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

Discover affordable housing in Iron County 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.

Hiawatha Apartments

650 Selden Rd, Iron River, Michigan 49935

Sunset Manor

208 Jefferson Ave, Iron River, Michigan 49935

City View Apartments

236 N 3rd Ave, Iron River, Michigan 49935

Spring Valley Apartments

100 Spring Valley Ave, Iron River, Michigan 49935

Hillside Apartments CO Gr. Mi Services

1601 Lincoln Ave, Stambaugh, Michigan 49964

Pleasant Valley Apartments

210 N 3rd St, Crystal Falls, Michigan 49920

Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley, Ayat Elkarib

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

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

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

How many renters live in Iron County, Michigan?

The County of Iron County has 11,585 people living in 5,190 households.

There are 1,792 renters living in 824 renter households in this County. Renters make up 15.47 percent of the population living in Iron County.

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

There are an estimated 8,981 housing units in the Iron County area. Of these, 912 units are rental homes, making up 10 percent of the housing market. For every renter household in Iron County, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Iron County?

The rental vacancy rate in Iron County is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Iron County for each bedroom size?

Occupied Rental Units by Size in Iron County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
29 272 264 231 14
Occupied Rental Units by Size in Iron County

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

Among renter households in this market, 27 percent have housing cost burden. Further, 13 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 Iron County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,283. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $689
Two BR $905
Three BR $1,195
Four BR $1,283
2024 Fair Market Rents in Iron County, Michigan

How many units are rented at Fair Market Rent (FMR) in Iron 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 14 48 percent
One BR 214 79 percent
Two BR 131 50 percent
Rental Units Below FMR in Iron County, Michigan

How many affordable rental units are in Iron County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 32
Public Housing 69
Section 8 Project-Based Rental Assistance 83
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Iron County, Michigan

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

Income Based Apartments in Iron County, Michigan

Iron County features 271 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 Iron County, Michigan

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

Housing Choice Vouchers in Iron County, Michigan

On average, Section 8 Housing Choice vouchers pay Iron County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Iron County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.