Low Income Apartments and Affordable Housing For Rent in Chatham, MI

Discover affordable housing in Chatham 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.

Chatham Manor Apartments

202 Gladstone St, Chatham, Michigan 49816

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Chatham, Michigan
$18.77/hour
$8.44 (+82%) more than Michigan minimum wage and $11.52 (+159%) more than the Federal minimum wage.
Learn More About Chatham, Michigan Affordable Housing ↓

What HUD offices serve Chatham, Michigan?

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.

Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV) programs for Chatham, Michigan.

Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Chatham.

How many renters live in Chatham, Michigan?

The City of Chatham has 116 people living in 61 households.

There are 18 renters living in 16 renter households in this City. Renters make up 15.52 percent of the population living in Chatham.

What is the rental market like in Chatham, Michigan?

There are an estimated 93 housing units in the Chatham area. Of these, 16 units are rental homes, making up 17 percent of the housing market. For every renter household in Chatham, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Chatham?

The rental vacancy rate in Chatham 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 Chatham for each bedroom size?

Occupied Rental Units by Size in Chatham
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4 7 4 1 0
Occupied Rental Units by Size in Chatham

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

Among renter households in this market, 56 percent have housing cost burden. Further, 44 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 Chatham

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $693 to $1,405. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $693
One BR $768
Two BR $991
Three BR $1,198
Four BR $1,405
2024 Fair Market Rents in Chatham, Michigan

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

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 3 75 percent
One BR 7 100 percent
Two BR 2 50 percent
Rental Units Below FMR in Chatham, Michigan

How many affordable rental units are in Chatham?

Income Based Apartments in Chatham, Michigan

Chatham features 12 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 Chatham, Michigan

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

Housing Choice Vouchers in Chatham, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Chatham, Michigan for a two-bedroom apartment is between $892 and $1,090.

Sourced from federal housing data and AffordableHousingOnline.com research.