Low Income Apartments and Affordable Housing For Rent in Denver, CO (2024)

What HUD offices serve Denver, Colorado?

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

Go to theColoradoPublic Housing and Low-Income Apartments Waiting Lists page for openings near Denver.

How many renters live in Denver, Colorado?

The City of Denver has 713,252people living in 334,942 households.

There are 314,870 renters living in168,819 renter households in thisCity. Renters make up 44.15percent of the population living in Denver.

What is the rental market like in Denver, Colorado?

There are an estimated 361,212 housing units in theDenver area. Of these, 181,776 units are rentalhomes, making up 50 percent of the housing market. Forevery renter household in Denver, Colorado, there are1 rental units.

What is the vacancy rate for rentals in Denver?

The rental vacancy rate in Denver is 6 percent.This is alower than averagevacancy rate.When rental vacancy rates are low there are fewer available units. Rents tend to be higher as morepeoplecompete for scarce housing.

How many rental units are in Denver for each bedroom size?

A large number of apartments in Denver have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.

How many renter households in Denver are overburdened by housing costs?

Among renter households in this market, 48percent havehousing cost burden. Further, 22percent of households are extremely rent overburdened. When renters pay too much for their housing, itleaveslittle money for other necessities like food, clothes, or medicine.

The federal government says that renters arecost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Denver

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $1,658 to $3,225. FMRs areupdated annually by HUD for every city and county nationwide.

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

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch 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:

How many affordable rental units are in Denver?

There are a variety of federal affordable housing programs serving households inDenver, Colorado including the following:

Income Based Apartments in Denver, Colorado

Denver features 10,854 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.

Low Rent Apartments in Denver, Colorado

There are 11,698 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Denver.

Housing Choice Vouchers in Denver, Colorado

On average, Section 8 Housing Choice vouchers pay Denver landlords$900 per month towards rent. The average voucher holdercontributes $400 towards rent inDenver.

The maximum amount a voucher would pay on behalf of a low-income tenant in Denver, Colorado fora two-bedroom apartment is between $1,981 and $2,421.

Sourced from federal housing data and AffordableHousingOnline.comresearch.