Low Income Apartments and Affordable Housing For Rent in Saint Albans, VT

Discover affordable housing in Saint Albans where there are 14+ 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.

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 Saint Albans, 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 Saint Albans, Vermont Affordable Housing ↓

What HUD offices serve Saint Albans, 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 Saint Albans, Vermont.

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

How many renters live in Saint Albans, Vermont?

The City of Saint Albans has 6,891 people living in 2,862 households.

There are 3,022 renters living in 1,384 renter households in this City. Renters make up 43.85 percent of the population living in Saint Albans.

What is the rental market like in Saint Albans, Vermont?

There are an estimated 3,236 housing units in the Saint Albans area. Of these, 1,525 units are rental homes, making up 47 percent of the housing market. For every renter household in Saint Albans, Vermont, there are 1 rental units.

What is the vacancy rate for rentals in Saint Albans?

The rental vacancy rate in Saint Albans is 9 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 Saint Albans for each bedroom size?

Occupied Rental Units by Size in Saint Albans
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
57 479 597 201 50
Occupied Rental Units by Size in Saint Albans

A large number of apartments in Saint Albans 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 Saint Albans are overburdened by housing costs?

Among renter households in this market, 51 percent have housing cost burden. Further, 27 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 Saint Albans

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 Saint Albans, Vermont

How many units are rented at Fair Market Rent (FMR) in Saint Albans?

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 53 93 percent
One BR 421 88 percent
Two BR 534 89 percent
Rental Units Below FMR in Saint Albans, Vermont

How many affordable rental units are in Saint Albans?

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

Federal Program Unit Count
Low Income Housing Tax Credit 160
Section 8 Project-Based Rental Assistance 109
Section 811 Supportive Housing for Persons with Disabilities 6
USDA Section 515 Rural Rental Housing 44
Tracked Units by Federal Program in Saint Albans, Vermont

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

Income Based Apartments in Saint Albans, Vermont

Saint Albans features 192 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 Saint Albans, Vermont

There are 258 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Saint Albans.

Housing Choice Vouchers in Saint Albans, Vermont

On average, Section 8 Housing Choice vouchers pay Saint Albans landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Saint Albans.

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

Sourced from federal housing data and AffordableHousingOnline.com research.