; Low Income Apartments For Rent in Lake County, MI

Apply to Lake County Apartment Waiting Lists

Duvernay Park Apartments

1036 E Lynndon St
Idlewild, Michigan
Rent Assisted
LIHTC
Call For Rent
2-3 BR

508 Washington St

508 Washington St
Cadillac, Michigan
$1,200
3 BR

Royal Farms Properties Llc

1890 Byers Road
Ellsworth, Michigan
Rent Assisted
Farm Labor

Royal Farms Properties Llc

11480 Byers Rd
Ellsworth, Michigan
Rent Assisted
Farm Labor
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There are 24 low-income apartments in Lake County that offer reduced rents to eligible households.

Rental assistance programs support 0 low-income homes in Lake County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $252 towards rent each month.

Affordable rent data for some communities last confirmed on June 25th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Lake 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)
Baldwin 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 Lake County.

Lake County, Michigan Affordable Housing Data

Income Based Apartments in Lake County, Michigan

Lake County features 0 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 Lake County, Michigan

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake County.

Housing Choice Vouchers in Lake County, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake County, Michigan for a two-bedroom apartment is between $815 and $996.

2024 Lake 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
Lake County, Michigan Fair Market Rent $633 $734 $905 $1,275 $1,536
Lake County, Michigan Payment Standard Range $570 to $696 $661 to $807 $815 to $996 $1,148 to $1,403 $1,382 to $1,690

Sourced from federal housing data and AffordableHousingOnline.com research.

Lake County, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 27
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 17.39%
Average Renter Household Size 2.60
Average Household Size 2.53
Median Household Income $30,439 ±$1,612
Median Rent $562 ±$35
Percentage Of Renters Overburdened 48.62% ± 7.42pp
Total Population 11,426

Population and Household Demographics

Lake County is a county in Michigan with a population of 11,426. There are 4,365 households in the county with an average household size of 2.53 persons. 17.39% of households in Lake County are renters.

Income and Rent Overburden in Lake County

The median gross income for households in Lake County is $30,439 a year, or $2,537 a month. The median rent for the county is $562 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake County, a household making less than $1,873 a month would be considered overburdened when renting an apartment at or above the median rent. 48.62% of households who rent are overburdened in Lake County.

Area Median Income In Lake 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 Lake County, HUD calculates the Area Median Income for a family of four as $61,800

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 Lake 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 Lake 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 Lake 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 Lake 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 Lake 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