Low Income Apartments and Affordable Housing For Rent in Hamilton, MT

Discover affordable housing in Hamilton where there are 9+ 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.

Willow Court

290 Skeels Ave, Hamilton, Montana 59840

Sapphire Lutheran Homes

401 N 10th St, Hamilton, Montana 59840

Mountain View I Apartments

300 Stonegate Dr, Hamilton, Montana 59840

Mountain View II Apartments

200 Stonegate Dr, Hamilton, Montana 59840

Mountain View III Apartments

225 Stonegate Dr, Hamilton, Montana 59840

Bitterroot Valley Villas

819 River St, Hamilton, Montana 59840

Canyon View

501 N. 10th St, Hamilton, Montana 59840

Parkside Apartments

121 State St, Hamilton, Montana 59840

S.A.F.E.

150 Morning Star Way, Hamilton, Montana 59840

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hamilton, Montana
$17.58/hour
$13.58 (+339%) more than Montana minimum wage and $10.33 (+142%) more than the Federal minimum wage.
Learn More About Hamilton, Montana Affordable Housing ↓

What HUD offices serve Hamilton, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Hamilton, Montana.

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

How many renters live in Hamilton, Montana?

The City of Hamilton has 4,806 people living in 2,562 households.

There are 2,266 renters living in 1,277 renter households in this City. Renters make up 47.15 percent of the population living in Hamilton.

What is the rental market like in Hamilton, Montana?

There are an estimated 2,776 housing units in the Hamilton area. Of these, 1,429 units are rental homes, making up 51 percent of the housing market. For every renter household in Hamilton, Montana, there are 1 rental units.

What is the vacancy rate for rentals in Hamilton?

The rental vacancy rate in Hamilton is 11 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

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

Occupied Rental Units by Size in Hamilton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
83 429 528 220 0
Occupied Rental Units by Size in Hamilton

A large number of apartments in Hamilton 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 Hamilton are overburdened by housing costs?

Among renter households in this market, 43 percent have housing cost burden. Further, 23 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 Hamilton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $674 to $1,575. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $674
One BR $718
Two BR $928
Three BR $1,304
Four BR $1,575
2024 Fair Market Rents in Hamilton, Montana

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

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
Studio 58 70 percent
One BR 258 60 percent
Two BR 332 63 percent
Rental Units Below FMR in Hamilton, Montana

How many affordable rental units are in Hamilton?

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

Federal Program Unit Count
Low Income Housing Tax Credit 287
Section 8 Project-Based Rental Assistance 60
USDA Section 515 Rural Rental Housing 34
Tracked Units by Federal Program in Hamilton, Montana

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

Income Based Apartments in Hamilton, Montana

Hamilton features 94 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 Hamilton, Montana

There are 188 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hamilton.

Housing Choice Vouchers in Hamilton, Montana

On average, Section 8 Housing Choice vouchers pay Hamilton landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Hamilton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hamilton, Montana for a two-bedroom apartment is between $835 and $1,021.

Sourced from federal housing data and AffordableHousingOnline.com research.