; Low Income Apartments For Rent in Newaygo, MI

Apply to Newaygo Apartment Waiting Lists

Autumn Grove

500 W Brooks St
Newaygo, Michigan
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA

Edgeview Apartments

290 E 82nd St
Newaygo, Michigan
Subsidized
Rent Assisted
Senior
Supportive
PBRA
S515

Autumn Grove Apartments

580 W Brooks St
Newaygo, Michigan
Rent Assisted
LIHTC
$560
1 BR

Woodview Apartments

782 W Brooks St
Newaygo, Michigan
Subsidized
Senior
S. 202
BMIR

Wildwood North Apts

157 W. Barton
Newaygo, Michigan
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA
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There are 24 low-income apartments in Newaygo that offer reduced rents to eligible households. Low-income rents in Newaygo, Michigan can range from $560 to $560 depending on the number of bedrooms.

Rental assistance programs support 144 low-income homes in Newaygo where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $217 towards rent each month.

Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Newaygo, 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 Newaygo.

Newaygo, Michigan Affordable Housing Data

Income Based Apartments in Newaygo, Michigan

Newaygo features 144 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 Newaygo, Michigan

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

Housing Choice Vouchers in Newaygo, Michigan

On average, Section 8 Housing Choice vouchers pay Newaygo landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Newaygo.

The maximum amount a voucher would pay on behalf of a low-income tenant in Newaygo, Michigan for a two-bedroom apartment is between $837 and $1,023.

2024 Newaygo, 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
Newaygo, Michigan Fair Market Rent $630 $708 $930 $1,211 $1,295
Newaygo, Michigan Payment Standard Range $567 to $693 $637 to $779 $837 to $1,023 $1,090 to $1,332 $1,166 to $1,425

Sourced from federal housing data and AffordableHousingOnline.com research.

Newaygo, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 168
Total Housing Units with Rental Assistance 144
Percentage of Housing Units Occupied By Renters 47.33%
Average Renter Household Size 2.10
Average Household Size 2.43
Median Household Income $27,961 ±$8,583
Median Rent $599 ±$124
Percentage Of Renters Overburdened 45.6% ± 14.83pp
Total Population 1,870

Population and Household Demographics

Newaygo is a city in Newaygo County, Michigan with a population of 1,870. There are 769 households in the city with an average household size of 2.43 persons. 47.33% of households in Newaygo are renters.

Income and Rent Overburden in Newaygo

The median gross income for households in Newaygo is $27,961 a year, or $2,330 a month. The median rent for the city is $599 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Newaygo, a household making less than $1,997 a month would be considered overburdened when renting an apartment at or above the median rent. 45.6% of households who rent are overburdened in Newaygo.

Area Median Income In Newaygo

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 Newaygo, the AMI is calculated from all households within Newaygo County.

In Newaygo, HUD calculates the Area Median Income for a family of four as $72,600

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 Newaygo

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 Newaygo

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 Newaygo 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 Newaygo 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 Newaygo 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