Low Income Apartments and Affordable Housing For Rent in Bad Axe, MI

Discover affordable housing in Bad Axe where there are 4+ 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.

Port Crescent Apartments

219 Watkins Place, Bad Axe, Michigan 48413

Port Crescent Apartments CO Medallion Mgmt

151 Watkins Pl, Bad Axe, Michigan 48413

Village Square Apartments Kmg Prestige, Inc

60 Cook Dr, Bad Axe, Michigan 48413

The Woods Apartments

1151 E Hopson St, Bad Axe, Michigan 48413

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bad Axe, 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 Bad Axe, Michigan Affordable Housing ↓

What HUD offices serve Bad Axe, 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 Bad Axe, Michigan.

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

How many renters live in Bad Axe, Michigan?

The City of Bad Axe has 3,025 people living in 1,298 households.

There are 1,094 renters living in 584 renter households in this City. Renters make up 36.17 percent of the population living in Bad Axe.

What is the rental market like in Bad Axe, Michigan?

There are an estimated 1,444 housing units in the Bad Axe area. Of these, 613 units are rental homes, making up 42 percent of the housing market. For every renter household in Bad Axe, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Bad Axe?

The rental vacancy rate in Bad Axe is 5 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 Bad Axe for each bedroom size?

Occupied Rental Units by Size in Bad Axe
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
7 177 181 175 22
Occupied Rental Units by Size in Bad Axe

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

Among renter households in this market, 38 percent have housing cost burden. Further, 20 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 Bad Axe

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $639 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $639
One BR $717
Two BR $905
Three BR $1,101
Four BR $1,205
2024 Fair Market Rents in Bad Axe, Michigan

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

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 7 100 percent
One BR 141 80 percent
Two BR 146 81 percent
Rental Units Below FMR in Bad Axe, Michigan

How many affordable rental units are in Bad Axe?

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

Federal Program Unit Count
Low Income Housing Tax Credit 189
Section 8 Project-Based Rental Assistance 55
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Bad Axe, Michigan

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

Income Based Apartments in Bad Axe, Michigan

Bad Axe features 168 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 Bad Axe, Michigan

There are 56 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bad Axe.

Housing Choice Vouchers in Bad Axe, Michigan

On average, Section 8 Housing Choice vouchers pay Bad Axe landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Bad Axe.

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

Sourced from federal housing data and AffordableHousingOnline.com research.