Low Income Apartments and Affordable Housing For Rent in St Ignace, MI

Discover affordable housing in St Ignace where there are 1+ 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.

St. Ignace Apartments

248 S Airport Rd, St Ignace, Michigan 49781

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

What HUD offices serve St Ignace, 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 St Ignace, Michigan.
Operates the Public Housing programs for St Ignace, Michigan.

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

How many renters live in St Ignace, Michigan?

The City of St Ignace has 2,233 people living in 1,076 households.

There are 603 renters living in 401 renter households in this City. Renters make up 27 percent of the population living in St Ignace.

What is the rental market like in St Ignace, Michigan?

There are an estimated 1,266 housing units in the St Ignace area. Of these, 426 units are rental homes, making up 34 percent of the housing market. For every renter household in St Ignace, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in St Ignace?

The rental vacancy rate in St Ignace 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 St Ignace for each bedroom size?

Occupied Rental Units by Size in St Ignace
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
16 119 134 122 4
Occupied Rental Units by Size in St Ignace

A large number of apartments in St Ignace 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 St Ignace are overburdened by housing costs?

Among renter households in this market, 45 percent have housing cost burden. Further, 22 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 St Ignace

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $725 to $1,356. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $725
One BR $729
Two BR $905
Three BR $1,094
Four BR $1,356
2024 Fair Market Rents in St Ignace, Michigan

How many units are rented at Fair Market Rent (FMR) in St Ignace?

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 16 100 percent
One BR 110 92 percent
Two BR 86 64 percent
Rental Units Below FMR in St Ignace, Michigan

How many affordable rental units are in St Ignace?

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

Federal Program Unit Count
Low Income Housing Tax Credit 88
USDA Section 515 Rural Rental Housing 56
Tracked Units by Federal Program in St Ignace, Michigan

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

Income Based Apartments in St Ignace, Michigan

St Ignace features 32 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 St Ignace, Michigan

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in St Ignace.

Housing Choice Vouchers in St Ignace, Michigan

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.