Low Income Apartments and Affordable Housing For Rent in Three Rivers, MI

Discover affordable housing in Three Rivers where there are 8+ 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.

Edgewater Place Apartments

211 River Dr, Three Rivers, Michigan 49093

Westchase Apartments

1107 Hill Street, Three Rivers, Michigan 49093

Hampton Pointe

1110 E Broadway St, Three Rivers, Michigan 49093

Riverside

1229 Lockport Dr, Three Rivers, Michigan 49093

River Country

120 Benjamin Dr, Three Rivers, Michigan 49093

Woodbrook Senior Apartments

700 N Douglas Ave, Three Rivers, Michigan 49093

Erie Street Apts Medallion Mgt Inc

601 S. Erie Street, Three Rivers, Michigan

Bentwaters of Three Rivers

1101 Pealer St, Three Rivers, Michigan 49093

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Three Rivers, Michigan
$17.50/hour
$7.17 (+69%) more than Michigan minimum wage and $10.25 (+141%) more than the Federal minimum wage.
Learn More About Three Rivers, Michigan Affordable Housing ↓

What HUD offices serve Three Rivers, 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 Three Rivers, Michigan.

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

How many renters live in Three Rivers, Michigan?

The City of Three Rivers has 7,923 people living in 3,173 households.

There are 3,354 renters living in 1,583 renter households in this City. Renters make up 42.33 percent of the population living in Three Rivers.

What is the rental market like in Three Rivers, Michigan?

There are an estimated 3,489 housing units in the Three Rivers area. Of these, 1,698 units are rental homes, making up 49 percent of the housing market. For every renter household in Three Rivers, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Three Rivers?

The rental vacancy rate in Three Rivers is 4 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 Three Rivers for each bedroom size?

Occupied Rental Units by Size in Three Rivers
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
60 559 464 308 149
Occupied Rental Units by Size in Three Rivers

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

Among renter households in this market, 34 percent have housing cost burden. Further, 14 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 Three Rivers

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $646 to $1,339. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $646
One BR $712
Two BR $924
Three BR $1,277
Four BR $1,339
2024 Fair Market Rents in Three Rivers, Michigan

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

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 14 23 percent
One BR 421 75 percent
Two BR 322 69 percent
Rental Units Below FMR in Three Rivers, Michigan

How many affordable rental units are in Three Rivers?

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

Federal Program Unit Count
Low Income Housing Tax Credit 335
Section 8 Project-Based Rental Assistance 159
Section 811 Supportive Housing for Persons with Disabilities 17
USDA Section 515 Rural Rental Housing 192
Tracked Units by Federal Program in Three Rivers, Michigan

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

Income Based Apartments in Three Rivers, Michigan

Three Rivers features 336 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 Three Rivers, Michigan

There are 144 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Three Rivers.

Housing Choice Vouchers in Three Rivers, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Three Rivers, Michigan for a two-bedroom apartment is between $832 and $1,016.

Sourced from federal housing data and AffordableHousingOnline.com research.