; Low Income Apartments For Rent in Luna Pier, MI

Apply to Luna Pier Apartment Waiting Lists

Lotus Manor

10885 Ellen St
Luna Pier, Michigan
Subsidized
Public Housing
Call For Rent
1-4 BR
Showing Results 1-15
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There are 0 low-income apartments in Luna Pier that offer reduced rents to eligible households.

Rental assistance programs support 101 low-income homes in Luna Pier where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on April 1st, 2022. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Luna Pier, 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)
Ann Arbor Housing Commission Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Moving to Work; Section 8 Project-Based Voucher (PBV); Mainstream Voucher; Rental Assistance Demonstration (RAD)
Luna Pier Housing Commission Public Housing
Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Luna Pier.

Luna Pier, Michigan Affordable Housing Data

Income Based Apartments in Luna Pier, Michigan

Luna Pier features 101 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 Luna Pier, Michigan

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

Housing Choice Vouchers in Luna Pier, Michigan

On average, Section 8 Housing Choice vouchers pay Luna Pier landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Luna Pier.

The maximum amount a voucher would pay on behalf of a low-income tenant in Luna Pier, Michigan for a two-bedroom apartment is between $1,047 and $1,279.

2024 Luna Pier, 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
Luna Pier, Michigan Fair Market Rent $788 $885 $1,163 $1,452 $1,885
Luna Pier, Michigan Payment Standard Range $709 to $867 $797 to $974 $1,047 to $1,279 $1,307 to $1,597 $1,697 to $2,074

Sourced from federal housing data and AffordableHousingOnline.com research.

Luna Pier, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 101
Total Housing Units with Rental Assistance 101
Percentage of Housing Units Occupied By Renters 29.45%
Average Renter Household Size 2.26
Average Household Size 2.06
Median Household Income $48,462 ±$12,194
Median Rent $568 ±$81
Percentage Of Renters Overburdened 36.46% ± 15.97pp
Total Population 1,341

Population and Household Demographics

Luna Pier is a city in Monroe County, Michigan with a population of 1,341. There are 652 households in the city with an average household size of 2.06 persons. 29.45% of households in Luna Pier are renters.

Income and Rent Overburden in Luna Pier

The median gross income for households in Luna Pier is $48,462 a year, or $4,039 a month. The median rent for the city is $568 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Luna Pier, a household making less than $1,893 a month would be considered overburdened when renting an apartment at or above the median rent. 36.46% of households who rent are overburdened in Luna Pier.

Area Median Income In Luna Pier

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Luna Pier, the AMI is calculated from all households within Monroe County.

In Luna Pier, HUD calculates the Area Median Income for a family of four as $92,000

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 Luna Pier

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 Luna Pier

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30% AMI Income Limits
Renters earning up to 30% of the Luna Pier AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,100 $21,800 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Luna Pier AMI may qualify for rental assistance programs that target Very Low Income households.
$31,800 $36,350 $40,900 $45,400 $49,050 $52,700 $56,300 $59,950
80% AMI Income Limits
Renters earning up to 80% of the Luna Pier AMI may qualify for rental assistance programs that target Low Income households.
$50,900 $58,150 $65,400 $72,650 $78,500 $84,300 $90,100 $95,900