Low Income Apartments and Affordable Housing For Rent in Grand Isle County, VT

Discover affordable housing in Grand Isle County where there are 4+ 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.

Pine Manor

6 Lake St, Alburg, Vermont 05440

Alburg Family Housing

Main St, Alburg, Vermont 05440

Round Barn Apartments

29 Faywood Rd, Grand Isle, Vermont 05458

Island Housing

25 Hyde Rd, Grand Isle, Vermont 05458

calendar_today Opens: Apr 1

Reported On March 19th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Grand Isle County, Vermont
$35.74/hour
$22.07 (+161%) more than Vermont minimum wage and $28.49 (+393%) more than the Federal minimum wage.
Learn More About Grand Isle County, Vermont Affordable Housing ↓

What HUD offices serve Grand Isle County, Vermont?

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 Grand Isle County, Vermont.

Go to the Vermont Public Housing and Low-Income Apartments Waiting Lists page for openings near Grand Isle County.

How many renters live in Grand Isle County, Vermont?

The County of Grand Isle County has 7,335 people living in 3,027 households.

There are 656 renters living in 308 renter households in this County. Renters make up 8.94 percent of the population living in Grand Isle County.

What is the rental market like in Grand Isle County, Vermont?

There are an estimated 5,264 housing units in the Grand Isle County area. Of these, 315 units are rental homes, making up 6 percent of the housing market. For every renter household in Grand Isle County, Vermont, there are 1 rental units.

What is the vacancy rate for rentals in Grand Isle County?

The rental vacancy rate in Grand Isle County is 2 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 Grand Isle County for each bedroom size?

Occupied Rental Units by Size in Grand Isle County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 109 92 91 6
Occupied Rental Units by Size in Grand Isle County

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

Among renter households in this market, 51 percent have housing cost burden. Further, 34 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 Grand Isle County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,341 to $2,513. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,341
One BR $1,441
Two BR $1,887
Three BR $2,390
Four BR $2,513
2024 Fair Market Rents in Grand Isle County, Vermont

How many units are rented at Fair Market Rent (FMR) in Grand Isle 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 8 80 percent
One BR 98 90 percent
Two BR 40 43 percent
Rental Units Below FMR in Grand Isle County, Vermont

How many affordable rental units are in Grand Isle County?

There are a variety of federal affordable housing programs serving households in Grand Isle County, Vermont including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 69
Section 8 Project-Based Rental Assistance 53
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Grand Isle County, Vermont

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

Income Based Apartments in Grand Isle County, Vermont

Grand Isle County features 53 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 Grand Isle County, Vermont

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

Housing Choice Vouchers in Grand Isle County, Vermont

On average, Section 8 Housing Choice vouchers pay Grand Isle County landlords $700 per month towards rent. The average voucher holder contributes $500 towards rent in Grand Isle County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Grand Isle County, Vermont for a two-bedroom apartment is between $1,698 and $2,076.

Sourced from federal housing data and AffordableHousingOnline.com research.