; Low Income Apartments For Rent in Carbondale, CO

Apply to Carbondale Apartment Waiting Lists

Red Hill Lofts

2655 Dolores Way
Carbondale, Colorado
Subsidized
Rent Assisted
LIHTC
PBV
$773-993
Studio-2 BR

Crystal Meadows II

1250 Hendrick Dr
Carbondale, Colorado
Subsidized
Rent Assisted
Senior
Supportive
S. 202
S515
RDRA

Villas De Santa Lucia

302 Meadowood Dr
Carbondale, Colorado
Rent Assisted
LIHTC
Income Based
1-3 BR
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There are 61 low-income apartments in Carbondale that offer reduced rents to eligible households.

Rental assistance programs support 46 low-income homes in Carbondale where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $320 towards rent each month.

Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Carbondale, Colorado

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
Garfield County Housing Authority Section 8 Housing Choice Voucher (HCV)
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Carbondale.

Carbondale, Colorado Affordable Housing Data

Income Based Apartments in Carbondale, Colorado

Carbondale features 46 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 Carbondale, Colorado

There are 61 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Carbondale.

Housing Choice Vouchers in Carbondale, Colorado

On average, Section 8 Housing Choice vouchers pay Carbondale landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Carbondale.

The maximum amount a voucher would pay on behalf of a low-income tenant in Carbondale, Colorado for a two-bedroom apartment is between $1,383 and $1,691.

2024 Carbondale, Colorado 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
Carbondale, Colorado Fair Market Rent $1,162 $1,170 $1,537 $2,166 $2,438
Carbondale, Colorado Payment Standard Range $1,046 to $1,278 $1,053 to $1,287 $1,383 to $1,691 $1,949 to $2,383 $2,194 to $2,682

Sourced from federal housing data and AffordableHousingOnline.com research.

Carbondale, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 107
Total Housing Units with Rental Assistance 46
Percentage of Housing Units Occupied By Renters 40.95%
Average Renter Household Size 2.83
Average Household Size 2.68
Median Household Income $62,770 ±$11,442
Median Rent $1,399 ±$125
Percentage Of Renters Overburdened 42.49% ± 15.38pp
Total Population 6,516

Population and Household Demographics

Carbondale is a city in Garfield County, Colorado with a population of 6,516. There are 2,391 households in the city with an average household size of 2.68 persons. 40.95% of households in Carbondale are renters.

Income and Rent Overburden in Carbondale

The median gross income for households in Carbondale is $62,770 a year, or $5,231 a month. The median rent for the city is $1,399 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Carbondale, a household making less than $4,663 a month would be considered overburdened when renting an apartment at or above the median rent. 42.49% of households who rent are overburdened in Carbondale.

Area Median Income In Carbondale

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 Carbondale, the AMI is calculated from all households within Garfield County.

In Carbondale, HUD calculates the Area Median Income for a family of four as $99,200

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 Carbondale

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 Carbondale

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 Carbondale AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,850 $23,800 $26,800 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Carbondale AMI may qualify for rental assistance programs that target Very Low Income households.
$34,750 $39,700 $44,650 $49,600 $53,600 $57,550 $61,550 $65,500
80% AMI Income Limits
Renters earning up to 80% of the Carbondale AMI may qualify for rental assistance programs that target Low Income households.
$55,550 $63,500 $71,450 $79,350 $85,700 $92,050 $98,400 $104,750