; Low Income Apartments For Rent in Mount Pleasant, MI

Apply to Mount Pleasant Apartment Waiting Lists

Oxford Row I Apartments

1517 Canterbury Trl
Mount Pleasant, Michigan
BMIR
$519-693
1-3 BR

Immanuel Village

310 S Bradley St
Mount Pleasant, Michigan
Subsidized
Senior
S. 202
BMIR
Income Based
1 BR

Winchester Towers

2001 Elva St
Mount Pleasant, Michigan
Subsidized
PBRA
Income Based
1-2 BR

Yorkshire Commons

1251 E Broomfield St
Mount Pleasant, Michigan

Oak Tree Village

312 S Oak St
Mount Pleasant, Michigan
Subsidized
Rent Assisted
PBRA
BMIR
S236

Oxford Row II

1517 Canterbury Trl
Mount Pleasant, Michigan
Subsidized
Rent Assisted
PBRA
LIHTC
BMIR
Income Based
2-3 BR

Chase Run Apartments

3726 S Isabella Rd
Mount Pleasant, Michigan
Rent Assisted
LIHTC
Call For Rent
1-3 BR

210 W May St

210 W May St
Mount Pleasant, Michigan
$450
7 BR

1102 Elm St

1102 Elm St
Mount Pleasant, Michigan
$875
2 BR

404 N Main St Unit #2

404 N Main St Unit #2
Mount Pleasant, Michigan
$725
1 BR

508 N Main St

508 N Main St
Mount Pleasant, Michigan
$700
1 BR

3467 S Summerton Rd Unit 3

3467 S Summerton Rd
Mount Pleasant, Michigan
$735
2 BR

624 S Lansing St

624 S Lansing St
Mount Pleasant, Michigan
$1,200
3 BR

3050 Elroy Dr

3050 Elroy Dr
Mount Pleasant, Michigan
$735
2 BR

1026 E Chippewa St

1026 E Chippewa St
Mount Pleasant, Michigan
$850
2 BR
Showing Results 1-15

There are 392 low-income apartments in Mount Pleasant that offer reduced rents to eligible households. Low-income rents in Mount Pleasant, Michigan can range from $519 to $693 depending on the number of bedrooms.

Rental assistance programs support 454 low-income homes in Mount Pleasant where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $267 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 Mount Pleasant, 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
Mount Pleasant Housing Commission Section 8 Housing Choice Voucher (HCV); Public Housing
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 Mount Pleasant.

Mount Pleasant, Michigan Affordable Housing Data

Income Based Apartments in Mount Pleasant, Michigan

Mount Pleasant features 454 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 Mount Pleasant, Michigan

There are 392 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mount Pleasant.

Housing Choice Vouchers in Mount Pleasant, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Mount Pleasant, Michigan for a two-bedroom apartment is between $847 and $1,035.

2024 Mount Pleasant, 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
Mount Pleasant, Michigan Fair Market Rent $810 $815 $941 $1,245 $1,253
Mount Pleasant, Michigan Payment Standard Range $729 to $891 $734 to $897 $847 to $1,035 $1,121 to $1,370 $1,128 to $1,378

Sourced from federal housing data and AffordableHousingOnline.com research.

Mount Pleasant, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 32
Total Low Income Apartments 1,054
Total Housing Units with Rental Assistance 454
Percentage of Housing Units Occupied By Renters 63.19%
Average Renter Household Size 2.50
Average Household Size 2.44
Median Household Income $30,833 ±$1,746
Median Rent $716 ±$23
Percentage Of Renters Overburdened 65.35% ± 3.88pp
Total Population 26,134

Population and Household Demographics

Mount Pleasant is a city in Isabella County, Michigan with a population of 26,134. There are 8,188 households in the city with an average household size of 2.44 persons. 63.19% of households in Mount Pleasant are renters.

Income and Rent Overburden in Mount Pleasant

The median gross income for households in Mount Pleasant is $30,833 a year, or $2,569 a month. The median rent for the city is $716 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mount Pleasant, a household making less than $2,387 a month would be considered overburdened when renting an apartment at or above the median rent. 65.35% of households who rent are overburdened in Mount Pleasant.

Area Median Income In Mount Pleasant

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 Mount Pleasant, the AMI is calculated from all households within Isabella County.

In Mount Pleasant, HUD calculates the Area Median Income for a family of four as $74,900

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 Mount Pleasant

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 Mount Pleasant

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 Mount Pleasant 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 Mount Pleasant 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 Mount Pleasant 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