Affordable Housing In Rutland County
Vermont

43 Low Income Apartment Communities In Rutland County

Linden Terrace

191 Grove St
Rutland, VT
Income Based
1-2 BR
62+
Accessible
Subsidized

Adele Stanley Apartments

5 Cold River Rd
Rutland, VT
Income Based
1-2 BR
Subsidized

Wallingford House

10 N Main St
Wallingford, VT
Income Based
1 BR
62+
Subsidized

Bardwell House

142 Merchants Row
Rutland, VT
Subsidized

School House Apartments

88 Main St
Poultney, VT
Subsidized

Conant Square

30 Conant Sq
Brandon, VT
Subsidized

Colonial Apartments

Marble St
West Rutland, VT
Subsidized

Parsons Hill

RR 2 Box 4A
Castleton, VT
Subsidized

Benson Heights

2747 Stage Rd
Benson, VT
Subsidized

Castleton Meadows

148 Castleton Meadows Ln
Castleton, VT
Subsidized

Housing Authorities that serve Rutland County

Housing Authority Programs
Vermont State Housing Authority Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Rutland County

Housing Authority Programs
Rutland Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Rutland County, Vermont

There are 43 low income housing apartment communities offering 1,242 affordable apartments for rent in Rutland County, Vermont. Rutland County features 811 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 431 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Rutland County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Rutland County, VT Affordable Housing Snapshot

Total Affordable Apartment Properties 43
Total Low Income Apartments 1,242
Total Housing Units with Rental Assistance 811
Percentage of Housing Units Occupied By Renters 29.93%
Average Renter Household Size 2.10
Average Household Size 2.29
Median Household Income $49,372 ±$1,961
Median Rent $785 ±$26
Percentage Of Renters Overburdened 47.41% ± 4.07pp
Total Population 60,530

Population and Household Demographics

Rutland County is a County in Vermont with a population of 60,530. There are 25,459 households in the county with an average household size of 2.29 persons. 29.93% of households in Rutland County are renters.

Income and Rent Overburden in Rutland County

The median gross income for households in Rutland County is $49,372 a year, or $4,114 a month. The median rent for the county is $785 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rutland County, a household making less than $2,617 a month would be considered overburdened when renting an apartment at or above the median rent. 47.41% of households who rent are overburdened in Rutland County.1

Area Median Income In Rutland 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 Rutland County, HUD calculates the Area Median Income for a family of four as $68,600

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 Rutland 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 Rutland County HUD Rental Assistance in Rutland County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,500 $17,700 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,800 $29,450 $33,150 $36,800 $39,750 $42,700 $45,650 $48,600
80% of Median $41,250 $47,150 $53,050 $58,900 $63,650 $68,350 $73,050 $77,750
Low Income Housing Tax Credits in Rutland County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1993 to 2011, 21 low income apartment communities containing 424 rental apartments have been constructed and made affordable to low income persons in Rutland County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Rutland County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,800 $29,450 $33,150 $36,800 $39,750 $42,700 $45,650 $48,600
60% of Median $30,960 $35,340 $39,780 $44,160 $47,700 $51,240 $54,780 $58,320

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Rutland County is $39,780 a year, or $3,315 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,315 by 30% to get a maximum rent of $995 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $645 $691 $829 $957 $1,068 $1,178
60% $774 $829 $995 $1,148 $1,281 $1,414
Fair Market Rents in Rutland County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$772 $797 $942 $1,293 $1,342

Cities In Rutland County

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

City Listings Served By
Rutland 19 The HUD funded Public Housing Agencies that serve Rutland are the Rutland Housing Authority and Vermont State Housing Authority.
Poultney 4 The HUD funded Public Housing Agency that serves Poultney is the Vermont State Housing Authority.
Proctor 1 The HUD funded Public Housing Agency that serves Proctor is the Vermont State Housing Authority.
Castleton 3 The HUD funded Public Housing Agency that serves Castleton is the Vermont State Housing Authority.
Brandon 6 The HUD funded Public Housing Agency that serves Brandon is the Vermont State Housing Authority.
Wallingford 1 The HUD funded Public Housing Agency that serves Wallingford is the Vermont State Housing Authority.
West Rutland 4 The HUD funded Public Housing Agency that serves West Rutland is the Vermont State Housing Authority.
Fair Haven 3 The HUD funded Public Housing Agency that serves Fair Haven is the Vermont State Housing Authority.
Benson 1 The HUD funded Public Housing Agency that serves Benson is the Vermont State Housing Authority.
Pittsford 1 The HUD funded Public Housing Agency that serves Pittsford is the Vermont State Housing Authority.
Chittenden 0 The HUD funded Public Housing Agency that serves Chittenden is the Vermont State Housing Authority.
Clarendon 0 The HUD funded Public Housing Agency that serves Clarendon is the Vermont State Housing Authority.
Danby 0 The HUD funded Public Housing Agency that serves Danby is the Vermont State Housing Authority.
Hubbardton 0 The HUD funded Public Housing Agency that serves Hubbardton is the Vermont State Housing Authority.
Ira 0 The HUD funded Public Housing Agency that serves Ira is the Vermont State Housing Authority.
Killington 0 The HUD funded Public Housing Agency that serves Killington is the Vermont State Housing Authority.
Mendon 0 The HUD funded Public Housing Agency that serves Mendon is the Vermont State Housing Authority.
Middletown Springs 0 The HUD funded Public Housing Agency that serves Middletown Springs is the Vermont State Housing Authority.
Mount Holly 0 The HUD funded Public Housing Agency that serves Mount Holly is the Vermont State Housing Authority.
Mount Tabor 0 The HUD funded Public Housing Agency that serves Mount Tabor is the Vermont State Housing Authority.
Pawlet 0 The HUD funded Public Housing Agency that serves Pawlet is the Vermont State Housing Authority.
Pittsfield 0 The HUD funded Public Housing Agency that serves Pittsfield is the Vermont State Housing Authority.
Shrewsbury 0 The HUD funded Public Housing Agency that serves Shrewsbury is the Vermont State Housing Authority.
Sudbury 0 The HUD funded Public Housing Agency that serves Sudbury is the Vermont State Housing Authority.
Tinmouth 0 The HUD funded Public Housing Agency that serves Tinmouth is the Vermont State Housing Authority.
Wells 0 The HUD funded Public Housing Agency that serves Wells is the Vermont State Housing Authority.
West Haven 0 The HUD funded Public Housing Agency that serves West Haven is the Vermont State Housing Authority.