Acme Hotel Apartments
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There are 548 low-income apartments in Yellowstone County that offer reduced rents to eligible households. Low-income rents in Yellowstone County, Montana can range from $25 to $835 depending on the number of bedrooms.
Rental assistance programs support 2,325 low-income homes in Yellowstone County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $301 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Yellowstone County, 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) |
Yellowstone County, Montana Affordable Housing Data
Income Based Apartments in Yellowstone County, Montana
Yellowstone County features 2,325 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 Yellowstone County, Montana
There are 548 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Yellowstone County.
Housing Choice Vouchers in Yellowstone County, Montana
On average, Section 8 Housing Choice vouchers pay Yellowstone County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Yellowstone County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Yellowstone County, Montana for a two-bedroom apartment is between $1,033 and $1,263.
2024 Yellowstone County, 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 | |
|---|---|---|---|---|---|
| Yellowstone County, Montana Fair Market Rent | $837 | $874 | $1,148 | $1,583 | $1,778 |
| Yellowstone County, Montana Payment Standard Range | $753 to $921 | $787 to $961 | $1,033 to $1,263 | $1,425 to $1,741 | $1,600 to $1,956 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Yellowstone County, MT Affordable Housing Snapshot
| Total Affordable Apartment Properties | 59 |
|---|---|
| Total Low Income Apartments | 2,892 |
| Total Housing Units with Rental Assistance | 2,325 |
| Percentage of Housing Units Occupied By Renters | 31.72% |
| Average Renter Household Size | 2.29 |
| Average Household Size | 2.44 |
| Median Household Income | $52,802 ±$1,409 |
| Median Rent | $762 ±$19 |
| Percentage Of Renters Overburdened | 44.69% ± 3.06pp |
| Total Population | 153,692 |
Population and Household Demographics
Yellowstone County is a county in Montana with a population of 153,692. There are 61,442 households in the county with an average household size of 2.44 persons. 31.72% of households in Yellowstone County are renters.
Income and Rent Overburden in Yellowstone County
The median gross income for households in Yellowstone County is $52,802 a year, or $4,400 a month. The median rent for the county is $762 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Yellowstone County, a household making less than $2,540 a month would be considered overburdened when renting an apartment at or above the median rent. 44.69% of households who rent are overburdened in Yellowstone County.
Area Median Income In Yellowstone 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 Yellowstone County, HUD calculates the Area Median Income for a family of four as $95,000
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 Yellowstone 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 Yellowstone 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 Yellowstone County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$18,850 | $21,550 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Yellowstone County AMI may qualify for rental assistance programs that target Very Low Income households. |
$31,400 | $35,850 | $40,350 | $44,800 | $48,400 | $52,000 | $55,600 | $59,150 |
| 80% AMI Income Limits Renters earning up to 80% of the Yellowstone County AMI may qualify for rental assistance programs that target Low Income households. |
$50,200 | $57,400 | $64,550 | $71,700 | $77,450 | $83,200 | $88,950 | $94,650 |
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