Rio Grande Village - Rent Information

 

Rio Grande Village

Phone (719) 387-6709
Email Info@riograndevillage.com

PO Box 1575, Mail Code 1490
Colorado Springs, CO 80901-1575

Rent Information

Market Rent for a two bedroom cottage is $895.
Market rent for a one bedroom unit is $665, and for a two bedroom unit is $765. However, there are units available at what is referred to as "Workforce Rent", i.e., rents based on income. Security deposits are $200 for a one bedroom and $400 for a two bedroom.

In order to qualify for workforce rents at less than 30% of median income, your income needs to be:

  • 1 person: $15,480 or less
  • 2 persons: $17,670 or less
  • 3 persons: $19,890 or less
  • 4 persons: $22,080 or less

The rent would be $379 for one bedroom and $438 for two bedroom.


In order to qualify for workforce rents at less than 40% of median income, your income needs to be:

  • 1 person: $20,640 or less
  • 2 persons: $23,560 or less
  • 3 persons: $26,520 or less
  • 4 persons: $29,440 or less

The rent would be $495 for one bedroom and $592 for two bedroom.


In order to qualify for workforce rents at less than 50% of median income, your income needs to be:

  • 1 person: $25,800 or less
  • 2 persons: $29,450 or less
  • 3 persons: $33,150 or less
  • 4 persons: $36,800 or less

The rent would be $565 for one bedroom and $665 for two bedroom.


And finally, in order to qualify for workforce rents at less than 60% of median income, your income needs to be:

  • 1 person: $30,960 or less
  • 2 persons: $35,240 or less
  • 3 persons: $39,780 or less
  • 4 persons: $44,160 or less

The rent would be $620 for one bedroom and $720 for two bedroom.