Low Income Apartments and Affordable Housing For Rent in Anaconda, MT

Discover affordable housing in Anaconda 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.

Hearthstone

400 Oak St, Anaconda, Montana 59711

Georgetown Commons

215 E Pennsylvania Ave, Anaconda, Montana 59711

Mount Haggin Homes

201 W Commercial Ave, Anaconda, Montana 59711

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Anaconda, Montana
$17.14/hour
$13.14 (+329%) more than Montana minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Anaconda, Montana Affordable Housing ↓

What HUD offices serve Anaconda, Montana?

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 Public Housing programs for Anaconda, Montana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Anaconda, Montana.

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

How many renters live in Anaconda, Montana?

The City of Anaconda has 9,435 people living in 4,336 households.

There are 2,485 renters living in 1,478 renter households in this City. Renters make up 26.34 percent of the population living in Anaconda.

What is the rental market like in Anaconda, Montana?

There are an estimated 5,485 housing units in the Anaconda area. Of these, 1,582 units are rental homes, making up 29 percent of the housing market. For every renter household in Anaconda, Montana, there are 1 rental units.

What is the vacancy rate for rentals in Anaconda?

The rental vacancy rate in Anaconda is 5 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 Anaconda for each bedroom size?

Occupied Rental Units by Size in Anaconda
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
29 585 496 250 109
Occupied Rental Units by Size in Anaconda

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

Among renter households in this market, 49 percent have housing cost burden. Further, 34 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 Anaconda

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $658 to $1,472. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $658
One BR $806
Two BR $905
Three BR $1,275
Four BR $1,472
2024 Fair Market Rents in Anaconda, Montana

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

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 18 62 percent
One BR 513 88 percent
Two BR 360 73 percent
Rental Units Below FMR in Anaconda, Montana

How many affordable rental units are in Anaconda?

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

Federal Program Unit Count
Low Income Housing Tax Credit 30
Public Housing 169
Section 8 Project-Based Rental Assistance 62
Section 236 Rental Assistance 12
Tracked Units by Federal Program in Anaconda, Montana

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

Income Based Apartments in Anaconda, Montana

Anaconda features 270 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 Anaconda, Montana

There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Anaconda.

Housing Choice Vouchers in Anaconda, Montana

On average, Section 8 Housing Choice vouchers pay Anaconda landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Anaconda.

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

Sourced from federal housing data and AffordableHousingOnline.com research.