Low Income Apartments and Affordable Housing For Rent in New Buffalo, MI

Discover affordable housing in New Buffalo 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.

Oakview Estates % Medallion Mgt Inc

17670 Us 12, New Buffalo, Michigan

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In New Buffalo, Michigan
$20.17/hour
$9.84 (+95%) more than Michigan minimum wage and $12.92 (+178%) more than the Federal minimum wage.
Learn More About New Buffalo, Michigan Affordable Housing ↓

What HUD offices serve New Buffalo, 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 New Buffalo, Michigan.

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

How many renters live in New Buffalo, Michigan?

The City of New Buffalo has 1,362 people living in 732 households.

There are 224 renters living in 160 renter households in this City. Renters make up 16.45 percent of the population living in New Buffalo.

What is the rental market like in New Buffalo, Michigan?

There are an estimated 1,602 housing units in the New Buffalo area. Of these, 186 units are rental homes, making up 12 percent of the housing market. For every renter household in New Buffalo, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in New Buffalo?

The rental vacancy rate in New Buffalo is 14 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 New Buffalo for each bedroom size?

Occupied Rental Units by Size in New Buffalo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 72 59 21 0
Occupied Rental Units by Size in New Buffalo

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

Among renter households in this market, 48 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 New Buffalo

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $722 to $1,431. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $722
One BR $811
Two BR $1,065
Three BR $1,364
Four BR $1,431
2024 Fair Market Rents in New Buffalo, Michigan

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

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
One BR 64 89 percent
Two BR 17 29 percent
Rental Units Below FMR in New Buffalo, Michigan

How many affordable rental units are in New Buffalo?

Income Based Apartments in New Buffalo, Michigan

New Buffalo features 32 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 New Buffalo, Michigan

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

Housing Choice Vouchers in New Buffalo, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in New Buffalo, Michigan for a two-bedroom apartment is between $959 and $1,172.

Sourced from federal housing data and AffordableHousingOnline.com research.