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

Discover affordable housing in Watervliet 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.

Tri - City Village

541 N Main St, Watervliet, Michigan 49098

Waterford Park Apartments

4089 Medical Park Dr, Watervliet, Michigan 49098

Cobblestone Village Apartments

8788 Cobblestone Rd, Watervliet, Michigan 49098

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Watervliet, Michigan
$20.17/hour
$9.84 (+95%) more than Michigan minimum wage and $12.92 (+178%) more than the Federal minimum wage.
Learn More About Watervliet, Michigan Affordable Housing ↓

What HUD offices serve Watervliet, 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 Watervliet, Michigan.

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

How many renters live in Watervliet, Michigan?

The City of Watervliet has 1,883 people living in 665 households.

There are 646 renters living in 214 renter households in this City. Renters make up 34.31 percent of the population living in Watervliet.

What is the rental market like in Watervliet, Michigan?

There are an estimated 714 housing units in the Watervliet area. Of these, 214 units are rental homes, making up 30 percent of the housing market. For every renter household in Watervliet, Michigan, there are 1 rental units.

What is the vacancy rate for rentals in Watervliet?

The rental vacancy rate in Watervliet 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 Watervliet for each bedroom size?

Occupied Rental Units by Size in Watervliet
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 58 55 91 0
Occupied Rental Units by Size in Watervliet

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

Among renter households in this market, 40 percent have housing cost burden. Further, 24 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 Watervliet

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $722 to $1,431. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $722
One BR $811
Two BR $1,065
Three BR $1,364
Four BR $1,431
2024 Fair Market Rents in Watervliet, Michigan

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

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 10 100 percent
One BR 50 86 percent
Two BR 42 76 percent
Rental Units Below FMR in Watervliet, Michigan

How many affordable rental units are in Watervliet?

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

Federal Program Unit Count
Low Income Housing Tax Credit 56
Section 8 Project-Based Rental Assistance 56
Tracked Units by Federal Program in Watervliet, Michigan

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

Income Based Apartments in Watervliet, Michigan

Watervliet features 104 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 Watervliet, Michigan

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Watervliet.

Housing Choice Vouchers in Watervliet, Michigan

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Watervliet, Michigan for a two-bedroom apartment is between $959 and $1,172.

Sourced from federal housing data and AffordableHousingOnline.com research.