Low Income Apartments For Rent in Yuma, CO

Rental assistance programs support 50 low-income homes in Yuma where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $357 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 Yuma, 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
Yuma Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing

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

Yuma, Colorado Affordable Housing Data

Income Based Apartments in Yuma, Colorado

Yuma features 50 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 Yuma, Colorado

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

Housing Choice Vouchers in Yuma, Colorado

On average, Section 8 Housing Choice vouchers pay Yuma landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Yuma.

The maximum amount a voucher would pay on behalf of a low-income tenant in Yuma, Colorado for a two-bedroom apartment is between $1,125 and $1,375.

2024 Yuma, 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
Yuma, Colorado Fair Market Rent	$945	$951	$1,250	$1,511	$1,665
Yuma, Colorado Payment Standard Range	$851 to $1,040	$856 to $1,046	$1,125 to $1,375	$1,360 to $1,662	$1,499 to $1,832

Sourced from federal housing data and AffordableHousingOnline.com research.

Yuma, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 70

Total Housing Units with Rental Assistance 50

Percentage of Housing Units Occupied By Renters 39.06%

Average Renter Household Size 1.88

Average Household Size 2.08

Median Household Income $37,123 ±$9,180

Median Rent $613 ±$59

Percentage Of Renters Overburdened 51.65% ± 19.31pp

Total Population 3,601

Total Affordable Apartment Properties	2
Total Low Income Apartments	70
Total Housing Units with Rental Assistance	50
Percentage of Housing Units Occupied By Renters	39.06%
Average Renter Household Size	1.88
Average Household Size	2.08
Median Household Income	$37,123 ±$9,180
Median Rent	$613 ±$59
Percentage Of Renters Overburdened	51.65% ± 19.31pp
Total Population	3,601

Population and Household Demographics

Yuma is a city in Yuma County, Colorado with a population of 3,601. There are 1,705 households in the city with an average household size of 2.08 persons. 39.06% of households in Yuma are renters.

Income and Rent Overburden in Yuma

The median gross income for households in Yuma is $37,123 a year, or $3,094 a month. The median rent for the city is $613 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Yuma, a household making less than $2,043 a month would be considered overburdened when renting an apartment at or above the median rent. 51.65% of households who rent are overburdened in Yuma.

Area Median Income In Yuma

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 Yuma, the AMI is calculated from all households within Yuma County.

In Yuma, HUD calculates the Area Median Income for a family of four as $73,700

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 Yuma

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 Yuma

	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 Yuma AMI may qualify for rental assistance programs that target Extremely Low Income households.	$18,300	$20,900	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Yuma AMI may qualify for rental assistance programs that target Very Low Income households.	$30,450	$34,800	$39,150	$43,500	$47,000	$50,500	$53,950	$57,450
80% AMI Income Limits Renters earning up to 80% of the Yuma AMI may qualify for rental assistance programs that target Low Income households.	$48,750	$55,700	$62,650	$69,600	$75,200	$80,750	$86,350	$91,900