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Given your need to save money, it seems to me that shared accommodation should be something you should seriously consider. While it's true that in a college-oriented town like Fort Collins that many of the shares will be college age people , there are nonetheless a number of more mature adults renting that would likely have a strong preference for sharing their house with someone in their general age bracket. Remember, you don't necessarily have to live in a shared house forever.
As you know, Loveland in particular has a number of retirees, so that might be a good alternative to look at, though my thinking is that if you plan on spending your time in Fort Collins you should try to live in Fort Collins. As for Greeley, IMO it's much too far away from Fort Collins to be considered as a practical alternative, though Windsor, another town in the area is probably another good alternative to look at.
If you're not interested in sharing, Fort Collins and all of Northern Colorado is relatively cheap in its selection of rentals, particularly compared to Metro Denver or Boulder, so you I would think that there would be some more affordable options, though I understand that to someone with minimal income "relatively cheaper" is small consolation.
If you're income is demonstratively small (and you can prove it by showing your past tax returns), the city of Fort Collins has been fairly progressive about setting up affordable housing programs (basically, we're talking about rent control). How this works is that a number of the apartment complexes are required to offer below-market-rate units for lower-income and elderly residents. I actually looked into this for a friend of mine when I lived back in Fort Collins. Many of these units are actually in the glitzy newer (read: overpriced) apartment complexes. "Poor" college students from CSU are generally NOT the type of candidate they're looking for these units, so I've heard that sometimes finding qualified tenants for such units is not as easy for the complexes as you'd think. It might be just what you're looking for, though shared accommodation is still going to be cheaper.
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