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

Discover affordable housing in Holt 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.

Prestwick Village Apartments

2363 N. Cedar Street, Holt, Michigan 48842

Huntley Villas Townhomes

1594 N. Aurelius Rd., Holt, Michigan 48842

Delhi Stratford Place

2385 Cedar Park Dr , Holt, Michigan 48842

Tamarack Apartments

4400 Holt Rd, Holt, Michigan 48842

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Holt, Michigan
$20.68/hour
$10.35 (+100%) more than Michigan minimum wage and $13.43 (+185%) more than the Federal minimum wage.
Learn More About Holt, Michigan Affordable Housing ↓

What HUD offices serve Holt, 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 Holt, Michigan.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Holt, Michigan.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Holt, Michigan.

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

How many renters live in Holt, Michigan?

The City of Holt has 25,374 people living in 10,409 households.

There are 7,353 renters living in 3,575 renter households in this City. Renters make up 28.98 percent of the population living in Holt.

What is the rental market like in Holt, Michigan?

There are an estimated 10,897 housing units in the Holt area. Of these, 3,679 units are rental homes, making up 34 percent of the housing market. For every renter household in Holt, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Holt?

The rental vacancy rate in Holt is 2 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 Holt for each bedroom size?

Occupied Rental Units by Size in Holt
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
168 677 1,805 791 134
Occupied Rental Units by Size in Holt

A large number of apartments in Holt 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 Holt 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 Holt

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $847 to $1,454. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $847
One BR $887
Two BR $1,092
Three BR $1,423
Four BR $1,454
2024 Fair Market Rents in Holt, Michigan

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

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 141 84 percent
One BR 274 40 percent
Two BR 725 40 percent
Rental Units Below FMR in Holt, Michigan

How many affordable rental units are in Holt?

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

Federal Program Unit Count
Low Income Housing Tax Credit 310
Section 8 Project-Based Rental Assistance 138
Tracked Units by Federal Program in Holt, Michigan

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

Income Based Apartments in Holt, Michigan

Holt features 172 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 Holt, Michigan

There are 66 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Holt.

Housing Choice Vouchers in Holt, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Holt, Michigan for a two-bedroom apartment is between $983 and $1,201.

Sourced from federal housing data and AffordableHousingOnline.com research.