Low Income Apartments and Affordable Housing For Rent in Reed City, MI

Discover affordable housing in Reed City where there are 6+ 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.

James Manor Senior Apartments

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

Stoney Creek Apartments

815 S Roth Street, Reed City, Michigan 49677

Franklin Pointe South/ Reed City Apatments

331 W Church Ave, Reed City, Michigan 49677

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

Open Until Further Notice

Reported On February 23rd, 2024 by Robin Lovelace

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

What HUD offices serve Reed City, 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 Reed City, Michigan.

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

How many renters live in Reed City, Michigan?

The City of Reed City has 2,481 people living in 999 households.

There are 786 renters living in 366 renter households in this City. Renters make up 31.68 percent of the population living in Reed City.

What is the rental market like in Reed City, Michigan?

There are an estimated 1,184 housing units in the Reed City area. Of these, 390 units are rental homes, making up 33 percent of the housing market. For every renter household in Reed City, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Reed City?

The rental vacancy rate in Reed City is 6 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 Reed City for each bedroom size?

Occupied Rental Units by Size in Reed City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
22 146 127 32 31
Occupied Rental Units by Size in Reed City

A large number of apartments in Reed City 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 Reed City are overburdened by housing costs?

Among renter households in this market, 22 percent have housing cost burden. Further, 7 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 Reed City

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 Reed City, Michigan

How many units are rented at Fair Market Rent (FMR) in Reed City?

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 22 100 percent
One BR 127 87 percent
Two BR 93 73 percent
Rental Units Below FMR in Reed City, Michigan

How many affordable rental units are in Reed City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 109
Public Housing 101
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Reed City, Michigan

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

Income Based Apartments in Reed City, Michigan

Reed City features 237 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 Reed City, Michigan

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

Housing Choice Vouchers in Reed City, Michigan

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.