Cheap Apartments In Lansing
Eaton County,
Michigan
Waiting List Openings In Lansing
Low Income Apartments In Lansing
Delta River Senior Village
There are 54 low income housing apartment complexes which contain 4,774 affordable apartments for rent in Lansing, Michigan. Many of these rental apartments are income based housing with about 2,809 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 1,833 Project-Based Section 8 subsidized apartments in Lansing. There are 2,314 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.
Housing Authorities that serve Lansing
| Housing Authority | Programs |
|---|---|
| Lansing Housing Commission | Section 8 Housing Choice Voucher; Public Housing |
| Housing Services for Eaton County | Section 8 Housing Choice Voucher |
| Michigan State Housing Development Authority | Section 8 Housing Choice Voucher; Homeownership Voucher; Family Self-sufficiency |
Understanding Affordable Housing in Lansing, Michigan
- Population And Household Demographics
- Income and Rent Overburden
- Fair Market Rents
- Area Median Income
- Low Income Housing Tax Credit
- Rental Assistance
Lansing, MI Affordable Housing Snapshot
| Total Affordable Apartment Properties | 54 |
|---|---|
| Total Low Income Apartments | 4,774 |
| Total Rent Assisted Apartments | 2,809 |
| Percentage of Housing Units Occupied By Renters | 49.21% |
| Average Renter Household Size | 2.37 |
| Total Population | 114,485 |
| Housing Units | 48,414 |
| Average Household Size | 2.35 |
| Median Household Income | $35,563 ±$1,091 |
| Median Rent | $734 ±$12 |
| Percentage Of Renters Overburdened | 53.61% ± 2.82pp |
Population and Household Demographics
Lansing is a City in Eaton County, Michigan with a population of 114,485. There are 48,414 households in the city with an average household size of 2.35 persons. 49.21% of households in Lansing are renters.
Income and Rent Overburden in Lansing
The median gross income for households in Lansing is $35,563 a year, or $2,964 a month. The median rent for the city is $734 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lansing, a household making less than $2,447 a month would be considered overburdened when renting an apartment at or above the median rent. 53.61% of households who rent are overburdened in Lansing.1
Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 2.82 percentage points.
Area Median Income In Lansing
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Lansing, the AMI is calculated from all households within Eaton County.
In Lansing, HUD calculates the Area Median Income for a family of four as $73,900
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Lansing
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for Lansing HUD Rental Assistance in Lansing
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $15,550 | $17,750 | $20,780 | $25,100 | $29,420 | $33,740 | $38,060 | $42,380 |
| 50% of Median | $25,900 | $29,600 | $33,300 | $36,950 | $39,950 | $42,900 | $45,850 | $48,800 |
| 80% of Median | $41,400 | $47,300 | $53,200 | $59,100 | $63,850 | $68,600 | $73,300 | $78,050 |
You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.
Low Income Housing Tax Credits in Lansing
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1987 to 2011, 32 low income apartment communities containing 1,784 rental apartments have been constructed and made affordable to low income persons in Lansing by the Low Income Housing Tax Credit Program.
You can identify apartment communities that participate in the program in Lansing by looking for the tag in the apartment list above. View Apartments.
If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.
Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.
Income Qualifications for Low Income Housing Tax Credit Apartments in Lansing
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 50% of Median | $25,900 | $29,600 | $33,300 | $36,950 | $39,950 | $42,900 | $45,850 | $48,800 |
| HERA 50% | $26,800 | $30,600 | $34,450 | $38,250 | $41,350 | $44,400 | $47,450 | $50,500 |
| 60% of Median | $31,080 | $35,520 | $39,960 | $44,340 | $47,940 | $51,480 | $55,020 | $58,560 |
| HERA 60% | $32,160 | $36,720 | $41,340 | $45,900 | $49,620 | $53,280 | $56,940 | $60,600 |
For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Lansing is $39,960 a year, or $3,330 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,330 by 30% to get a maximum rent of $999 a month.
Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.
| % of AMI | Studio | 1 Bed | 2 Bed | 3 Bed | 4 Bed | 5 Bed |
|---|---|---|---|---|---|---|
| 50% | $648 | $694 | $833 | $961 | $1,073 | $1,183 |
| 60% | $777 | $833 | $999 | $1,154 | $1,287 | $1,420 |
Fair Market Rents in Lansing
Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.
2019 Fair Market Rents
| Studio | One BR | Two BR | Three BR | Four BR |
|---|---|---|---|---|
| $660 | $730 | $908 | $1,201 | $1,345 |
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