You might do OK with renters at that level: what many renters in my hood are doing is renting out a house using (1) room, and then sublet the rest of the house.
So in my POS ghetto hood we now have at least (3) dorm houses along our street.
So each person/family probably has to come up with $300-400/month (if that…) – I’m sure even welfare will cover that.