Low Income Apartments and Affordable Housing For Rent in Bainbridge Island, WA

Discover affordable housing in Bainbridge Island where there are 5+ 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.

Virginia Villa Apartments

200 High School Rd NE , Bainbridge Island, Washington 98110

Finch Place Apartments

215 Finch Place SW, Bainbridge Island, Washington 98110

Island Terrace Apartments

821 High School Rd NE, Bainbridge Island, Washington 98110

Winslow Arms Apartments

220 Parfitt Way SW, Bainbridge Island, Washington 98110

Westhome on Bainbridge Island

192 Knechtel Way NE, Bainbridge Island, Washington 98110

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bainbridge Island, Washington
$38.81/hour
$22.53 (+138%) more than Washington minimum wage and $31.56 (+435%) more than the Federal minimum wage.
Learn More About Bainbridge Island, Washington Affordable Housing ↓

What HUD offices serve Bainbridge Island, Washington?

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), Public Housing programs for Bainbridge Island, Washington.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Bainbridge Island, Washington.

Go to the Washington Public Housing and Low-Income Apartments Waiting Lists page for openings near Bainbridge Island.

How many renters live in Bainbridge Island, Washington?

The City of Bainbridge Island has 24,681 people living in 9,850 households.

There are 4,095 renters living in 1,849 renter households in this City. Renters make up 16.59 percent of the population living in Bainbridge Island.

What is the rental market like in Bainbridge Island, Washington?

There are an estimated 10,639 housing units in the Bainbridge Island area. Of these, 1,885 units are rental homes, making up 18 percent of the housing market. For every renter household in Bainbridge Island, Washington, there are 1 rental units.

What is the vacancy rate for rentals in Bainbridge Island?

The rental vacancy rate in Bainbridge Island 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 Bainbridge Island for each bedroom size?

Occupied Rental Units by Size in Bainbridge Island
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
141 386 764 378 167
Occupied Rental Units by Size in Bainbridge Island

A large number of apartments in Bainbridge Island 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 Bainbridge Island are overburdened by housing costs?

Among renter households in this market, 34 percent have housing cost burden. Further, 16 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 Bainbridge Island

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,389 to $3,181. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,389
One BR $1,559
Two BR $2,049
Three BR $2,698
Four BR $3,181
2024 Fair Market Rents in Bainbridge Island, Washington

How many units are rented at Fair Market Rent (FMR) in Bainbridge Island?

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 133 94 percent
One BR 245 63 percent
Two BR 274 36 percent
Rental Units Below FMR in Bainbridge Island, Washington

How many affordable rental units are in Bainbridge Island?

There are a variety of federal affordable housing programs serving households in Bainbridge Island, Washington including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 87
Section 8 Project-Based Rental Assistance 60
USDA Section 515 Rural Rental Housing 166
Tracked Units by Federal Program in Bainbridge Island, Washington

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

Income Based Apartments in Bainbridge Island, Washington

Bainbridge Island features 176 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 Bainbridge Island, Washington

There are 9 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bainbridge Island.

Housing Choice Vouchers in Bainbridge Island, Washington

On average, Section 8 Housing Choice vouchers pay Bainbridge Island landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Bainbridge Island.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bainbridge Island, Washington for a two-bedroom apartment is between $1,844 and $2,254.

Sourced from federal housing data and AffordableHousingOnline.com research.