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

Discover affordable housing in Spring Lake 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.

Lloyds Bayou

17046 Lloyds Bayou Dr, Spring Lake, Michigan 49456

Evergreen Village

217 Dewitt Ln, Spring Lake, Michigan 49456

Mill Point Place

400 Liberty St, Spring Lake, Michigan 49456

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Spring Lake, Michigan
$23.86/hour
$13.53 (+131%) more than Michigan minimum wage and $16.61 (+229%) more than the Federal minimum wage.
Learn More About Spring Lake, Michigan Affordable Housing ↓

What HUD offices serve Spring Lake, 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 Spring Lake, Michigan.

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

How many renters live in Spring Lake, Michigan?

The City of Spring Lake has 2,530 people living in 1,271 households.

There are 278 renters living in 166 renter households in this City. Renters make up 10.99 percent of the population living in Spring Lake.

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

There are an estimated 1,423 housing units in the Spring Lake area. Of these, 170 units are rental homes, making up 12 percent of the housing market. For every renter household in Spring Lake, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Spring Lake?

The rental vacancy rate in Spring Lake is 2 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 Spring Lake for each bedroom size?

Occupied Rental Units by Size in Spring Lake
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
19 90 20 32 5
Occupied Rental Units by Size in Spring Lake

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

Among renter households in this market, 34 percent have housing cost burden. Further, 23 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 Spring Lake

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $931 to $1,775. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $931
One BR $1,115
Two BR $1,260
Three BR $1,665
Four BR $1,775
2024 Fair Market Rents in Spring Lake, Michigan

How many units are rented at Fair Market Rent (FMR) in Spring Lake?

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 19 100 percent
One BR 72 80 percent
Two BR 10 50 percent
Rental Units Below FMR in Spring Lake, Michigan

How many affordable rental units are in Spring Lake?

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

Federal Program Unit Count
Low Income Housing Tax Credit 19
Section 8 Project-Based Rental Assistance 59
Tracked Units by Federal Program in Spring Lake, Michigan

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

Income Based Apartments in Spring Lake, Michigan

Spring Lake features 60 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 Spring Lake, Michigan

There are 34 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Spring Lake.

Housing Choice Vouchers in Spring Lake, Michigan

On average, Section 8 Housing Choice vouchers pay Spring Lake landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Spring Lake.

The maximum amount a voucher would pay on behalf of a low-income tenant in Spring Lake, Michigan for a two-bedroom apartment is between $1,134 and $1,386.

Sourced from federal housing data and AffordableHousingOnline.com research.