Low Income Apartments For Rent in Buffalo, WY

Rental assistance programs support 30 low-income homes in Buffalo where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $335 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 Buffalo, 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.

Housing Authority	Programs
Housing Authority of the City of Buffalo	Public Housing
Housing Authority of the City of Cheyenne	Section 8 Housing Choice Voucher (HCV); Public Housing

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

Buffalo, Wyoming Affordable Housing Data

Income Based Apartments in Buffalo, Wyoming

Buffalo features 30 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 Buffalo, Wyoming

There are 6 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Buffalo.

Housing Choice Vouchers in Buffalo, Wyoming

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Buffalo, Wyoming for a two-bedroom apartment is between $990 and $1,210.

2024 Buffalo, Wyoming 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
Buffalo, Wyoming Fair Market Rent	$851	$856	$1,100	$1,510	$1,829
Buffalo, Wyoming Payment Standard Range	$766 to $936	$770 to $942	$990 to $1,210	$1,359 to $1,661	$1,646 to $2,012

Sourced from federal housing data and AffordableHousingOnline.com research.

Buffalo, WY Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 36

Total Housing Units with Rental Assistance 30

Percentage of Housing Units Occupied By Renters 30.45%

Average Renter Household Size 1.86

Average Household Size 2.11

Median Household Income $49,469 ±$9,710

Median Rent $838 ±$203

Percentage Of Renters Overburdened 27.05% ± 12.34pp

Total Population 4,614

Total Affordable Apartment Properties	2
Total Low Income Apartments	36
Total Housing Units with Rental Assistance	30
Percentage of Housing Units Occupied By Renters	30.45%
Average Renter Household Size	1.86
Average Household Size	2.11
Median Household Income	$49,469 ±$9,710
Median Rent	$838 ±$203
Percentage Of Renters Overburdened	27.05% ± 12.34pp
Total Population	4,614

Population and Household Demographics

Buffalo is a city in Johnson County, Wyoming with a population of 4,614. There are 2,161 households in the city with an average household size of 2.11 persons. 30.45% of households in Buffalo are renters.

Income and Rent Overburden in Buffalo

The median gross income for households in Buffalo is $49,469 a year, or $4,122 a month. The median rent for the city is $838 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Buffalo, a household making less than $2,793 a month would be considered overburdened when renting an apartment at or above the median rent. 27.05% of households who rent are overburdened in Buffalo.

Area Median Income In Buffalo

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 Buffalo, the AMI is calculated from all households within Johnson County.

In Buffalo, HUD calculates the Area Median Income for a family of four as $93,800

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 Buffalo

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 Buffalo

	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 Buffalo AMI may qualify for rental assistance programs that target Extremely Low Income households.	$19,500	$22,250	$25,050	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Buffalo AMI may qualify for rental assistance programs that target Very Low Income households.	$32,450	$37,100	$41,750	$46,350	$50,100	$53,800	$57,500	$61,200
80% AMI Income Limits Renters earning up to 80% of the Buffalo AMI may qualify for rental assistance programs that target Low Income households.	$51,950	$59,350	$66,750	$74,150	$80,100	$86,050	$91,950	$97,900