Low Income Apartments and Affordable Housing For Rent in Homer, AK

Discover affordable housing in Homer 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.

Conifer Woods Apartments

4014 Ben Walters Ln, Homer, Alaska 99603

bed 1-2
payment $881-980/mo.
switch_access_shortcut Short Wait
elderly Senior

East End Cottages

41718 Crested Crane St, Homer, Alaska 99603

bed 2-3
switch_access_shortcut Short Wait
accessibility Accessible

Harbor Ridge Apartments

4047 Main St, Homer, Alaska 99603

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Homer, Alaska

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Feb 1
Open Until Further Notice
cloud_download
calendar_month

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice
cloud_download
calendar_month

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice
cloud_download
calendar_month

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice
cloud_download
calendar_month

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice
cloud_download
calendar_month

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice
cloud_download
calendar_month

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice
cloud_download
calendar_month

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice
cloud_download
calendar_month

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Feb 1
Open Until Further Notice
cloud_download
calendar_month

Reported On February 23rd, 2024 by Lorena Bentley

calendar_today Opened: Oct 5
Open Until Further Notice
cloud_download

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Homer, Alaska
$24.64/hour
$12.91 (+110%) more than Alaska minimum wage and $17.39 (+240%) more than the Federal minimum wage.
Learn More About Homer, Alaska Affordable Housing ↓

What HUD offices serve Homer, Alaska?

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), Moving to Work, Section 8 Project-Based Rental Assistance (PBRA) programs for Homer, Alaska.

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

How many renters live in Homer, Alaska?

The City of Homer has people living in households.

There are renters living in renter households in this City. Renters make up 31.39 percent of the population living in Homer.

What is the rental market like in Homer, Alaska?

There are an estimated housing units in the Homer area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Homer, Alaska, there are 1.15 rental units.

What is the vacancy rate for rentals in Homer?

The rental vacancy rate in Homer is 10 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 Homer for each bedroom size?

Occupied Rental Units by Size in Homer
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
83 166 312 150 25
Occupied Rental Units by Size in Homer

A large number of apartments in Homer have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Homer

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $984 to $2,090. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $984
One BR $990
Two BR $1,301
Three BR $1,833
Four BR $2,090
2024 Fair Market Rents in Homer, Alaska

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

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 41 49 percent
One BR 120 72 percent
Two BR 155 50 percent
Rental Units Below FMR in Homer, Alaska

How many affordable rental units are in Homer?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Tracked Units by Federal Program in Homer, Alaska

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

Income Based Apartments in Homer, Alaska

Homer features 56 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 Homer, Alaska

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Homer.

Housing Choice Vouchers in Homer, Alaska

On average, Section 8 Housing Choice vouchers pay Homer landlords $600 per month towards rent. The average voucher holder contributes $500 towards rent in Homer.

The maximum amount a voucher would pay on behalf of a low-income tenant in Homer, Alaska for a two-bedroom apartment is between $1,171 and $1,431.

Sourced from federal housing data and AffordableHousingOnline.com research.