; Low Income Apartments For Rent in Pentwater, MI

Apply to Pentwater Apartment Waiting Lists

Summerview Apts

380 N. 3rd Avenue
Pentwater, Michigan
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA
Showing Results 1-15
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There are 0 low-income apartments in Pentwater that offer reduced rents to eligible households.

Rental assistance programs support 16 low-income homes in Pentwater 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 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Pentwater, 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 Pentwater.

Pentwater, Michigan Affordable Housing Data

Income Based Apartments in Pentwater, Michigan

Pentwater features 16 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 Pentwater, Michigan

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

Housing Choice Vouchers in Pentwater, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Pentwater, Michigan for a two-bedroom apartment is between $833 and $1,018.

2024 Pentwater, 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
Pentwater, Michigan Fair Market Rent $662 $704 $925 $1,119 $1,437
Pentwater, Michigan Payment Standard Range $596 to $728 $634 to $774 $833 to $1,018 $1,007 to $1,231 $1,293 to $1,581

Sourced from federal housing data and AffordableHousingOnline.com research.

Pentwater, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 16
Total Housing Units with Rental Assistance 16
Percentage of Housing Units Occupied By Renters 20.57%
Average Renter Household Size 2.79
Average Household Size 2.06
Median Household Income $40,500 ±$5,647
Median Rent $543 ±$517
Percentage Of Renters Overburdened 55.81% ± 27.88pp
Total Population 881

Population and Household Demographics

Pentwater is a city in Oceana County, Michigan with a population of 881. There are 418 households in the city with an average household size of 2.06 persons. 20.57% of households in Pentwater are renters.

Income and Rent Overburden in Pentwater

The median gross income for households in Pentwater is $40,500 a year, or $3,375 a month. The median rent for the city is $543 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pentwater, a household making less than $1,810 a month would be considered overburdened when renting an apartment at or above the median rent. 55.81% of households who rent are overburdened in Pentwater.

Area Median Income In Pentwater

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 Pentwater, the AMI is calculated from all households within Oceana County.

In Pentwater, HUD calculates the Area Median Income for a family of four as $72,200

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 Pentwater

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 Pentwater

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30% AMI Income Limits
Renters earning up to 30% of the Pentwater 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 Pentwater 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 Pentwater 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