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

Discover affordable housing in Osceola County where there are 13+ 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.

Springview Manor

765 W Jefferson St, Evart, Michigan 49631

James Manor Senior Apartments

424 W. Franklin St., Reed City, Michigan 49677

Springview Manor II

711 W Jefferson St, Evart, Michigan 49631

Stoney Creek Apartments

815 S Roth Street, Reed City, Michigan 49677

Highland Haven

917 N Duck Lake Rd, Highland, Michigan 48356

Highland Meadowview I

923 N Duck Lake Rd, Highland, Michigan 48356

Village Glen Apartments CO Housing Mgmt

520 W 1st St, Marion, Michigan 49665

Franklin Pointe South/ Reed City Apatments

331 W Church Ave, Reed City, Michigan 49677

Springview Manor II

681 W Jefferson St, Evart, Michigan 49631

Meadowview Village

802 S Mill St, Reed City, Michigan 49677

Crossroads Apartments

848 S Chestnut St, Reed City, Michigan 49677

Mf - Dev 1076 Crossroads

1076 Crossroads, Reed City, Michigan 49677

Centennial Arms

601 W 1st St, Evart, Michigan 49631

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Osceola 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 Osceola County, Michigan Affordable Housing ↓

What HUD offices serve Osceola 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 Osceola County, Michigan.

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

How many renters live in Osceola County, Michigan?

The County of Osceola County has 23,022 people living in 8,877 households.

There are 3,530 renters living in 1,479 renter households in this County. Renters make up 15.33 percent of the population living in Osceola County.

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

There are an estimated 12,619 housing units in the Osceola County area. Of these, 1,553 units are rental homes, making up 12 percent of the housing market. For every renter household in Osceola County, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Osceola County?

The rental vacancy rate in Osceola 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 Osceola County for each bedroom size?

Occupied Rental Units by Size in Osceola County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
48 364 494 412 123
Occupied Rental Units by Size in Osceola County

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

Among renter households in this market, 34 percent have housing cost burden. Further, 17 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 Osceola County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $633 to $1,415. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $633
One BR $689
Two BR $905
Three BR $1,124
Four BR $1,415
2024 Fair Market Rents in Osceola County, Michigan

How many units are rented at Fair Market Rent (FMR) in Osceola 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 29 60 percent
One BR 279 77 percent
Two BR 284 57 percent
Rental Units Below FMR in Osceola County, Michigan

How many affordable rental units are in Osceola County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 253
Public Housing 210
Section 8 Project-Based Rental Assistance 1
USDA Section 515 Rural Rental Housing 192
Tracked Units by Federal Program in Osceola County, Michigan

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

Income Based Apartments in Osceola County, Michigan

Osceola County features 522 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 Osceola County, Michigan

There are 50 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Osceola County.

Housing Choice Vouchers in Osceola County, Michigan

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.