Low Income Apartments and Affordable Housing For Rent in Bonney Lake, WA

Discover affordable housing in Bonney Lake where there are 4+ 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.

Renwood Apartment Homes

9002 186th Ave E, Bonney Lake, Washington 98391

bed 3
payment $2253/mo.

The View by Vintage

9800 219th Avenue E, Bonney Lake, Washington 98391

bed 1-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Cedar Ridge Retirement

9515 198th Ave E, Bonney Lake, Washington 98391

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Forest View ( Rainbow )

8313 Myers Rd E, Bonney Lake, Washington 98391

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Bonney Lake, Washington

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bonney Lake, Washington
$37.63/hour
$21.35 (+131%) more than Washington minimum wage and $30.38 (+419%) more than the Federal minimum wage.
Learn More About Bonney Lake, Washington Affordable Housing ↓

What HUD offices serve Bonney Lake, 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 Bonney Lake, Washington.

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

How many renters live in Bonney Lake, Washington?

The City of Bonney Lake has people living in households.

There are renters living in renter households in this City. Renters make up 19.07 percent of the population living in Bonney Lake.

What is the rental market like in Bonney Lake, Washington?

There are an estimated housing units in the Bonney Lake area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Bonney Lake, Washington, there are 1.03 rental units.

What is the vacancy rate for rentals in Bonney Lake?

The rental vacancy rate in Bonney Lake 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 Bonney Lake for each bedroom size?

Occupied Rental Units by Size in Bonney Lake
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
13 269 482 619 159
Occupied Rental Units by Size in Bonney Lake

A large number of apartments in Bonney Lake have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Bonney Lake

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,430 to $3,236. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,430
One BR $1,603
Two BR $1,987
Three BR $2,800
Four BR $3,236
2024 Fair Market Rents in Bonney Lake, Washington

How many units are rented at Fair Market Rent (FMR) in Bonney Lake?

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 0 100 percent
One BR 55 20 percent
Two BR 293 61 percent
Rental Units Below FMR in Bonney Lake, Washington

How many affordable rental units are in Bonney Lake?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Tracked Units by Federal Program in Bonney Lake, Washington

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

Income Based Apartments in Bonney Lake, Washington

Bonney Lake features 0 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 Bonney Lake, Washington

There are 555 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bonney Lake.

Housing Choice Vouchers in Bonney Lake, Washington

On average, Section 8 Housing Choice vouchers pay Bonney Lake landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bonney Lake.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bonney Lake, Washington for a two-bedroom apartment is between $1,788 and $2,186.

Sourced from federal housing data and AffordableHousingOnline.com research.

Email Signup
Don't Miss A Waiting List Opening