Low Income Apartments and Affordable Housing For Rent in Petroleum County, MT

Discover affordable housing in Petroleum County 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.

Winnett Apartments

4 N Lepper Ave, Winnett, Montana 59087

calendar_today Opened: Apr 6
Open Until Further Notice

Reported On February 23rd, 2024 by Madison Shannahan

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Petroleum County, Montana
$18.90/hour
$14.90 (+373%) more than Montana minimum wage and $11.65 (+161%) more than the Federal minimum wage.
Learn More About Petroleum County, Montana Affordable Housing ↓

What HUD offices serve Petroleum County, 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 Petroleum County, Montana.

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

How many renters live in Petroleum County, Montana?

The County of Petroleum County has 416 people living in 189 households.

There are 126 renters living in 56 renter households in this County. Renters make up 30.29 percent of the population living in Petroleum County.

What is the rental market like in Petroleum County, Montana?

There are an estimated 292 housing units in the Petroleum County area. Of these, 58 units are rental homes, making up 20 percent of the housing market. For every renter household in Petroleum County, Montana, there are 1 rental units.

What is the vacancy rate for rentals in Petroleum County?

The rental vacancy rate in Petroleum County is 0 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 Petroleum County for each bedroom size?

Occupied Rental Units by Size in Petroleum County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1 2 12 35 2
Occupied Rental Units by Size in Petroleum County

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

Among renter households in this market, 2 percent have housing cost burden. Further, 0 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 Petroleum County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $725 to $1,571. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $725
One BR $760
Two BR $998
Three BR $1,356
Four BR $1,571
2024 Fair Market Rents in Petroleum County, Montana

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

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 0 100 percent
One BR 0 100 percent
Two BR 7 58 percent
Rental Units Below FMR in Petroleum County, Montana

How many affordable rental units are in Petroleum County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 6
USDA Section 515 Rural Rental Housing 6
Tracked Units by Federal Program in Petroleum County, Montana

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

Income Based Apartments in Petroleum County, Montana

Petroleum County features 6 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 Petroleum County, Montana

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

Housing Choice Vouchers in Petroleum County, Montana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Petroleum County, Montana for a two-bedroom apartment is between $898 and $1,098.

Sourced from federal housing data and AffordableHousingOnline.com research.