; Low Income Apartments For Rent in Big Sandy, MT

Centennial Lodge

200 Montana Ave
Big Sandy, Montana
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA
Showing Results 1-15
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There are 0 low-income apartments in Big Sandy that offer reduced rents to eligible households.

Rental assistance programs support 12 low-income homes in Big Sandy 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 May 9th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Big Sandy, Montana

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
Montana Department of Commerce Section 8 Housing Choice Voucher (HCV)
Go to the Montana Public Housing and Low-Income Apartments Waiting Lists page for openings near Big Sandy.

Big Sandy, Montana Affordable Housing Data

Income Based Apartments in Big Sandy, Montana

Big Sandy features 12 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 Big Sandy, Montana

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

Housing Choice Vouchers in Big Sandy, Montana

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

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

2024 Big Sandy, Montana 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
Big Sandy, Montana Fair Market Rent $658 $689 $905 $1,094 $1,283
Big Sandy, Montana Payment Standard Range $592 to $724 $620 to $758 $815 to $996 $985 to $1,203 $1,155 to $1,411

Sourced from federal housing data and AffordableHousingOnline.com research.

Big Sandy, MT Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 12
Total Housing Units with Rental Assistance 12
Percentage of Housing Units Occupied By Renters 28.32%
Average Renter Household Size 2.14
Average Household Size 2.28
Median Household Income $36,607 ±$5,135
Median Rent $427 ±$59
Percentage Of Renters Overburdened 24.69% ± 27.79pp
Total Population 677

Population and Household Demographics

Big Sandy is a city in Chouteau County, Montana with a population of 677. There are 286 households in the city with an average household size of 2.28 persons. 28.32% of households in Big Sandy are renters.

Income and Rent Overburden in Big Sandy

The median gross income for households in Big Sandy is $36,607 a year, or $3,051 a month. The median rent for the city is $427 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Big Sandy, a household making less than $1,423 a month would be considered overburdened when renting an apartment at or above the median rent. 24.69% of households who rent are overburdened in Big Sandy.

Area Median Income In Big Sandy

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 Big Sandy, the AMI is calculated from all households within Chouteau County.

In Big Sandy, HUD calculates the Area Median Income for a family of four as $71,200

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 Big Sandy

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 Big Sandy

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 Big Sandy AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,650 $20,200 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Big Sandy AMI may qualify for rental assistance programs that target Very Low Income households.
$29,400 $33,600 $37,800 $42,000 $45,400 $48,750 $52,100 $55,450
80% AMI Income Limits
Renters earning up to 80% of the Big Sandy AMI may qualify for rental assistance programs that target Low Income households.
$47,050 $53,800 $60,500 $67,200 $72,600 $78,000 $83,350 $88,750