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Affordable Housing In Silver Bow County
Montana

14 Low Income Apartment Communities In Silver Bow County

Meadowlands Apartments

4034 Elizabeth Warren Ave
Butte, Montana
Call For Rent
1-2 BR

Copper Ridge 4

119 Elderberry Lane
Butte, Montana
Call For Rent
2-3 BR

Aspen Place Apartments

4500 Continental Dr
Butte, Montana
Call For Rent
2-3 BR

Copper Ridge

3251 Nettie St
Butte, Montana

Silver Bow Village

910 Evans
Butte, Montana
Subsidized

Columbus Plaza

1515 Oregon Ave
Butte, Montana
Subsidized

John R Riley Apartments

701 Hobson Ave
Butte, Montana
Subsidized
62+
Accessible
Elderly Supportive Housing

Butte Mountain View

202 Ohio St
Butte, Montana

Rosalie Manor

50 W Broadway St
Butte, Montana

Housing Authorities that serve Silver Bow County

Housing Authority Programs
Montana Department of Commerce Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Silver Bow County, Montana

There are 14 low income housing apartment communities offering 819 affordable apartments for rent in Silver Bow County, Montana.

Income Based Apartments in Silver Bow County, Montana

Silver Bow County features 498 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 Silver Bow County, Montana

There are 321 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Silver Bow County.

Housing Choice Vouchers in Silver Bow County, Montana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Silver Bow County, Montana for a two-bedroom apartment is between $774 and $946.

2021 Silver Bow County, Montana Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $625 $696 $860 $1,070 $1,189
Payment Standard Range $563 to $688 $626 to $766 $774 to $946 $963 to $1,177 $1,070 to $1,308

Sourced from federal housing data and AffordableHousingOnline.com research.

Silver Bow County, MT Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 819
Total Housing Units with Rental Assistance 498
Percentage of Housing Units Occupied By Renters 35.36%
Average Renter Household Size 2.00
Average Household Size 2.22
Median Household Income $37,749 ±$2,340
Median Rent $601 ±$34
Percentage Of Renters Overburdened 48.87% ± 5.2pp
Total Population 34,549

Population and Household Demographics

Silver Bow County is a county in Montana with a population of 34,549. There are 15,144 households in the county with an average household size of 2.22 persons. 35.36% of households in Silver Bow County are renters.

Income and Rent Overburden in Silver Bow County

The median gross income for households in Silver Bow County is $37,749 a year, or $3,146 a month. The median rent for the county is $601 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Silver Bow County, a household making less than $2,003 a month would be considered overburdened when renting an apartment at or above the median rent. 48.87% of households who rent are overburdened in Silver Bow County.

Area Median Income In Silver Bow County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Silver Bow County, HUD calculates the Area Median Income for a family of four as $61,700

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Silver Bow County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Silver Bow County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,000 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,000 $28,600 $32,150 $35,700 $38,600 $41,450 $44,300 $47,150
80% of Median $40,000 $45,700 $51,400 $57,100 $61,700 $66,250 $70,850 $75,400

Cities In Silver Bow County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Butte The HUD funded Public Housing Agencies that serve Butte are the Housing Authority of Butte and Montana Department of Commerce.
Butte silver Bow The HUD funded Public Housing Agency that serves Butte silver Bow is the Montana Department of Commerce.
Butte Silver Bow (balance) The HUD funded Public Housing Agency that serves Butte Silver Bow (balance) is the Montana Department of Commerce.
Butte-Silver Bow (balance) The HUD funded Public Housing Agency that serves Butte-Silver Bow (balance) is the Montana Department of Commerce.
Walkerville The HUD funded Public Housing Agency that serves Walkerville is the Montana Department of Commerce.