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Low Income Apartments and Affordable Housing For Rent in Central Lake, MI

Discover affordable housing in Central Lake where there are 1+ 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.

Image of Central Lake Apts

Central Lake Apts

8062 W Cedar St, Central Lake, Michigan

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Central Lake, Michigan

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
 Low income apartments with no or short waiting lists.
payment Subsidized
 Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
 Apartments that accept Section 8 vouchers near you
elderly Senior
 Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
 Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
 Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
 Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Central Lake, Michigan
$19.28/hour
$8.95 (+87%) more than Michigan minimum wage and $12.03 (+166%) more than the Federal minimum wage.
Learn More About Central Lake, Michigan Affordable Housing ↓

What HUD offices serve Central Lake, 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.

Michigan State Housing Development Authority
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 Central Lake, Michigan.
Traverse City Housing Commission
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Central Lake, Michigan.

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

How many renters live in Central Lake, Michigan?

The City of Central Lake has people living in households.

There are renters living in renter households in this City. Renters make up 28.64 percent of the population living in Central Lake.

What is the rental market like in Central Lake, Michigan?

There are an estimated housing units in the Central Lake area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Central Lake, Michigan, there are 1.11 rental units.

What is the vacancy rate for rentals in Central Lake?

The rental vacancy rate in Central Lake is 10 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 Central Lake for each bedroom size?

Occupied Rental Units by Size in Central Lake
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2 7 10 14 29
Occupied Rental Units by Size in Central Lake

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

How Much Is Rent in Central Lake

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $690 to $1,566. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $690
One BR $826
Two BR $1,018
Three BR $1,231
Four BR $1,566
2024 Fair Market Rents in Central Lake, Michigan

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

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 2 100 percent
One BR 7 100 percent
Two BR 10 100 percent
Rental Units Below FMR in Central Lake, Michigan

How many affordable rental units are in Central Lake?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Central Lake, Michigan

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

Income Based Apartments in Central Lake, Michigan

Central Lake features 8 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 Central Lake, Michigan

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

Housing Choice Vouchers in Central Lake, Michigan

On average, Section 8 Housing Choice vouchers pay Central Lake landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Central Lake.

The maximum amount a voucher would pay on behalf of a low-income tenant in Central Lake, Michigan for a two-bedroom apartment is between $916 and $1,120.

Sourced from federal housing data and AffordableHousingOnline.com research.