; Low Income Apartments For Rent in Alger County, MI

Apply to Alger County Apartment Waiting Lists

Windjammer Greene

1550 Center St
Munising, Michigan
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA
1 BR

Chatham Manor Apartments

202 Gladstone St
Chatham, Michigan
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA

Jericho House

410 Elm Ave
Munising, Michigan
Subsidized
Senior
S. 202

Lakeshore Manor Hillside

200 City Park Dr
Munising, Michigan
Subsidized
Public Housing
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There are 0 low-income apartments in Alger County that offer reduced rents to eligible households.

Rental assistance programs support 125 low-income homes in Alger County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $276 towards rent each month.

Affordable rent data for some communities last confirmed on February 12th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Alger County, Michigan

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
Michigan State Housing Development Authority Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)
Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Alger County.

Alger County, Michigan Affordable Housing Data

Income Based Apartments in Alger County, Michigan

Alger County features 125 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 Alger County, Michigan

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Alger County.

Housing Choice Vouchers in Alger County, Michigan

On average, Section 8 Housing Choice vouchers pay Alger County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Alger County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Alger County, Michigan for a two-bedroom apartment is between $892 and $1,090.

2024 Alger County, Michigan 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
Alger County, Michigan Fair Market Rent $693 $768 $991 $1,198 $1,405
Alger County, Michigan Payment Standard Range $624 to $762 $691 to $845 $892 to $1,090 $1,078 to $1,318 $1,265 to $1,546

Sourced from federal housing data and AffordableHousingOnline.com research.

Alger County, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 125
Total Housing Units with Rental Assistance 125
Percentage of Housing Units Occupied By Renters 14.21%
Average Renter Household Size 2.41
Average Household Size 2.43
Median Household Income $39,300 ±$3,165
Median Rent $595 ±$46
Percentage Of Renters Overburdened 45.44% ± 11.37pp
Total Population 9,476

Population and Household Demographics

Alger County is a county in Michigan with a population of 9,476. There are 3,470 households in the county with an average household size of 2.43 persons. 14.21% of households in Alger County are renters.

Income and Rent Overburden in Alger County

The median gross income for households in Alger County is $39,300 a year, or $3,275 a month. The median rent for the county is $595 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Alger County, a household making less than $1,983 a month would be considered overburdened when renting an apartment at or above the median rent. 45.44% of households who rent are overburdened in Alger County.

Area Median Income In Alger County

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.

In Alger County, HUD calculates the Area Median Income for a family of four as $69,000

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 Alger County

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 Alger County

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 Alger County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,900 $19,720 $24,860 $30,000 $35,140 $40,280 $45,420 $50,000
50% AMI Income Limits
Renters earning up to 50% of the Alger County AMI may qualify for rental assistance programs that target Very Low Income households.
$26,500 $30,300 $34,100 $37,850 $40,900 $43,950 $46,950 $50,000
80% AMI Income Limits
Renters earning up to 80% of the Alger County AMI may qualify for rental assistance programs that target Low Income households.
$42,400 $48,450 $54,500 $60,550 $65,400 $70,250 $75,100 $79,950