Low Income Apartments and Affordable Housing For Rent in North Bennington, VT

Discover affordable housing in North Bennington where there are 2+ 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.

Homestead Mews

49 Rt 67 W, North Bennington, Vermont 05257

Homestead Greene Apartments

123 Route 67 W, North Bennington, Vermont 05257

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 North Bennington, Vermont
$23.50/hour
$9.83 (+72%) more than Vermont minimum wage and $16.25 (+224%) more than the Federal minimum wage.
Learn More About North Bennington, Vermont Affordable Housing ↓

What HUD offices serve North Bennington, 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 North Bennington, Vermont.

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

How many renters live in North Bennington, Vermont?

The City of North Bennington has 1,420 people living in 347 households.

There are 416 renters living in 121 renter households in this City. Renters make up 29.3 percent of the population living in North Bennington.

What is the rental market like in North Bennington, Vermont?

There are an estimated 421 housing units in the North Bennington area. Of these, 129 units are rental homes, making up 31 percent of the housing market. For every renter household in North Bennington, Vermont, there are 1 rental units.

What is the vacancy rate for rentals in North Bennington?

The rental vacancy rate in North Bennington is 6 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 North Bennington for each bedroom size?

Occupied Rental Units by Size in North Bennington
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
5 45 28 43 0
Occupied Rental Units by Size in North Bennington

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

Among renter households in this market, 47 percent have housing cost burden. Further, 16 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 North Bennington

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $936 to $1,929. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $936
One BR $1,006
Two BR $1,241
Three BR $1,642
Four BR $1,929
2024 Fair Market Rents in North Bennington, Vermont

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

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 30 67 percent
Two BR 5 18 percent
Rental Units Below FMR in North Bennington, Vermont

How many affordable rental units are in North Bennington?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 5
Tracked Units by Federal Program in North Bennington, Vermont

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

Income Based Apartments in North Bennington, Vermont

North Bennington features 41 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 North Bennington, Vermont

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

Housing Choice Vouchers in North Bennington, Vermont

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

The maximum amount a voucher would pay on behalf of a low-income tenant in North Bennington, Vermont for a two-bedroom apartment is between $1,117 and $1,365.

Sourced from federal housing data and AffordableHousingOnline.com research.