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

Discover affordable housing in Frankenmuth 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.

Heritage Village II Apartments

325 W Schleier St, Frankenmuth, Michigan 48734

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Frankenmuth, Michigan
$19.02/hour
$8.69 (+84%) more than Michigan minimum wage and $11.77 (+162%) more than the Federal minimum wage.
Learn More About Frankenmuth, Michigan Affordable Housing ↓

What HUD offices serve Frankenmuth, 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, Family Self-Sufficiency programs for Frankenmuth, Michigan.

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

How many renters live in Frankenmuth, Michigan?

The City of Frankenmuth has 5,064 people living in 2,374 households.

There are 1,250 renters living in 859 renter households in this City. Renters make up 24.68 percent of the population living in Frankenmuth.

What is the rental market like in Frankenmuth, Michigan?

There are an estimated 2,549 housing units in the Frankenmuth area. Of these, 922 units are rental homes, making up 36 percent of the housing market. For every renter household in Frankenmuth, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Frankenmuth?

The rental vacancy rate in Frankenmuth is 7 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 Frankenmuth for each bedroom size?

Occupied Rental Units by Size in Frankenmuth
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
64 246 391 77 0
Occupied Rental Units by Size in Frankenmuth

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

Among renter households in this market, 34 percent have housing cost burden. Further, 16 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 Frankenmuth

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $681 to $1,337. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $681
One BR $764
Two BR $1,004
Three BR $1,295
Four BR $1,337
2024 Fair Market Rents in Frankenmuth, Michigan

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

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 51 80 percent
One BR 179 73 percent
Two BR 338 86 percent
Rental Units Below FMR in Frankenmuth, Michigan

How many affordable rental units are in Frankenmuth?

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

Federal Program Unit Count
Low Income Housing Tax Credit 47
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Frankenmuth, Michigan

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

Income Based Apartments in Frankenmuth, Michigan

Frankenmuth features 48 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 Frankenmuth, Michigan

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

Housing Choice Vouchers in Frankenmuth, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Frankenmuth, Michigan for a two-bedroom apartment is between $904 and $1,104.

Sourced from federal housing data and AffordableHousingOnline.com research.