Low Income Apartments and Affordable Housing For Rent in Osceola, AR

Discover affordable housing in Osceola where there are 12+ 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.

Osceola

400 W Keiser Ave, Osceola, Arkansas 72370

Osceola Village

700 Village Dr, Osceola, Arkansas 72370

Seminole Village Apartments

501 Magnolia Dr, Osceola, Arkansas 72370

Osceola Gardens

701 Seminole Dr, Osceola, Arkansas 72370

River Manor Apartments

1 River Cir, Osceola, Arkansas 72370

Pine Cottages

100 Juniper Road, Osceola, Arkansas 72370

Oak Grove Apartments

300 Ken Dr, Osceola, Arkansas 72370

Darrell Brothers Partnership

817 West State Hwy 119, Osceola, Arkansas

Darrell Brothers Partnership

829 West State Hwy 119, Osceola, Arkansas

Beaver Bayou Farms Inc

202 Ken Dr, Osceola, Arkansas

Beaver Bayou Farms

2261 State Us Hwy 61, Osceola, Arkansas

Butler Planting Co

1192 Ermen Lane, Osceola, Arkansas

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Osceola, Arkansas
$15.42/hour
$4.42 (+40%) more than Arkansas minimum wage and $8.17 (+113%) more than the Federal minimum wage.
Learn More About Osceola, Arkansas Affordable Housing ↓

What HUD offices serve Osceola, Arkansas?

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 Public Housing programs for Osceola, Arkansas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Osceola, Arkansas.

Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Osceola.

How many renters live in Osceola, Arkansas?

The City of Osceola has 6,911 people living in 2,404 households.

There are 3,383 renters living in 1,288 renter households in this City. Renters make up 48.95 percent of the population living in Osceola.

What is the rental market like in Osceola, Arkansas?

There are an estimated 3,084 housing units in the Osceola area. Of these, 1,552 units are rental homes, making up 50 percent of the housing market. For every renter household in Osceola, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Osceola?

The rental vacancy rate in Osceola is 15 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 Osceola for each bedroom size?

Occupied Rental Units by Size in Osceola
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
239 118 326 554 51
Occupied Rental Units by Size in Osceola

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

How many renter households in Osceola are overburdened by housing costs?

Among renter households in this market, 37 percent have housing cost burden. Further, 20 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Osceola

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $598 to $1,084. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $598
One BR $623
Two BR $814
Three BR $1,080
Four BR $1,084
2024 Fair Market Rents in Osceola, Arkansas

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

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 187 78 percent
One BR 94 80 percent
Two BR 184 56 percent
Rental Units Below FMR in Osceola, Arkansas

How many affordable rental units are in Osceola?

There are a variety of federal affordable housing programs serving households in Osceola, Arkansas including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 80
Public Housing 355
Section 8 Project-Based Rental Assistance 81
Section 202 Supportive Housing for the Elderly 26
USDA Section 515 Rural Rental Housing 87
Tracked Units by Federal Program in Osceola, Arkansas

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

Income Based Apartments in Osceola, Arkansas

Osceola features 597 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 Osceola, Arkansas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Osceola.

Housing Choice Vouchers in Osceola, Arkansas

On average, Section 8 Housing Choice vouchers pay Osceola landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Osceola.

The maximum amount a voucher would pay on behalf of a low-income tenant in Osceola, Arkansas for a two-bedroom apartment is between $733 and $895.

Sourced from federal housing data and AffordableHousingOnline.com research.