What HUD offices serve Red Lodge, 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.
Go to the Montana Public Housing and Low-Income Apartments Waiting Lists page for openings near Red Lodge.
How many renters live in Red Lodge, Montana?
The City of Red Lodge has 2,321 people living in 1,282 households.
There are 843 renters living in 516 renter households in this City. Renters make up 36.32 percent of the population living in Red Lodge.
What is the rental market like in Red Lodge, Montana?
There are an estimated 1,803 housing units in the Red Lodge area. Of these, 604 units are rental homes, making up 33 percent of the housing market. For every renter household in Red Lodge, Montana, there are 1 rental units.
What is the vacancy rate for rentals in Red Lodge?
The rental vacancy rate in Red Lodge is 15 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Red Lodge for each bedroom size?
Occupied Rental Units by Size in Red Lodge
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 39 | 221 | 106 | 127 | 23 |
Occupied Rental Units by Size in Red Lodge
A large number of apartments in Red Lodge 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 Red Lodge are overburdened by housing costs?
Among renter households in this market, 54 percent have housing cost burden. Further, 29 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 Red Lodge
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $837 to $1,778. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $837 |
| One BR | $874 |
| Two BR | $1,148 |
| Three BR | $1,583 |
| Four BR | $1,778 |
2024 Fair Market Rents in Red Lodge, Montana
How many units are rented at Fair Market Rent (FMR) in Red Lodge?
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 | 14 | 36 percent |
| One BR | 184 | 83 percent |
| Two BR | 55 | 52 percent |
Rental Units Below FMR in Red Lodge, Montana
How many affordable rental units are in Red Lodge?
There are a variety of federal affordable housing programs serving households in Red Lodge, Montana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 32 |
| Section 8 Project-Based Rental Assistance | 14 |
| USDA Section 515 Rural Rental Housing | 48 |
Tracked Units by Federal Program in Red Lodge, Montana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Red Lodge, Montana
Red Lodge features 48 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 Red Lodge, Montana
There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Red Lodge.
Housing Choice Vouchers in Red Lodge, Montana
On average, Section 8 Housing Choice vouchers pay Red Lodge landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Red Lodge.
The maximum amount a voucher would pay on behalf of a low-income tenant in Red Lodge, Montana for a two-bedroom apartment is between $1,033 and $1,263.
Sourced from federal housing data and AffordableHousingOnline.com research.
