; Low Income Apartments For Rent in Osceola County, MI

Apply to Osceola County Apartment Waiting Lists

Springview Manor

765 W Jefferson St
Evart, Michigan
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA
LIHTC
$525-699
1-3 BR

James Manor Senior Apartments

424 W. Franklin St.
Reed City, Michigan
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
RDRA
S515
Call For Rent
1-2 BR

Stoney Creek Apartments

815 S Roth Street
Reed City, Michigan
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA

Highland Haven

917 N Duck Lake Rd
Highland, Michigan
Subsidized
Senior
S. 202
BMIR

Highland Meadowview I

923 N Duck Lake Rd
Highland, Michigan
Subsidized
Senior
S. 202

Springview Manor II

711 W Jefferson St
Evart, Michigan
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA

Village Glen Apartments CO Housing Mgmt

520 W 1st St
Marion, Michigan
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA
Income Based
1-2 BR

Franklin Pointe South/ Reed City Apatments

331 W Church Ave
Reed City, Michigan
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA
USDA S. 538
PBV
$510-763
1-2 BR

Springview Manor II

681 W Jefferson St
Evart, Michigan
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA

Meadowview Village

802 S Mill St
Reed City, Michigan
Subsidized
Public Housing

Crossroads Apartments

848 S Chestnut St
Reed City, Michigan
Rent Assisted
LIHTC

Mf - Dev 1076 Crossroads

1076 Crossroads
Reed City, Michigan
Rent Assisted
HOME

Centennial Arms

601 W 1st St
Evart, Michigan
Subsidized
Public Housing
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There are 50 low-income apartments in Osceola County that offer reduced rents to eligible households. Low-income rents in Osceola County, Michigan can range from $525 to $699 depending on the number of bedrooms.

Rental assistance programs support 522 low-income homes in Osceola County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $281 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 Osceola 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)
Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Osceola County.

Osceola County, Michigan Affordable Housing Data

Income Based Apartments in Osceola County, Michigan

Osceola County features 522 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 Osceola County, Michigan

There are 50 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Osceola County.

Housing Choice Vouchers in Osceola County, Michigan

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

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

2024 Osceola 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
Osceola County, Michigan Fair Market Rent $633 $689 $905 $1,124 $1,415
Osceola County, Michigan Payment Standard Range $570 to $696 $620 to $758 $815 to $996 $1,012 to $1,236 $1,274 to $1,557

Sourced from federal housing data and AffordableHousingOnline.com research.

Osceola County, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 572
Total Housing Units with Rental Assistance 522
Percentage of Housing Units Occupied By Renters 21.18%
Average Renter Household Size 2.47
Average Household Size 2.60
Median Household Income $38,999 ±$1,564
Median Rent $577 ±$21
Percentage Of Renters Overburdened 42.05% ± 3.72pp
Total Population 23,234

Population and Household Demographics

Osceola County is a county in Michigan with a population of 23,234. There are 8,757 households in the county with an average household size of 2.60 persons. 21.18% of households in Osceola County are renters.

Income and Rent Overburden in Osceola County

The median gross income for households in Osceola County is $38,999 a year, or $3,250 a month. The median rent for the county is $577 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Osceola County, a household making less than $1,923 a month would be considered overburdened when renting an apartment at or above the median rent. 42.05% of households who rent are overburdened in Osceola County.

Area Median Income In Osceola 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 Osceola County, HUD calculates the Area Median Income for a family of four as $67,700

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 Osceola 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 Osceola 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 Osceola 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 Osceola 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 Osceola 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