; Low Income Apartments For Rent in Petersburg, AK

Vakker Sted

107 Excel St.
Petersburg, Alaska
Rent Assisted
Call For Rent
1-2 BR

Petersburg Elderly

PO Box 1530
Petersburg, Alaska

North Wind Apartments

PO Box 1965
Petersburg, Alaska
Showing Results 1-15
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There are 15 low-income apartments in Petersburg that offer reduced rents to eligible households.

Rental assistance programs support 48 low-income homes in Petersburg where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $481 towards rent each month.

Affordable rent data for some communities last confirmed on April 26th, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Petersburg, 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.

Housing Authority Programs
Alaska Housing Finance Corporation - Section 8 Section 8 Housing Choice Voucher (HCV); Moving to Work; Section 8 Project-Based Rental Assistance (PBRA)
Go to the Alaska Public Housing and Low-Income Apartments Waiting Lists page for openings near Petersburg.

Petersburg, Alaska Affordable Housing Data

Income Based Apartments in Petersburg, Alaska

Petersburg features 48 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 Petersburg, Alaska

There are 15 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Petersburg.

Housing Choice Vouchers in Petersburg, Alaska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Petersburg, Alaska for a two-bedroom apartment is between $1,637 and $2,001.

2023 Petersburg, Alaska Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Petersburg, Alaska Fair Market Rent $1,417 $1,426 $1,819 $2,214 $2,444
Petersburg, Alaska Payment Standard Range $1,275 to $1,559 $1,283 to $1,569 $1,637 to $2,001 $1,993 to $2,435 $2,200 to $2,688

Sourced from federal housing data and AffordableHousingOnline.com research.

Petersburg, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 63
Total Housing Units with Rental Assistance 48
Percentage of Housing Units Occupied By Renters 33.83%
Average Renter Household Size 1.94
Average Household Size 2.37
Median Household Income $68,641 ±$6,910
Median Rent $931 ±$66
Percentage Of Renters Overburdened 41.12% ± 8.41pp
Total Population 3,024

Population and Household Demographics

Petersburg is a city in Bethel Census Area, Alaska with a population of 3,024. There are 1,215 households in the city with an average household size of 2.37 persons. 33.83% of households in Petersburg are renters.

Income and Rent Overburden in Petersburg

The median gross income for households in Petersburg is $68,641 a year, or $5,720 a month. The median rent for the city is $931 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Petersburg, a household making less than $3,103 a month would be considered overburdened when renting an apartment at or above the median rent. 41.12% of households who rent are overburdened in Petersburg.

Area Median Income In Petersburg

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Petersburg, the AMI is calculated from all households within Bethel Census Area.

In Petersburg, HUD calculates the Area Median Income for a family of four as $64,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Petersburg

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Petersburg

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Petersburg AMI may qualify for rental assistance programs that target Extremely Low Income households.
$22,050 $25,200 $31,070 $37,500 $43,930 $50,360 $56,790 $63,220
50% AMI Income Limits
Renters earning up to 50% of the Petersburg AMI may qualify for rental assistance programs that target Very Low Income households.
$36,700 $41,950 $47,200 $52,400 $56,600 $60,800 $65,000 $69,200
80% AMI Income Limits
Renters earning up to 80% of the Petersburg AMI may qualify for rental assistance programs that target Low Income households.
$58,700 $67,100 $75,500 $83,850 $90,600 $97,300 $104,000 $110,700