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

Discover affordable housing in Alma 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.

Scottish Pines CO Pk Housing and Mgmt

1575 Pine Ave, Alma, Michigan 48801

Alma Apartments

240 Windsor St, Alma, Michigan 48801

Pine Villa

425 E Warwick Dr, Alma, Michigan 48801

Pine Winds II

1050 Bridge Ave, Alma, Michigan 48801

Tartan Terrace

400 E Warwick Dr, Alma, Michigan 48801

Countryside Four

1430 Charles Ave, Alma, Michigan 48801

Countryside Three

1346 Charles Ave, Alma, Michigan 48801

Countryside Two

1380 Charles Ave, Alma, Michigan 48801

Countryside Apartments

1330 Charles Ave, Alma, Michigan 48801

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Alma, Michigan
$17.14/hour
$6.81 (+66%) more than Michigan minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Alma, Michigan Affordable Housing ↓

What HUD offices serve Alma, 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), Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV) programs for Alma, Michigan.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Alma, Michigan.

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

How many renters live in Alma, Michigan?

The City of Alma has 9,436 people living in 3,541 households.

There are 2,770 renters living in 1,389 renter households in this City. Renters make up 29.36 percent of the population living in Alma.

What is the rental market like in Alma, Michigan?

There are an estimated 3,797 housing units in the Alma area. Of these, 1,438 units are rental homes, making up 38 percent of the housing market. For every renter household in Alma, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Alma?

The rental vacancy rate in Alma is 3 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 Alma for each bedroom size?

Occupied Rental Units by Size in Alma
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
50 394 586 268 91
Occupied Rental Units by Size in Alma

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

Among renter households in this market, 54 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 Alma

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,528. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $743
Two BR $905
Three BR $1,171
Four BR $1,528
2024 Fair Market Rents in Alma, Michigan

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

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 31 62 percent
One BR 320 81 percent
Two BR 386 66 percent
Rental Units Below FMR in Alma, Michigan

How many affordable rental units are in Alma?

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

Federal Program Unit Count
Low Income Housing Tax Credit 207
Public Housing 94
Section 8 Project-Based Rental Assistance 181
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Alma, Michigan

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

Income Based Apartments in Alma, Michigan

Alma features 309 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 Alma, Michigan

There are 174 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Alma.

Housing Choice Vouchers in Alma, Michigan

On average, Section 8 Housing Choice vouchers pay Alma landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Alma.

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

Sourced from federal housing data and AffordableHousingOnline.com research.