Five Ways to Save Up to 50% on Senior Housing Rent

While the costs can be steep, it’s reassuring to know that there are several methods available to alleviate some of this financial strain. Believe it or not, with careful planning and research, you could potentially cut your rent by up to 50%. To guide you in this endeavor, we’ve compiled a list of five practical strategies that you might want to delve into:


1. Apply for Public Housing

Public housing was established to provide safe and affordable rental housing for low-income families, the elderly, and persons with disabilities. The U.S. Department of Housing and Urban Development (HUD) provides federal aid to local housing agencies (HAs) that manage this housing​​.

The eligibility for public housing is determined based on your annual gross income, whether you qualify as elderly or a person with a disability, and your U.S. citizenship or eligible immigration status​.

The application process requires you to provide detailed information about your family composition, income sources, and housing preferences​​.

Rent in public housing is based on your family’s anticipated gross annual income less any deductions. HUD regulations allow HAs to exclude certain amounts from annual income, such as $480 for each dependent and $400 for any elderly family or person with a disability​.

2. Leverage Section 8 Housing Vouchers

HUD’s Housing Choice Voucher program, often referred to as Section 8, provides rental assistance to low-income households, including seniors. Under this program, you can choose any housing that meets program requirements, and the HA pays a subsidy directly to the landlord while you pay the remaining rent.

3. Seek State-Specific Rental Assistance Programs

Many states offer rental assistance programs that can help you save on rent. For instance, California has a COVID-19 Rent Relief program designed to help income-eligible households pay rent and utilities, both for past due and future payments​.

4. Consider Subsidized Apartments

HUD also helps apartment owners offer reduced rents to low-income tenants through its subsidized apartments program. To apply, you need to contact the management office of each apartment building that interests you​2​.

5. Explore Non-Profit Housing Options

Several non-profit organizations offer affordable housing options for seniors. These organizations usually operate with a mission to provide low-cost housing to those who need it most.

Remember, each HA has the discretion to establish preferences to reflect needs in its community. These preferences will be included in the HA’s written policy manual. Make sure to ask what preferences they honor so you will know whether you qualify for a preference​.

In conclusion, while the cost of senior housing can be high, there are several avenues you can explore to potentially reduce your rent. The key is to research your options, understand the eligibility requirements, and apply to as many programs as possible.