Low Income Apartments and Affordable Housing For Rent in Spirit Lake, ID

Discover affordable housing in Spirit Lake where there are 2+ 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.

Maple Tree Court

401 E Jefferson St, Spirit Lake, Idaho 0

Timberlane Apartments

5923 W Massachusetts St, Spirit Lake, Idaho 0

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Spirit Lake, Idaho

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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Spirit Lake, Idaho
$23.83/hour
$16.58 (+229%) more than Idaho minimum wage and $16.58 (+229%) more than the Federal minimum wage.
Learn More About Spirit Lake, Idaho Affordable Housing ↓

How many renters live in Spirit Lake, Idaho?

The City of Spirit Lake has people living in households.

There are renters living in renter households in this City. Renters make up 12.21 percent of the population living in Spirit Lake.

What is the rental market like in Spirit Lake, Idaho?

There are an estimated housing units in the Spirit Lake area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Spirit Lake, Idaho, there are 1.09 rental units.

What is the vacancy rate for rentals in Spirit Lake?

The rental vacancy rate in Spirit Lake is 8 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 Spirit Lake for each bedroom size?

Occupied Rental Units by Size in Spirit Lake
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
23 23 24 47 0
Occupied Rental Units by Size in Spirit Lake

A large number of apartments in Spirit Lake 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 Spirit Lake

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $853 to $2,135. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $853
One BR $1,042
Two BR $1,258
Three BR $1,773
Four BR $2,135
2024 Fair Market Rents in Spirit Lake, Idaho

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

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 0 100 percent
One BR 23 100 percent
Two BR 14 58 percent
Rental Units Below FMR in Spirit Lake, Idaho

How many affordable rental units are in Spirit Lake?

There are a variety of federal affordable housing programs serving households in Spirit Lake, Idaho including the following:

Federal Program Unit Count
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in Spirit Lake, Idaho

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

Income Based Apartments in Spirit Lake, Idaho

Spirit Lake features 24 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 Spirit Lake, Idaho

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

Housing Choice Vouchers in Spirit Lake, Idaho

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Spirit Lake, Idaho for a two-bedroom apartment is between $1,132 and $1,384.

Sourced from federal housing data and AffordableHousingOnline.com research.