Low Income Apartments and Affordable Housing For Rent in Grand Traverse County, MI

Discover affordable housing in Grand Traverse County where there are 21+ 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.

Boardman Lake Apartments

2790 Boardman Lake Dr, Traverse City, Michigan 49684

Oak Terrace Apartments

1240 Oak Terrace Dr, Traverse City, Michigan 49686

Oak Park Apartments

1650 Maylane, Traverse City, Michigan 49686

Fife Lake Apartments - Kingsley Arms Apartments

203 Madison Ave, Kingsley, Michigan 49649

Churchside Village

6105 Center Rd, Traverse City, Michigan 49686

Woodmere Ridge Apartments

927 Woodmere Ave, Traverse City, Michigan 49686

Village Glen Apartments

2937 Glen Dr, Traverse City, Michigan 49686

Bay Hill II

600 Bay Hill Dr, Traverse City, Michigan 49684

Aspen Hills

1291 Oak Terrace Dr, Traverse City, Michigan 49686

Village at Bay Ridge

3850 Scenic Ridge, Traverse City, Michigan 49684

Tradewinds Terrace

851 Fitzhugh Dr, Traverse City, Michigan 49684

Riverview Terrace

150 Pine St, Traverse City, Michigan 49684

Grand Traverse Community Living Apartments

920 Grant St, Traverse City, Michigan 49686

Grand Traverse Area Clc

935 Barlow St, Traverse City, Michigan 49686

Fife Lake and Kingsley Arms Apartments

10800 Vans Ln, Fife Lake, Michigan 49633

Keystone Village Apartments

2943 Keystone Rd N, Traverse City, Michigan 49686

Chateau Operations Ltd C/O Corp Ofc

15816 Center Rd, Traverse City, Michigan

Hillview Terrace

601 Fetzhugh Drive, Traverse City, Michigan

Chateau Heights C/O Kmg Prestige

1835 Apartments Dr., Traverse City, Michigan

Homestretch 4013 N Three Mile Rd

4013 3 Mile Rd N, Traverse City, Michigan 49686

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Grand Traverse County, Michigan
$23.33/hour
$13.00 (+126%) more than Michigan minimum wage and $16.08 (+222%) more than the Federal minimum wage.
Learn More About Grand Traverse County, Michigan Affordable Housing ↓

What HUD offices serve Grand Traverse County, 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 Grand Traverse County, Michigan.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Grand Traverse County, Michigan.

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

How many renters live in Grand Traverse County, Michigan?

The County of Grand Traverse County has 96,464 people living in 39,581 households.

There are 20,395 renters living in 9,179 renter households in this County. Renters make up 21.14 percent of the population living in Grand Traverse County.

What is the rental market like in Grand Traverse County, Michigan?

There are an estimated 45,840 housing units in the Grand Traverse County area. Of these, 10,253 units are rental homes, making up 22 percent of the housing market. For every renter household in Grand Traverse County, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Grand Traverse County?

The rental vacancy rate in Grand Traverse County is 9 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 Grand Traverse County for each bedroom size?

Occupied Rental Units by Size in Grand Traverse County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
167 2,541 3,740 2,229 460
Occupied Rental Units by Size in Grand Traverse County

A large number of apartments in Grand Traverse County 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 Grand Traverse County are overburdened by housing costs?

Among renter households in this market, 41 percent have housing cost burden. Further, 21 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 Grand Traverse County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,044 to $1,641. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,044
One BR $1,061
Two BR $1,232
Three BR $1,490
Four BR $1,641
2024 Fair Market Rents in Grand Traverse County, Michigan

How many units are rented at Fair Market Rent (FMR) in Grand Traverse County?

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 96 57 percent
One BR 1,404 55 percent
Two BR 1,971 53 percent
Rental Units Below FMR in Grand Traverse County, Michigan

How many affordable rental units are in Grand Traverse County?

There are a variety of federal affordable housing programs serving households in Grand Traverse County, Michigan including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 771
Section 8 Project-Based Rental Assistance 178
USDA Section 515 Rural Rental Housing 373
USDA Section 514 Farm Labor Housing 1
Tracked Units by Federal Program in Grand Traverse County, Michigan

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

Income Based Apartments in Grand Traverse County, Michigan

Grand Traverse County features 787 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 Grand Traverse County, Michigan

There are 534 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grand Traverse County.

Housing Choice Vouchers in Grand Traverse County, Michigan

On average, Section 8 Housing Choice vouchers pay Grand Traverse County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Grand Traverse County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Grand Traverse County, Michigan for a two-bedroom apartment is between $1,109 and $1,355.

Sourced from federal housing data and AffordableHousingOnline.com research.