; Low Income Apartments For Rent in Benzie County, MI

Apply to Benzie County Apartment Waiting Lists

Diamond House Apartments

7725 First Street
Thompsonville, Michigan
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA

Brooke Town Houses

6540 North Street
Benzonia, Michigan

Patterson Crossing Apartments.

114 Anchor Pl
Frankfort, Michigan
Subsidized
Rent Assisted
Senior
Supportive
PBRA
LIHTC
S515
RDRA
1 BR

Porter

n/a
Lake, Michigan
BMIR

Gateway Village

218 Day St
Frankfort, Michigan
Rent Assisted
LIHTC

Brook Apts

6500 North Street
Benzonia, Michigan
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA
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There are 36 low-income apartments in Benzie County that offer reduced rents to eligible households. Low-income rents in Benzie County, Michigan can range from $645 to $727 depending on the number of bedrooms.

Rental assistance programs support 86 low-income homes in Benzie County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $225 towards rent each month.

Affordable rent data for some communities last confirmed on March 1st, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Benzie 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)
Traverse City Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Benzie County.

Benzie County, Michigan Affordable Housing Data

Income Based Apartments in Benzie County, Michigan

Benzie County features 86 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 Benzie County, Michigan

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Benzie County.

Housing Choice Vouchers in Benzie County, Michigan

On average, Section 8 Housing Choice vouchers pay Benzie County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Benzie County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Benzie County, Michigan for a two-bedroom apartment is between $1,017 and $1,243.

2024 Benzie 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
Benzie County, Michigan Fair Market Rent $790 $860 $1,130 $1,366 $1,555
Benzie County, Michigan Payment Standard Range $711 to $869 $774 to $946 $1,017 to $1,243 $1,229 to $1,503 $1,400 to $1,711

Sourced from federal housing data and AffordableHousingOnline.com research.

Benzie County, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 220
Total Housing Units with Rental Assistance 86
Percentage of Housing Units Occupied By Renters 14.66%
Average Renter Household Size 2.45
Average Household Size 2.37
Median Household Income $47,388 ±$2,287
Median Rent $713 ±$31
Percentage Of Renters Overburdened 38.43% ± 6pp
Total Population 17,437

Population and Household Demographics

Benzie County is a county in Michigan with a population of 17,437. There are 7,225 households in the county with an average household size of 2.37 persons. 14.66% of households in Benzie County are renters.

Income and Rent Overburden in Benzie County

The median gross income for households in Benzie County is $47,388 a year, or $3,949 a month. The median rent for the county is $713 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Benzie County, a household making less than $2,377 a month would be considered overburdened when renting an apartment at or above the median rent. 38.43% of households who rent are overburdened in Benzie County.

Area Median Income In Benzie 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 Benzie County, HUD calculates the Area Median Income for a family of four as $92,900

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 Benzie 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 Benzie 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 Benzie County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,500 $20,000 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Benzie County AMI may qualify for rental assistance programs that target Very Low Income households.
$29,100 $33,250 $37,400 $41,550 $44,900 $48,200 $51,550 $54,850
80% AMI Income Limits
Renters earning up to 80% of the Benzie County AMI may qualify for rental assistance programs that target Low Income households.
$46,550 $53,200 $59,850 $66,500 $71,850 $77,150 $82,500 $87,800