Low Income Apartments and Affordable Housing For Rent in Waldron, MI

Discover affordable housing in Waldron 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.

Waldron Manor

310 S Main St, Waldron, Michigan 49288

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Waldron, Michigan
$18.03/hour
$7.70 (+75%) more than Michigan minimum wage and $10.78 (+149%) more than the Federal minimum wage.
Learn More About Waldron, Michigan Affordable Housing ↓

What HUD offices serve Waldron, 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 Waldron, Michigan.

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

How many renters live in Waldron, Michigan?

The City of Waldron has 605 people living in 241 households.

There are 141 renters living in 64 renter households in this City. Renters make up 23.31 percent of the population living in Waldron.

What is the rental market like in Waldron, Michigan?

There are an estimated 269 housing units in the Waldron area. Of these, 64 units are rental homes, making up 24 percent of the housing market. For every renter household in Waldron, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Waldron?

The rental vacancy rate in Waldron is 0 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 Waldron for each bedroom size?

Occupied Rental Units by Size in Waldron
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2 27 19 13 3
Occupied Rental Units by Size in Waldron

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

Among renter households in this market, 33 percent have housing cost burden. Further, 16 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 Waldron

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $720 to $1,306. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $720
One BR $725
Two BR $952
Three BR $1,199
Four BR $1,306
2024 Fair Market Rents in Waldron, Michigan

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

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 2 100 percent
One BR 6 22 percent
Two BR 14 74 percent
Rental Units Below FMR in Waldron, Michigan

How many affordable rental units are in Waldron?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
Section 8 Project-Based Rental Assistance 1
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Waldron, Michigan

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

Income Based Apartments in Waldron, Michigan

Waldron features 24 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 Waldron, Michigan

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

Housing Choice Vouchers in Waldron, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Waldron, Michigan for a two-bedroom apartment is between $857 and $1,047.

Sourced from federal housing data and AffordableHousingOnline.com research.