Low Income Apartments and Affordable Housing For Rent in Matanuska Susitna Borough, AK

Discover affordable housing in Matanuska Susitna Borough where there are 35+ 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.

Whispering Winds Senior Apartments

507 Cope-Industrial Way, Palmer, Alaska 99645

Northridge Apartments

424 E Dogwood Ave, Palmer, Alaska 99645

Forest Apartments

328 W Cottonwood Avenue, Palmer, Alaska 99645

Chinook Villa Apartments

1200 S Century Cir, Wasilla, Alaska 99654

Willow Pointe Apartments

925 S Chugach St, Palmer, Alaska 99645

Willow House

1301 Century Circle, Wasilla, Alaska 99654

Mid - Valley Manor

11913 W Mid Valley Way, Houston, Alaska 99623

Fireweed Housing Development

1075 S Check St, Wasilla, Alaska 99654

Daybreak Apartments ( Cmi )

2080 N Hemmer Rd, Palmer, Alaska 99645

Deneki House

222 E Danna Ave, Wasilla, Alaska 99654

Sutton Annex

15838 N Glenn Hwy, Sutton, Alaska 99674

Sutton Manor

15816 N Glenn Hwy, Sutton, Alaska 99674

Cranberry Ridge

11881 W Mid Valley Way, Houston, Alaska 99623

Vista Rose

1250 N. Lucille Street, Wasilla, Alaska 99654

Aspen Pines

413 E. Aspen Ave., Wasilla, Alaska 99654

Whispering Winds Senior Apartments

507 E. Cope Industrial Way, Palmer, Alaska 99645

Creekwood Apartments

1910 N Creekwood Park Cir, Palmer, Alaska 99645

Eagle Ridge

1775 Thuma St, Palmer, Alaska 99645

Wasilla Area Seniors : Alder View

1301 S Century Cir, Wasilla, Alaska 99654

Wasilla

1201 S Century Cir, Wasilla, Alaska 99654

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Matanuska Susitna Borough, Alaska
$24.24/hour
$12.51 (+107%) more than Alaska minimum wage and $16.99 (+234%) more than the Federal minimum wage.
Learn More About Matanuska Susitna Borough, Alaska Affordable Housing ↓

How many renters live in Matanuska Susitna Borough, Alaska?

The County of Matanuska Susitna Borough has 113,325 people living in 39,942 households.

There are 22,311 renters living in 9,590 renter households in this County. Renters make up 19.69 percent of the population living in Matanuska Susitna Borough.

What is the rental market like in Matanuska Susitna Borough, Alaska?

There are an estimated 51,178 housing units in the Matanuska Susitna Borough area. Of these, 9,935 units are rental homes, making up 19 percent of the housing market. For every renter household in Matanuska Susitna Borough, Alaska, there are 1 rental units.

What is the vacancy rate for rentals in Matanuska Susitna Borough?

The rental vacancy rate in Matanuska Susitna Borough is 3 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 Matanuska Susitna Borough for each bedroom size?

Occupied Rental Units by Size in Matanuska Susitna Borough
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
415 1,931 3,495 3,022 695
Occupied Rental Units by Size in Matanuska Susitna Borough

A large number of apartments in Matanuska Susitna Borough 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 Matanuska Susitna Borough are overburdened by housing costs?

Among renter households in this market, 45 percent have housing cost burden. Further, 20 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 Matanuska Susitna Borough

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $919 to $2,172. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $919
One BR $974
Two BR $1,280
Three BR $1,804
Four BR $2,172
2024 Fair Market Rents in Matanuska Susitna Borough, Alaska

How many units are rented at Fair Market Rent (FMR) in Matanuska Susitna Borough?

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 102 25 percent
One BR 1,122 58 percent
Two BR 1,991 57 percent
Rental Units Below FMR in Matanuska Susitna Borough, Alaska

How many affordable rental units are in Matanuska Susitna Borough?

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

Federal Program Unit Count
Low Income Housing Tax Credit 567
Public Housing 32
Section 8 Project-Based Rental Assistance 19
Section 202 Supportive Housing for the Elderly 22
Section 811 Supportive Housing for Persons with Disabilities 31
USDA Section 515 Rural Rental Housing 124
Tracked Units by Federal Program in Matanuska Susitna Borough, Alaska

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

Income Based Apartments in Matanuska Susitna Borough, Alaska

Matanuska Susitna Borough features 243 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 Matanuska Susitna Borough, Alaska

There are 659 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Matanuska Susitna Borough.

Housing Choice Vouchers in Matanuska Susitna Borough, Alaska

On average, Section 8 Housing Choice vouchers pay Matanuska Susitna Borough landlords $700 per month towards rent. The average voucher holder contributes $500 towards rent in Matanuska Susitna Borough.

The maximum amount a voucher would pay on behalf of a low-income tenant in Matanuska Susitna Borough, Alaska for a two-bedroom apartment is between $1,152 and $1,408.

Sourced from federal housing data and AffordableHousingOnline.com research.