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

Discover affordable housing in West Rutland where there are 3+ 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.

Colonial Apartments

317 Marble St, West Rutland, Vermont 5777

Stanislaus Housing

95 Barnes St, West Rutland, Vermont 05777

Kazon Building CO Technical Planning and Mgmt

110 Marble St, West Rutland, Vermont 05777

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 West Rutland, 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 West Rutland, Vermont Affordable Housing ↓

What HUD offices serve West Rutland, 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 West Rutland, Vermont.

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

How many renters live in West Rutland, Vermont?

The City of West Rutland has 2,222 people living in 954 households.

There are 565 renters living in 267 renter households in this City. Renters make up 25.43 percent of the population living in West Rutland.

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

There are an estimated 1,025 housing units in the West Rutland area. Of these, 267 units are rental homes, making up 26 percent of the housing market. For every renter household in West Rutland, Vermont, there are 1 rental units.

What is the vacancy rate for rentals in West Rutland?

The rental vacancy rate in West Rutland is 0 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 West Rutland for each bedroom size?

Occupied Rental Units by Size in West Rutland
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
153 38 34 10 32
Occupied Rental Units by Size in West Rutland

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

Among renter households in this market, 48 percent have housing cost burden. Further, 24 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 West Rutland

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 West Rutland, Vermont

How many units are rented at Fair Market Rent (FMR) in West Rutland?

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 93 61 percent
One BR 38 100 percent
Two BR 10 29 percent
Rental Units Below FMR in West Rutland, Vermont

How many affordable rental units are in West Rutland?

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

Federal Program Unit Count
Low Income Housing Tax Credit 40
Section 8 Project-Based Rental Assistance 14
USDA Section 515 Rural Rental Housing 6
Tracked Units by Federal Program in West Rutland, Vermont

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

Income Based Apartments in West Rutland, Vermont

West Rutland features 20 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 West Rutland, Vermont

There are 21 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in West Rutland.

Housing Choice Vouchers in West Rutland, Vermont

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.