Low Income Apartments and Affordable Housing For Rent in Hamilton County, NY

Discover affordable housing in Hamilton County where there are 1+ 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.

Indian Lake Sr Hsg

85 White Birch Lane, Indian Lake, New York

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Hamilton County, New York
$21.59/hour
$6.59 (+44%) more than New York minimum wage and $14.34 (+198%) more than the Federal minimum wage.
Learn More About Hamilton County, New York Affordable Housing ↓

How many renters live in Hamilton County, New York?

The County of Hamilton County has 5,090 people living in 1,725 households.

There are 699 renters living in 260 renter households in this County. Renters make up 13.73 percent of the population living in Hamilton County.

What is the rental market like in Hamilton County, New York?

There are an estimated 7,920 housing units in the Hamilton County area. Of these, 309 units are rental homes, making up 4 percent of the housing market. For every renter household in Hamilton County, New York, there are 1 rental units.

What is the vacancy rate for rentals in Hamilton County?

The rental vacancy rate in Hamilton County is 13 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 Hamilton County for each bedroom size?

Occupied Rental Units by Size in Hamilton County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4 37 84 101 28
Occupied Rental Units by Size in Hamilton County

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

Among renter households in this market, 32 percent have housing cost burden. Further, 20 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 Hamilton County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $862 to $1,594. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $862
One BR $868
Two BR $1,140
Three BR $1,378
Four BR $1,594
2024 Fair Market Rents in Hamilton County, New York

How many units are rented at Fair Market Rent (FMR) in Hamilton 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 4 100 percent
One BR 32 86 percent
Two BR 48 57 percent
Rental Units Below FMR in Hamilton County, New York

How many affordable rental units are in Hamilton County?

There are a variety of federal affordable housing programs serving households in Hamilton County, New York including the following:

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 8
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Hamilton County, New York

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

Income Based Apartments in Hamilton County, New York

Hamilton County features 0 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 Hamilton County, New York

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hamilton County.

Housing Choice Vouchers in Hamilton County, New York

On average, Section 8 Housing Choice vouchers pay Hamilton County landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Hamilton County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hamilton County, New York for a two-bedroom apartment is between $1,026 and $1,254.

Sourced from federal housing data and AffordableHousingOnline.com research.