seals - Goodwill

1621 Terra Ave, Sheridan, Wyoming 82801

Western Apartments

853 Dummick St, Sheridan, Wyoming 0

Sheridan Apartments

1917 N Main St, Sheridan, Wyoming 82801

Homestead Apartments

1100 Avoca Ct, Sheridan, Wyoming 82801

Avoca Apartments

1352 Avoca Court, Sheridan, Wyoming 82801

Peak Apartments

2200 W 5th St, Sheridan, Wyoming 82801

Sheridan Square

200 Smith St, Sheridan, Wyoming 82801

Townhouse Apartments

2438 Town House Pl, Sheridan, Wyoming 82801

Renew

140 S Sheridan Ave, Sheridan, Wyoming 82801

Heritage Towers of the Christian Church

428 N Jefferson St, Sheridan, Wyoming 82801

Grimshaw Investments

1445 Parker Ave, Sheridan, Wyoming 82801

Stone Pile

120 E Montana St, Sheridan, Wyoming 82801

Village Apartments

551 Avoca Ave, Sheridan, Wyoming

One Llc - Avoca Court

1129 Avoca Ct, Sheridan, Wyoming 82801

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 Sheridan, Wyoming
$21.69/hour
$14.44 (+199%) more than Wyoming minimum wage and $14.44 (+199%) more than the Federal minimum wage.
Learn More About Sheridan, Wyoming Affordable Housing ↓

What HUD offices serve Sheridan, 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 Sheridan, Wyoming.

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

How many renters live in Sheridan, Wyoming?

The City of Sheridan has 18,807 people living in 8,254 households.

There are 5,941 renters living in 3,266 renter households in this City. Renters make up 31.59 percent of the population living in Sheridan.

What is the rental market like in Sheridan, Wyoming?

There are an estimated 8,917 housing units in the Sheridan area. Of these, 3,403 units are rental homes, making up 38 percent of the housing market. For every renter household in Sheridan, Wyoming, there are 1 rental units.

What is the vacancy rate for rentals in Sheridan?

The rental vacancy rate in Sheridan is 4 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 Sheridan for each bedroom size?

Occupied Rental Units by Size in Sheridan
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
158 1,124 1,069 804 94
Occupied Rental Units by Size in Sheridan

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

Among renter households in this market, 46 percent have housing cost burden. Further, 26 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 Sheridan

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $875 to $1,802. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $875
One BR $876
Two BR $1,145
Three BR $1,384
Four BR $1,802
2024 Fair Market Rents in Sheridan, Wyoming

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

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 103 65 percent
One BR 763 68 percent
Two BR 608 57 percent
Rental Units Below FMR in Sheridan, Wyoming

How many affordable rental units are in Sheridan?

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

Federal Program Unit Count
Low Income Housing Tax Credit 454
Section 8 Project-Based Rental Assistance 212
Section 202 Supportive Housing for the Elderly 14
Section 811 Supportive Housing for Persons with Disabilities 15
USDA Section 515 Rural Rental Housing 201
Tracked Units by Federal Program in Sheridan, Wyoming

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

Income Based Apartments in Sheridan, Wyoming

Sheridan features 419 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 Sheridan, Wyoming

There are 304 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sheridan.

Housing Choice Vouchers in Sheridan, Wyoming

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Sheridan, Wyoming for a two-bedroom apartment is between $1,031 and $1,260.

Sourced from federal housing data and AffordableHousingOnline.com research.