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

Discover affordable housing in Rutland County where there are 43+ 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.

Linden Terrace

191 Grove St, Rutland, Vermont 05701

Adele Stanley Apartments

5 Cold River Rd, Rutland, Vermont 05701

Conant Square

30 Conant Sq, Brandon, Vermont 05733

Benson Heights

2747 Stage Rd, Benson, Vermont 05743

Appletree Apartments

1-30 Appletree Ln., Fair Haven, Vermont 5743

Colonial Apartments

317 Marble St, West Rutland, Vermont 5777

Parsons Hill

RR 2 Box 4A, Castleton, Vermont 5735

School House Apartments

88 Main St, Poultney, Vermont 05764

Castleton Meadows

148 Castleton Meadows Ln, Castleton, Vermont 05735

Bardwell House

142 Merchants Row, Rutland, Vermont 05701

Wallingford House

10 N Main St, Wallingford, Vermont 05773

Park Village Apartments

252 Mulcahy Dr, Brandon, Vermont 05733

Village Manor

1 Village Mnr, Pittsford, Vermont 05763

Parker House

129 Church St, Rutland, Vermont 05701

The Owen House

3 Union St, Fair Haven, Vermont 05743

Maple Village

72 Pine St, Rutland, Vermont 05701

Rutland Scattered III - Cpwd

42 Pine St, Rutland, Vermont 05701

Rutland Afs Scattered Sites

44 Allen St, Rutland, Vermont 05701

Stanislaus Housing

95 Barnes St, West Rutland, Vermont 05777

Forest Park West, Phase I

12 Hickory St, Rutland, Vermont 05701

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 Rutland County, Vermont
$23.18/hour
$9.51 (+70%) more than Vermont minimum wage and $15.93 (+220%) more than the Federal minimum wage.
Learn More About Rutland County, Vermont Affordable Housing ↓

What HUD offices serve Rutland 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 Rutland County, Vermont.

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

How many renters live in Rutland County, Vermont?

The County of Rutland County has 60,585 people living in 25,334 households.

There are 12,837 renters living in 7,020 renter households in this County. Renters make up 21.19 percent of the population living in Rutland County.

What is the rental market like in Rutland County, Vermont?

There are an estimated 33,906 housing units in the Rutland County area. Of these, 7,304 units are rental homes, making up 22 percent of the housing market. For every renter household in Rutland County, Vermont, there are 1 rental units.

What is the vacancy rate for rentals in Rutland County?

The rental vacancy rate in Rutland County is 3 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 Rutland County for each bedroom size?

Occupied Rental Units by Size in Rutland County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2,153 1,901 1,399 1,119 341
Occupied Rental Units by Size in Rutland County

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

Among renter households in this market, 45 percent have housing cost burden. Further, 22 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 Rutland County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $991 to $2,004. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $991
One BR $997
Two BR $1,224
Three BR $1,561
Four BR $2,004
2024 Fair Market Rents in Rutland County, Vermont

How many units are rented at Fair Market Rent (FMR) in Rutland 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 1,544 72 percent
One BR 1,496 79 percent
Two BR 846 60 percent
Rental Units Below FMR in Rutland County, Vermont

How many affordable rental units are in Rutland County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 584
Section 8 Project-Based Rental Assistance 445
Section 811 Supportive Housing for Persons with Disabilities 8
USDA Section 515 Rural Rental Housing 222
Tracked Units by Federal Program in Rutland County, Vermont

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

Income Based Apartments in Rutland County, Vermont

Rutland County features 881 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 Rutland County, Vermont

There are 352 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rutland County.

Housing Choice Vouchers in Rutland County, Vermont

On average, Section 8 Housing Choice vouchers pay Rutland County landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Rutland County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Rutland County, Vermont for a two-bedroom apartment is between $1,102 and $1,346.

Sourced from federal housing data and AffordableHousingOnline.com research.