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

Discover affordable housing in Iosco County where there are 11+ 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 Apartments CO Gardner Mgmt

400 Grant St, East Tawas, Michigan 48730

Aldersgate I & II

1100 Killmaster Drive, Oscoda, Michigan 48750

Huron Beach Apartments

111 Pack Dr, Oscoda, Michigan 48750

Gull Pointe Apartments

4363 Budziak Rd, Oscoda, Michigan 48750

Oscoda Shores Apartments

5035 Cedar Lake Rd, Oscoda, Michigan 48750

Harbor Pointe Apartments

1055 E Lincoln St, East Tawas, Michigan 48730

Old Mill Apartments

86 S 3rd St, Sand Lake, Michigan 49343

Bay Park Towers North

109 Church St, East Tawas, Michigan 48730

Mildred Houting Leisure Acres

35 E Maple St, Sand Lake, Michigan 49343

Whittemore Square

309 E Whittemore Rd, Whittemore, Michigan

Bay Park Towers

304 W Bay St, East Tawas, Michigan 48730

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Iosco County, Michigan
$17.14/hour
$6.81 (+66%) more than Michigan minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Iosco County, Michigan Affordable Housing ↓

What HUD offices serve Iosco 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 Iosco County, Michigan.

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

How many renters live in Iosco County, Michigan?

The County of Iosco County has 25,319 people living in 11,558 households.

There are 4,140 renters living in 2,190 renter households in this County. Renters make up 16.35 percent of the population living in Iosco County.

What is the rental market like in Iosco County, Michigan?

There are an estimated 19,943 housing units in the Iosco County area. Of these, 2,333 units are rental homes, making up 12 percent of the housing market. For every renter household in Iosco County, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Iosco County?

The rental vacancy rate in Iosco County is 5 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 Iosco County for each bedroom size?

Occupied Rental Units by Size in Iosco County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
99 530 681 761 82
Occupied Rental Units by Size in Iosco County

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

Among renter households in this market, 36 percent have housing cost burden. Further, 13 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 Iosco County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $725 to $1,283. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $725
One BR $730
Two BR $905
Three BR $1,156
Four BR $1,283
2024 Fair Market Rents in Iosco County, Michigan

How many units are rented at Fair Market Rent (FMR) in Iosco 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 22 22 percent
One BR 471 89 percent
Two BR 511 75 percent
Rental Units Below FMR in Iosco County, Michigan

How many affordable rental units are in Iosco County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 244
Public Housing 41
Section 8 Project-Based Rental Assistance 92
USDA Section 515 Rural Rental Housing 242
Tracked Units by Federal Program in Iosco County, Michigan

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

Income Based Apartments in Iosco County, Michigan

Iosco County features 426 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 Iosco County, Michigan

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

Housing Choice Vouchers in Iosco County, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Iosco County, Michigan for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.