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

Discover affordable housing in Corvallis where there are 2+ 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.

Emporda Apartments

302 Courtyard Cir, Corvallis, Montana 59828

Meadow Brook Court

221 Willow Creek Rd, Corvallis, Montana 59828

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Corvallis, Montana
$17.58/hour
$13.58 (+339%) more than Montana minimum wage and $10.33 (+142%) more than the Federal minimum wage.
Learn More About Corvallis, Montana Affordable Housing ↓

What HUD offices serve Corvallis, 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 Section 8 Housing Choice Voucher (HCV) programs for Corvallis, Montana.

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

How many renters live in Corvallis, Montana?

The City of Corvallis has 1,396 people living in 574 households.

There are 405 renters living in 212 renter households in this City. Renters make up 29.01 percent of the population living in Corvallis.

What is the rental market like in Corvallis, Montana?

There are an estimated 646 housing units in the Corvallis area. Of these, 212 units are rental homes, making up 33 percent of the housing market. For every renter household in Corvallis, Montana, there are 1 rental units.

What is the vacancy rate for rentals in Corvallis?

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

Occupied Rental Units by Size in Corvallis
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 43 72 97 0
Occupied Rental Units by Size in Corvallis

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

Among renter households in this market, 62 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 Corvallis

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $674 to $1,575. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $674
One BR $718
Two BR $928
Three BR $1,304
Four BR $1,575
2024 Fair Market Rents in Corvallis, Montana

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

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
One BR 20 47 percent
Two BR 51 71 percent
Rental Units Below FMR in Corvallis, Montana

How many affordable rental units are in Corvallis?

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

Federal Program Unit Count
Low Income Housing Tax Credit 35
Section 8 Project-Based Rental Assistance 12
Tracked Units by Federal Program in Corvallis, Montana

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

Income Based Apartments in Corvallis, Montana

Corvallis features 12 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 Corvallis, Montana

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Corvallis.

Housing Choice Vouchers in Corvallis, Montana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Corvallis, Montana for a two-bedroom apartment is between $835 and $1,021.

Sourced from federal housing data and AffordableHousingOnline.com research.