About This Property
Lakewood Apts offers 24 low-income units in Saranac, Michigan, consisting of 10 one-bedroom and 14 two-bedroom apartments. The property has been in service since 2002 and serves Ionia County residents. Interested applicants should contact the property management for current availability and application information.
Waitlist Information
Waitlist managed by Saranac Housing Commission
The Saranac Housing Commission is currently accepting Public Housing waiting list pre-applications for families and senior/disabled individuals. The SHC has a preference for full-time students or disabled individuals.
No current information found regarding the direct opening status or application method for Saranac Housing Commission's Section 8 Housing Choice Voucher program.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Ionia County, MI
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $795 |
| 1 Bedroom | $843 |
| 2 Bedroom | $1,108 |
| 3 Bedroom | $1,369 |
| 4 Bedroom | $1,683 |
Income Limits - Ionia County, MI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,950
- Very Low (50%)
- $23,250
- Low (80%)
- $37,200
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,600
- Low (80%)
- $42,500
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,900
- Low (80%)
- $47,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,200
- Low (80%)
- $53,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $35,900
- Low (80%)
- $57,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,550
- Low (80%)
- $61,600
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,200
- Low (80%)
- $65,850
- Extremely Low (30%)
- $43,850
- Very Low (50%)
- $43,850
- Low (80%)
- $70,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,950 | $23,250 | $37,200 |
| 2 Persons | $17,420 | $26,600 | $42,500 |
| 3 Persons | $21,960 | $29,900 | $47,800 |
| 4 Persons | $26,500 | $33,200 | $53,100 |
| 5 Persons | $31,040 | $35,900 | $57,350 |
| 6 Persons | $35,580 | $38,550 | $61,600 |
| 7 Persons | $40,120 | $41,200 | $65,850 |
| 8 Persons | $43,850 | $43,850 | $70,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Saranac, MI?+
The Fair Market Rent (FMR) for Ionia County, MI is: $795 (Studio), $843 (1BR), $1108 (2BR), $1369 (3BR), $1683 (4BR). Actual rent at subsidized properties like Lakewood Apts is typically 30% of household income or less.
What size apartments are available at Lakewood Apts?+
Lakewood Apts offers the following unit types: 10 One-Bedroom, 14 Two-Bedroom units, for a total of 24 units.
How do I apply for housing at Lakewood Apts?+
Lakewood Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Is there a waitlist for Lakewood Apts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Lakewood Apts?+
Lakewood Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Saranac, MI?+
Based on Fair Market Rent for Ionia County, the estimated price range is: 1-bedroom: $843, 2-bedroom: $1108. Actual rent at Lakewood Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Ionia County, MI?+
For a 4-person household in Ionia County, MI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,200, Low Income (80% AMI): $53,100. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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