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

Discover affordable housing in Medical Lake 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.

Medical Lake

226-228 N. Washington Street, Medical Lake, Washington 99022

bed 1-2
payment $271-416/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Hearthstone

1020 E Campbell St, Medical Lake, Washington 99022

bed 1-2
switch_access_shortcut Short Wait
elderly Senior

119 E Spence St Unit 119 E Spence

119 E Spence St Unit 119 E Spence, Medical Lake, Washington 99022

bed 2
payment $1295/mo.

How To Identify Affordable Housing in Medical 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 Medical Lake, Washington
$24.70/hour
$8.42 (+52%) more than Washington minimum wage and $17.45 (+241%) more than the Federal minimum wage.
Learn More About Medical Lake, Washington Affordable Housing ↓

What HUD offices serve Medical 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, Homeownership Voucher, Family Self-Sufficiency, Moving to Work programs for Medical Lake, Washington.

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

How many renters live in Medical Lake, Washington?

The City of Medical Lake has people living in households.

There are renters living in renter households in this City. Renters make up 20.31 percent of the population living in Medical Lake.

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

There are an estimated housing units in the Medical Lake area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Medical Lake, Washington, there are 1.09 rental units.

What is the vacancy rate for rentals in Medical Lake?

The rental vacancy rate in Medical Lake is 8 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 Medical Lake for each bedroom size?

Occupied Rental Units by Size in Medical Lake
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 154 223 127 0
Occupied Rental Units by Size in Medical Lake

A large number of apartments in Medical 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 Medical Lake

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $890 to $2,131. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $890
One BR $1,012
Two BR $1,304
Three BR $1,835
Four BR $2,131
2024 Fair Market Rents in Medical Lake, Washington

How many units are rented at Fair Market Rent (FMR) in Medical 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
One BR 154 100 percent
Two BR 216 97 percent
Rental Units Below FMR in Medical Lake, Washington

How many affordable rental units are in Medical Lake?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Medical Lake, Washington

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

Income Based Apartments in Medical Lake, Washington

Medical Lake features 48 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 Medical Lake, Washington

There are 4 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Medical Lake.

Housing Choice Vouchers in Medical Lake, Washington

On average, Section 8 Housing Choice vouchers pay Medical Lake landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Medical Lake.

The maximum amount a voucher would pay on behalf of a low-income tenant in Medical Lake, Washington for a two-bedroom apartment is between $1,174 and $1,434.

Sourced from federal housing data and AffordableHousingOnline.com research.

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