Low Income Apartments and Affordable Housing For Rent in Bantam, CT

Discover affordable housing in Bantam where there are 1+ 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.

Bantam Village C/O Residential Management Corp.

48 Bantam Village, Bantam, Connecticut

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bantam, Connecticut
$28.11/hour
$12.42 (+79%) more than Connecticut minimum wage and $20.86 (+288%) more than the Federal minimum wage.
Learn More About Bantam, Connecticut Affordable Housing ↓

How many renters live in Bantam, Connecticut?

The City of Bantam has 697 people living in 353 households.

There are 307 renters living in 202 renter households in this City. Renters make up 44.05 percent of the population living in Bantam.

What is the rental market like in Bantam, Connecticut?

There are an estimated 407 housing units in the Bantam area. Of these, 202 units are rental homes, making up 50 percent of the housing market. For every renter household in Bantam, Connecticut, there are 1 rental units.

What is the vacancy rate for rentals in Bantam?

The rental vacancy rate in Bantam is 0 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 Bantam for each bedroom size?

Occupied Rental Units by Size in Bantam
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4 146 22 30 0
Occupied Rental Units by Size in Bantam

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

Among renter households in this market, 51 percent have housing cost burden. Further, 27 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 Bantam

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,006 to $2,024. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,006
One BR $1,160
Two BR $1,484
Three BR $1,819
Four BR $2,024
2024 Fair Market Rents in Bantam, Connecticut

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

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 2 50 percent
One BR 126 86 percent
Two BR 14 64 percent
Rental Units Below FMR in Bantam, Connecticut

How many affordable rental units are in Bantam?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Bantam, Connecticut

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

Income Based Apartments in Bantam, Connecticut

Bantam 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 Bantam, Connecticut

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

Housing Choice Vouchers in Bantam, Connecticut

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bantam, Connecticut for a two-bedroom apartment is between $1,336 and $1,632.

Sourced from federal housing data and AffordableHousingOnline.com research.