Low Income Apartments and Affordable Housing For Rent in Steele, ND

Discover affordable housing in Steele where there are 3+ 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.

Steele Housing

411 Mitchell Ave N, Steele, North Dakota 58482

Daniel Dineen

440 2nd Ave NE, Steele, North Dakota 58482

Prairieview Apts

510 2nd Ave Nw, Steele, North Dakota

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Steele, North Dakota
$16.27/hour
$9.02 (+124%) more than North Dakota minimum wage and $9.02 (+124%) more than the Federal minimum wage.
Learn More About Steele, North Dakota Affordable Housing ↓

How many renters live in Steele, North Dakota?

The City of Steele has 816 people living in 383 households.

There are 243 renters living in 116 renter households in this City. Renters make up 29.78 percent of the population living in Steele.

What is the rental market like in Steele, North Dakota?

There are an estimated 438 housing units in the Steele area. Of these, 130 units are rental homes, making up 30 percent of the housing market. For every renter household in Steele, North Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Steele?

The rental vacancy rate in Steele is 11 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 Steele for each bedroom size?

Occupied Rental Units by Size in Steele
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 25 55 20 9
Occupied Rental Units by Size in Steele

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

Among renter households in this market, 36 percent have housing cost burden. Further, 19 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 Steele

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $745 to $1,458. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $745
One BR $760
Two BR $859
Three BR $1,211
Four BR $1,458
2024 Fair Market Rents in Steele, North Dakota

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

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 13 52 percent
Two BR 39 71 percent
Rental Units Below FMR in Steele, North Dakota

How many affordable rental units are in Steele?

There are a variety of federal affordable housing programs serving households in Steele, North Dakota including the following:

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 8
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Steele, North Dakota

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

Income Based Apartments in Steele, North Dakota

Steele features 28 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 Steele, North Dakota

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

Housing Choice Vouchers in Steele, North Dakota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Steele, North Dakota for a two-bedroom apartment is between $773 and $945.

Sourced from federal housing data and AffordableHousingOnline.com research.