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

Discover affordable housing in Lake County where there are 26+ 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.

Polson Landing Apartments

402 Ridgewater Drive, Polson, Montana 59860

Sunny Slope Vista Apartments

820 11th St E, Polson, Montana 59860

MAXWELL JUNIOR APARTMENTS

123 CLEVELAND ST SW, Ronan, Montana 59864

Ronan - Maxwell Senior Apartments

411 1st Ave SW, Ronan, Montana 59864

Lakeview Village

201 4th Ave E, Polson, Montana 59860

Lake View Villa

312 11th Ave W, Polson, Montana 59860

Mission Mountain Enterprises, Inc

330 Main St SW, Ronan, Montana 59864

Maxwell - Junior

122 Dayton St SW, Ronan, Montana 59864

Cherry Hill Village

900 Cherry Hill Ct, Polson, Montana 59860

Boettcher Terrace Apartments

809 10th Ave E, Polson, Montana 59860

Felsman Nande

41984 Joe Dog Dr, Pablo, Montana 0

S and K Ltd Prtnshp 5 Felsman East

Joe Dog Dr, Pablo, Montana 59855

Sparrow Lane II

18 Warbler Ln, Pablo, Montana 59855

St Ignatius - Maxwell Senior Apartments

228 N Main St, St Ignatius, Montana 59845

Sparrow Lane - Phase 1

1 Sparrow Ln, Pablo, Montana 0

Turtle Lake Project

63 Blacktail St, Polson, Montana 0

Elmo Elderly Living Center

100 Cemetery Rd, Elmo, Montana 0

Arlee Elderly Living Center

107 Lumpry Rd, Arlee, Montana 59821

Sparrow Lane Homes, Phase II

18 Warbler Ln, Ronan, Montana 59864

Acre Lawn Apartments II

311 11th Ave NW, Ronan, Montana 59864

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 Lake County, Montana
$17.69/hour
$13.69 (+342%) more than Montana minimum wage and $10.44 (+144%) more than the Federal minimum wage.
Learn More About Lake County, Montana Affordable Housing ↓

What HUD offices serve Lake 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 Lake County, Montana.

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

How many renters live in Lake County, Montana?

The County of Lake County has 31,509 people living in 12,050 households.

There are 8,743 renters living in 3,381 renter households in this County. Renters make up 27.75 percent of the population living in Lake County.

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

There are an estimated 16,436 housing units in the Lake County area. Of these, 3,673 units are rental homes, making up 22 percent of the housing market. For every renter household in Lake County, Montana, there are 1 rental units.

What is the vacancy rate for rentals in Lake County?

The rental vacancy rate in Lake County is 6 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 Lake County for each bedroom size?

Occupied Rental Units by Size in Lake County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
78 572 1,555 866 253
Occupied Rental Units by Size in Lake County

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

Among renter households in this market, 38 percent have housing cost burden. Further, 17 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 Lake County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $633 to $1,244. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $633
One BR $743
Two BR $934
Three BR $1,175
Four BR $1,244
2024 Fair Market Rents in Lake County, Montana

How many units are rented at Fair Market Rent (FMR) in Lake 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 19 24 percent
One BR 333 58 percent
Two BR 912 59 percent
Rental Units Below FMR in Lake County, Montana

How many affordable rental units are in Lake County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 348
Section 8 Project-Based Rental Assistance 62
Mod Rehab Project-Based Rental Assistance 4
USDA Section 515 Rural Rental Housing 168
Tracked Units by Federal Program in Lake County, Montana

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

Income Based Apartments in Lake County, Montana

Lake County features 230 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 Lake County, Montana

There are 230 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake County.

Housing Choice Vouchers in Lake County, Montana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake County, Montana for a two-bedroom apartment is between $841 and $1,027.

Sourced from federal housing data and AffordableHousingOnline.com research.