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

Discover affordable housing in Petersburg Borough where there are 0+ 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.

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Petersburg Borough, Alaska
$25.66/hour
$13.93 (+119%) more than Alaska minimum wage and $18.41 (+254%) more than the Federal minimum wage.
Learn More About Petersburg Borough, Alaska Affordable Housing ↓

How many renters live in Petersburg Borough, Alaska?

The County of Petersburg Borough has 3,374 people living in 1,254 households.

There are 799 renters living in 334 renter households in this County. Renters make up 23.68 percent of the population living in Petersburg Borough.

What is the rental market like in Petersburg Borough, Alaska?

There are an estimated 1,792 housing units in the Petersburg Borough area. Of these, 413 units are rental homes, making up 23 percent of the housing market. For every renter household in Petersburg Borough, Alaska, there are 1 rental units.

What is the vacancy rate for rentals in Petersburg Borough?

The rental vacancy rate in Petersburg Borough is 17 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 Petersburg Borough for each bedroom size?

Occupied Rental Units by Size in Petersburg Borough
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
20 89 146 49 25
Occupied Rental Units by Size in Petersburg Borough

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

Among renter households in this market, 40 percent have housing cost burden. Further, 19 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 Petersburg Borough

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $955 to $2,099. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $955
One BR $1,099
Two BR $1,355
Three BR $1,638
Four BR $2,099
2024 Fair Market Rents in Petersburg Borough, Alaska

How many units are rented at Fair Market Rent (FMR) in Petersburg 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 8 40 percent
One BR 52 58 percent
Two BR 98 67 percent
Rental Units Below FMR in Petersburg Borough, Alaska

How many affordable rental units are in Petersburg Borough?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 48
Tracked Units by Federal Program in Petersburg Borough, Alaska

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

Income Based Apartments in Petersburg Borough, Alaska

Petersburg Borough features 0 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 Borough, Alaska

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

Housing Choice Vouchers in Petersburg Borough, Alaska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Petersburg Borough, Alaska for a two-bedroom apartment is between $1,220 and $1,491.

Sourced from federal housing data and AffordableHousingOnline.com research.