Low Income Apartments For Rent in Lisbon, ND

Rental assistance programs support 44 low-income homes in Lisbon where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $310 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 Lisbon, North Dakota

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
Ransom County Housing Authority	Section 8 Housing Choice Voucher (HCV)

Go to the North Dakota Public Housing and Low-Income Apartments Waiting Lists page for openings near Lisbon.

Lisbon, North Dakota Affordable Housing Data

Income Based Apartments in Lisbon, North Dakota

Lisbon features 44 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 Lisbon, North Dakota

There are 28 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lisbon.

Housing Choice Vouchers in Lisbon, North Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lisbon, North Dakota for a two-bedroom apartment is between $773 and $945.

2024 Lisbon, North Dakota 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
Lisbon, North Dakota Fair Market Rent	$582	$686	$859	$1,180	$1,458
Lisbon, North Dakota Payment Standard Range	$524 to $640	$617 to $755	$773 to $945	$1,062 to $1,298	$1,312 to $1,604

Sourced from federal housing data and AffordableHousingOnline.com research.

Lisbon, ND Affordable Housing Snapshot

Total Affordable Apartment Properties 6

Total Low Income Apartments 72

Total Housing Units with Rental Assistance 44

Percentage of Housing Units Occupied By Renters 37.15%

Average Renter Household Size 1.34

Average Household Size 2.08

Median Household Income $55,320 ±$6,952

Median Rent $552 ±$45

Percentage Of Renters Overburdened 31.92% ± 10.07pp

Total Population 2,081

Total Affordable Apartment Properties	6
Total Low Income Apartments	72
Total Housing Units with Rental Assistance	44
Percentage of Housing Units Occupied By Renters	37.15%
Average Renter Household Size	1.34
Average Household Size	2.08
Median Household Income	$55,320 ±$6,952
Median Rent	$552 ±$45
Percentage Of Renters Overburdened	31.92% ± 10.07pp
Total Population	2,081

Population and Household Demographics

Lisbon is a city in Ransom County, North Dakota with a population of 2,081. There are 953 households in the city with an average household size of 2.08 persons. 37.15% of households in Lisbon are renters.

Income and Rent Overburden in Lisbon

The median gross income for households in Lisbon is $55,320 a year, or $4,610 a month. The median rent for the city is $552 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lisbon, a household making less than $1,840 a month would be considered overburdened when renting an apartment at or above the median rent. 31.92% of households who rent are overburdened in Lisbon.

Area Median Income In Lisbon

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 Lisbon, the AMI is calculated from all households within Ransom County.

In Lisbon, HUD calculates the Area Median Income for a family of four as $97,300

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 Lisbon

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 Lisbon

	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 Lisbon AMI may qualify for rental assistance programs that target Extremely Low Income households.	$20,450	$23,400	$26,300	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Lisbon AMI may qualify for rental assistance programs that target Very Low Income households.	$34,100	$38,950	$43,800	$48,650	$52,550	$56,450	$60,350	$64,250
80% AMI Income Limits Renters earning up to 80% of the Lisbon AMI may qualify for rental assistance programs that target Low Income households.	$54,500	$62,300	$70,100	$77,850	$84,100	$90,350	$96,550	$102,800