Low Income Apartments and Affordable Housing For Rent in Morrisville, VT

Discover affordable housing in Morrisville where there are 5+ 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.

Lamoille View Apartments

165 Park St, Morrisville, Vermont 05661

Copley Terrace

528 Washington Hwy, Morrisville, Vermont 05661

Colonial Manor

56 Colonial Mnr, Morrisville, Vermont 05661

Portland and Main Housing

16 Portland St, Morrisville, Vermont 05661

Congress and Park

19 Congress St, Morrisville, Vermont 05661

calendar_today Opens: Apr 1

Reported On March 19th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Morrisville, Vermont
$24.45/hour
$10.78 (+79%) more than Vermont minimum wage and $17.20 (+237%) more than the Federal minimum wage.
Learn More About Morrisville, Vermont Affordable Housing ↓

What HUD offices serve Morrisville, Vermont?

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 Morrisville, Vermont.

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

How many renters live in Morrisville, Vermont?

The City of Morrisville has 2,576 people living in 1,149 households.

There are 913 renters living in 503 renter households in this City. Renters make up 35.44 percent of the population living in Morrisville.

What is the rental market like in Morrisville, Vermont?

There are an estimated 1,231 housing units in the Morrisville area. Of these, 507 units are rental homes, making up 41 percent of the housing market. For every renter household in Morrisville, Vermont, there are 1 rental units.

What is the vacancy rate for rentals in Morrisville?

The rental vacancy rate in Morrisville is 1 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 Morrisville for each bedroom size?

Occupied Rental Units by Size in Morrisville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
20 160 234 57 21
Occupied Rental Units by Size in Morrisville

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

Among renter households in this market, 50 percent have housing cost burden. Further, 15 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 Morrisville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $913 to $1,719. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $913
One BR $983
Two BR $1,291
Three BR $1,713
Four BR $1,719
2024 Fair Market Rents in Morrisville, Vermont

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

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 15 75 percent
One BR 98 61 percent
Two BR 100 43 percent
Rental Units Below FMR in Morrisville, Vermont

How many affordable rental units are in Morrisville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 70
Section 8 Project-Based Rental Assistance 63
USDA Section 515 Rural Rental Housing 8
Tracked Units by Federal Program in Morrisville, Vermont

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

Income Based Apartments in Morrisville, Vermont

Morrisville features 91 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 Morrisville, Vermont

There are 14 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Morrisville.

Housing Choice Vouchers in Morrisville, Vermont

On average, Section 8 Housing Choice vouchers pay Morrisville landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Morrisville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Morrisville, Vermont for a two-bedroom apartment is between $1,162 and $1,420.

Sourced from federal housing data and AffordableHousingOnline.com research.