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

Discover affordable housing in Lake County where there are 3+ 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.

Duvernay Park Apartments

1036 E Lynndon St, Idlewild, Michigan 49642

Royal Farms Properties Llc

1890 Byers Road, Ellsworth, Michigan

Royal Farms Properties Llc

11480 Byers Rd, Ellsworth, Michigan

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

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

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

How many renters live in Lake County, Michigan?

The County of Lake County has 12,285 people living in 4,549 households.

There are 1,739 renters living in 717 renter households in this County. Renters make up 14.16 percent of the population living in Lake County.

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

There are an estimated 13,460 housing units in the Lake County area. Of these, 760 units are rental homes, making up 6 percent of the housing market. For every renter household in Lake County, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Lake County?

The rental vacancy rate in Lake County is 3 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 Lake County for each bedroom size?

Occupied Rental Units by Size in Lake County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 206 327 128 49
Occupied Rental Units by Size in Lake County

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

Among renter households in this market, 52 percent have housing cost burden. Further, 24 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 Lake County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $633 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $633
One BR $734
Two BR $905
Three BR $1,275
Four BR $1,536
2024 Fair Market Rents in Lake County, Michigan

How many units are rented at Fair Market Rent (FMR) in Lake 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
One BR 140 68 percent
Two BR 201 61 percent
Rental Units Below FMR in Lake County, Michigan

How many affordable rental units are in Lake County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 123
Public Housing 86
Section 8 Project-Based Rental Assistance 23
USDA Section 515 Rural Rental Housing 55
Tracked Units by Federal Program in Lake County, Michigan

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

Income Based Apartments in Lake County, Michigan

Lake County features 0 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 Lake County, Michigan

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake County.

Housing Choice Vouchers in Lake County, Michigan

On average, Section 8 Housing Choice vouchers pay Lake County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Lake County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.