; Low Income Apartments For Rent in Perry, MI

Apply to Perry Apartment Waiting Lists

Cherry Hill Manor Apartments

152 S Washington St
Perry, Michigan
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA

Washington Square Apartments

529 E 2nd St
Perry, Michigan
Rent Assisted
Senior
Supportive
LIHTC
S515
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There are 24 low-income apartments in Perry that offer reduced rents to eligible households.

Rental assistance programs support 72 low-income homes in Perry 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 July 16th, 2021. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Perry, 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 Perry.

Perry, Michigan Affordable Housing Data

Income Based Apartments in Perry, Michigan

Perry features 72 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 Perry, Michigan

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

Housing Choice Vouchers in Perry, Michigan

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

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

2024 Perry, 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
Perry, Michigan Fair Market Rent $684 $689 $905 $1,221 $1,278
Perry, Michigan Payment Standard Range $616 to $752 $620 to $758 $815 to $996 $1,099 to $1,343 $1,150 to $1,406

Sourced from federal housing data and AffordableHousingOnline.com research.

Perry, MI Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 96
Total Housing Units with Rental Assistance 72
Percentage of Housing Units Occupied By Renters 44.28%
Average Renter Household Size 1.95
Average Household Size 2.21
Median Household Income $39,861 ±$8,207
Median Rent $714 ±$88
Percentage Of Renters Overburdened 34.34% ± 11.53pp
Total Population 1,994

Population and Household Demographics

Perry is a city in Shiawassee County, Michigan with a population of 1,994. There are 901 households in the city with an average household size of 2.21 persons. 44.28% of households in Perry are renters.

Income and Rent Overburden in Perry

The median gross income for households in Perry is $39,861 a year, or $3,322 a month. The median rent for the city is $714 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Perry, a household making less than $2,380 a month would be considered overburdened when renting an apartment at or above the median rent. 34.34% of households who rent are overburdened in Perry.

Area Median Income In Perry

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 Perry, the AMI is calculated from all households within Shiawassee County.

In Perry, HUD calculates the Area Median Income for a family of four as $74,700

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 Perry

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 Perry

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 Perry AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,800 $19,720 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Perry AMI may qualify for rental assistance programs that target Very Low Income households.
$27,950 $31,950 $35,950 $39,900 $43,100 $46,300 $49,500 $52,700
80% AMI Income Limits
Renters earning up to 80% of the Perry AMI may qualify for rental assistance programs that target Low Income households.
$44,700 $51,100 $57,500 $63,850 $69,000 $74,100 $79,200 $84,300