Low Income Apartments and Affordable Housing For Rent in Lincoln County, MT

Discover affordable housing in Lincoln County where there are 7+ 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.

Libby Plaza I Apartments

905 Commerce Way, Libby, Montana 59923

Libby Plaza II Apartments

711 Commerce Way #32, Libby, Montana 59923

Treasure Manor

610 Treasure Ave, Libby, Montana 59923

Golden Lions Manor

707 E Grant Ave, Troy, Montana 59935

Green Meadow Manor

403 Idaho Ave, Libby, Montana 59923

Eureka II

100 First Avenue, Eureka, Montana

Eureka I

100 1st Avenue, Eureka, Montana

calendar_today Opened: Apr 6
Open Until Further Notice

Reported On February 23rd, 2024 by Madison Shannahan

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

What HUD offices serve Lincoln County, 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 Lincoln County, Montana.

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

How many renters live in Lincoln County, Montana?

The County of Lincoln County has 20,157 people living in 8,882 households.

There are 4,876 renters living in 2,151 renter households in this County. Renters make up 24.19 percent of the population living in Lincoln County.

What is the rental market like in Lincoln County, Montana?

There are an estimated 10,993 housing units in the Lincoln County area. Of these, 2,216 units are rental homes, making up 20 percent of the housing market. For every renter household in Lincoln County, Montana, there are 1 rental units.

What is the vacancy rate for rentals in Lincoln County?

The rental vacancy rate in Lincoln County is 3 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 Lincoln County for each bedroom size?

Occupied Rental Units by Size in Lincoln County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
94 477 852 515 185
Occupied Rental Units by Size in Lincoln County

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

Among renter households in this market, 35 percent have housing cost burden. Further, 15 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 Lincoln County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $658 to $1,441. 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 $1,441
2024 Fair Market Rents in Lincoln County, Montana

How many units are rented at Fair Market Rent (FMR) in Lincoln 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 65 69 percent
One BR 246 52 percent
Two BR 635 75 percent
Rental Units Below FMR in Lincoln County, Montana

How many affordable rental units are in Lincoln County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 33
Section 8 Project-Based Rental Assistance 81
USDA Section 515 Rural Rental Housing 56
Tracked Units by Federal Program in Lincoln County, Montana

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

Income Based Apartments in Lincoln County, Montana

Lincoln County features 142 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 Lincoln County, Montana

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lincoln County.

Housing Choice Vouchers in Lincoln County, Montana

On average, Section 8 Housing Choice vouchers pay Lincoln County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Lincoln County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.