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

Discover affordable housing in Sheridan County where there are 8+ 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.

Glenwood Group Home

640 W Laurel Ave, Plentywood, Montana 59254

Montana Pioneer Manor Annex

603 N Sheridan, Plentywood, Montana 59254

Montana Pioneer Manor

605 Sheridan St, Plentywood, Montana 59254

Westby Manor 8-Plex

106 Main Street, Westby, Montana

Westby Manor 4 - Plex

301 Main St, Westby, Montana 59275

Lake Apartments

116 Main St, Medicine Lake, Montana 59247

Alta Vista Apartments

506 W Boundary Ave, Plentywood, Montana 59254

Westby Manor 8 - Plex

106 Main St, Westby, Montana 0

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 Sheridan 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 Sheridan County, Montana Affordable Housing ↓

What HUD offices serve Sheridan 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 Sheridan County, Montana.

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

How many renters live in Sheridan County, Montana?

The County of Sheridan County has 3,700 people living in 1,439 households.

There are 721 renters living in 327 renter households in this County. Renters make up 19.49 percent of the population living in Sheridan County.

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

There are an estimated 2,051 housing units in the Sheridan County area. Of these, 439 units are rental homes, making up 21 percent of the housing market. For every renter household in Sheridan County, Montana, there are 1 rental units.

What is the vacancy rate for rentals in Sheridan County?

The rental vacancy rate in Sheridan County is 22 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 Sheridan County for each bedroom size?

Occupied Rental Units by Size in Sheridan County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
5 62 78 90 40
Occupied Rental Units by Size in Sheridan County

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

Among renter households in this market, 34 percent have housing cost burden. Further, 13 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 Sheridan County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $658 to $1,205. 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 $1,201
Four BR $1,205
2024 Fair Market Rents in Sheridan County, Montana

How many units are rented at Fair Market Rent (FMR) in Sheridan 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 0 100 percent
One BR 50 81 percent
Two BR 51 65 percent
Rental Units Below FMR in Sheridan County, Montana

How many affordable rental units are in Sheridan County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 4
Section 202 Supportive Housing for the Elderly 8
USDA Section 515 Rural Rental Housing 36
Tracked Units by Federal Program in Sheridan County, Montana

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

Income Based Apartments in Sheridan County, Montana

Sheridan County features 46 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 Sheridan County, Montana

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sheridan County.

Housing Choice Vouchers in Sheridan County, Montana

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.