Low Income Apartments and Affordable Housing For Rent in Holly, MI

Discover affordable housing in Holly where there are 3+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

The Village of Holly Woodlands I

3323 Grange Hall Rd, Holly, Michigan 48442

The Village of Holly Woodlands II

3325 Grange Hall Rd, Holly, Michigan 48442

Chateau View Apartments CO Red Oak Mgmt

13470 Dixie Hwy, Holly, Michigan 48442

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Holly, Michigan
$24.45/hour
$14.12 (+137%) more than Michigan minimum wage and $17.20 (+237%) more than the Federal minimum wage.
Learn More About Holly, Michigan Affordable Housing ↓

What HUD offices serve Holly, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Family Self-Sufficiency, Section 8 Project-Based Voucher (PBV), Moderate Rehabilitation, Family Unification Program (FUP) programs for Holly, Michigan.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Holly, Michigan.
Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV) programs for Holly, Michigan.

Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Holly.

How many renters live in Holly, Michigan?

The City of Holly has 5,997 people living in 2,666 households.

There are 1,750 renters living in 947 renter households in this City. Renters make up 29.18 percent of the population living in Holly.

What is the rental market like in Holly, Michigan?

There are an estimated 2,820 housing units in the Holly area. Of these, 966 units are rental homes, making up 34 percent of the housing market. For every renter household in Holly, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Holly?

The rental vacancy rate in Holly is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Holly for each bedroom size?

Occupied Rental Units by Size in Holly
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 274 480 110 56
Occupied Rental Units by Size in Holly

A large number of apartments in Holly have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Holly are overburdened by housing costs?

Among renter households in this market, 39 percent have housing cost burden. Further, 8 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Holly

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $920 to $1,719. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $920
One BR $1,019
Two BR $1,291
Three BR $1,595
Four BR $1,719
2024 Fair Market Rents in Holly, Michigan

How many units are rented at Fair Market Rent (FMR) in Holly?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 237 86 percent
Two BR 416 87 percent
Rental Units Below FMR in Holly, Michigan

How many affordable rental units are in Holly?

There are a variety of federal affordable housing programs serving households in Holly, Michigan including the following:

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 70
Section 202 Supportive Housing for the Elderly 47
Tracked Units by Federal Program in Holly, Michigan

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Holly, Michigan

Holly features 145 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 Holly, Michigan

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

Housing Choice Vouchers in Holly, Michigan

On average, Section 8 Housing Choice vouchers pay Holly landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Holly.

The maximum amount a voucher would pay on behalf of a low-income tenant in Holly, Michigan for a two-bedroom apartment is between $1,162 and $1,420.

Sourced from federal housing data and AffordableHousingOnline.com research.