Low Income Apartments and Affordable Housing For Rent in Cascade, MT

Discover affordable housing in Cascade 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.

Quiet Day Manor

200 4th Ave N, Cascade, Montana 59421

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cascade, Montana
$18.54/hour
$14.54 (+364%) more than Montana minimum wage and $11.29 (+156%) more than the Federal minimum wage.
Learn More About Cascade, Montana Affordable Housing ↓

What HUD offices serve Cascade, Montana?

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) programs for Cascade, Montana.

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

How many renters live in Cascade, Montana?

The City of Cascade has 569 people living in 254 households.

There are 141 renters living in 78 renter households in this City. Renters make up 24.78 percent of the population living in Cascade.

What is the rental market like in Cascade, Montana?

There are an estimated 319 housing units in the Cascade area. Of these, 104 units are rental homes, making up 33 percent of the housing market. For every renter household in Cascade, Montana, there are 1 rental units.

What is the vacancy rate for rentals in Cascade?

The rental vacancy rate in Cascade is 25 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 Cascade for each bedroom size?

Occupied Rental Units by Size in Cascade
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2 0 55 19 2
Occupied Rental Units by Size in Cascade

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

Among renter households in this market, 33 percent have housing cost burden. Further, 3 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 Cascade

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $708 to $1,560. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $708
One BR $745
Two BR $979
Three BR $1,380
Four BR $1,560
2024 Fair Market Rents in Cascade, Montana

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

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
Two BR 24 44 percent
Rental Units Below FMR in Cascade, Montana

How many affordable rental units are in Cascade?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 20
Tracked Units by Federal Program in Cascade, Montana

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

Income Based Apartments in Cascade, Montana

Cascade features 20 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 Cascade, Montana

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

Housing Choice Vouchers in Cascade, Montana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cascade, Montana for a two-bedroom apartment is between $881 and $1,077.

Sourced from federal housing data and AffordableHousingOnline.com research.