Mohawk Terrace Apartments

35 Wall St
Amsterdam, New York
Call For Rent
1 BR
Rent Assisted

Veddersburg Apartments

251 East Main Street
Amsterdam, New York
Call For Rent
1-2 BR

Midtown Estates

9 East Main Street
St. Johnsville, New York

Colonial Square I

320 Church St
Amsterdam, New York
Rent Assisted

Palatine Village

Mary St
Palatine Bridge, New York
Affordable

New Amsterdam Apartments

60 Division St
Amsterdam, New York

New Amsterdam Apartments

26 Wall St
Amsterdam, New York

20 Mary Street

20 Mary St
Palatine Bridge, New York
Affordable

Greenwood Terrace

1 Greenwood Ter
Mohawk, New York
Rent Assisted

Lafayette Court

129 Lafayette St
Palatine Bridge, New York
Rent Assisted
62+
Accessible
Elderly Supportive Housing

There are 273 low-income apartments in Montgomery County that offer reduced rents to eligible households.

Rental assistance programs support 625 low-income homes in Montgomery County where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $333 towards rent each month.

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Affordable rent data for some communities last confirmed on December 27th, 2022. Subdsidized rents typically change once a year based on federal guidance.

Affordable Housing In Montgomery County

View affordable apartments and waiting lists in cities near Montgomery County

City Apartments
Amsterdam, NY Affordable Housing programs support 9 apartment communities in Amsterdam.
Palatine Bridge, NY Affordable Housing programs support 4 apartment communities in Palatine Bridge.
Canajoharie, NY Affordable Housing programs support 1 apartment communities in Canajoharie.
Florida, NY Affordable Housing programs support 1 apartment communities in Florida.
Fonda, NY Affordable Housing programs support 1 apartment communities in Fonda.

Montgomery County, New York Affordable Housing Data

Income Based Apartments in Montgomery County, New York

Montgomery County features 625 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 Montgomery County, New York

There are 273 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montgomery County.

Housing Choice Vouchers in Montgomery County, New York

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Montgomery County, New York for a two-bedroom apartment is between $800 and $978.

2023 Montgomery County, New York 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
Montgomery County, New York Fair Market Rent $747 $751 $889 $1,115 $1,219
Montgomery County, New York Payment Standard Range $672 to $822 $676 to $826 $800 to $978 $1,004 to $1,227 $1,097 to $1,341

Sourced from federal housing data and AffordableHousingOnline.com research.

Montgomery County, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 19
Total Low Income Apartments 898
Total Housing Units with Rental Assistance 625
Percentage of Housing Units Occupied By Renters 32.91%
Average Renter Household Size 2.37
Average Household Size 2.50
Median Household Income $43,764 ±$1,943
Median Rent $702 ±$16
Percentage Of Renters Overburdened 46.91% ± 3.53pp
Total Population 49,779

Population and Household Demographics

Montgomery County is a county in New York with a population of 49,779. There are 19,539 households in the county with an average household size of 2.50 persons. 32.91% of households in Montgomery County are renters.

Income and Rent Overburden in Montgomery County

The median gross income for households in Montgomery County is $43,764 a year, or $3,647 a month. The median rent for the county is $702 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Montgomery County, a household making less than $2,340 a month would be considered overburdened when renting an apartment at or above the median rent. 46.91% of households who rent are overburdened in Montgomery County.

Area Median Income In Montgomery 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 Montgomery County, HUD calculates the Area Median Income for a family of four as $67,400

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 Montgomery 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 Montgomery County

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Montgomery County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,100 $18,400 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Montgomery County AMI may qualify for rental assistance programs that target Very Low Income households.
$26,850 $30,700 $34,550 $38,350 $41,450 $44,500 $47,600 $50,650
80% AMI Income Limits
Renters earning up to 80% of the Montgomery County AMI may qualify for rental assistance programs that target Low Income households.
$42,950 $49,100 $55,250 $61,350 $66,300 $71,200 $76,100 $81,000