Low Income Apartments and Affordable Housing For Rent in Holbrook, AZ

Discover affordable housing in Holbrook where there are 4+ 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.

Coronado II Apartments

204 Mission Ln., Holbrook, Arizona 86025

Holbrook Court Apartments

109 Court Ln, Holbrook, Arizona 86025

Home Community Counseling Center 410 - 05 - 02

455 N 2nd Ave, Holbrook, Arizona 86025

Community Counseling Centers 045 - 02

459 N 2nd Ave, Holbrook, Arizona 86025

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Holbrook, Arizona
$22.54/hour
$8.19 (+57%) more than Arizona minimum wage and $15.29 (+211%) more than the Federal minimum wage.
Learn More About Holbrook, Arizona Affordable Housing ↓

How many renters live in Holbrook, Arizona?

The City of Holbrook has 4,842 people living in 1,528 households.

There are 1,660 renters living in 600 renter households in this City. Renters make up 34.28 percent of the population living in Holbrook.

What is the rental market like in Holbrook, Arizona?

There are an estimated 1,743 housing units in the Holbrook area. Of these, 600 units are rental homes, making up 34 percent of the housing market. For every renter household in Holbrook, Arizona, there are 1 rental units.

What is the vacancy rate for rentals in Holbrook?

The rental vacancy rate in Holbrook is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Holbrook for each bedroom size?

Occupied Rental Units by Size in Holbrook
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 75 218 307 0
Occupied Rental Units by Size in Holbrook

A large number of apartments in Holbrook 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 Holbrook are overburdened by housing costs?

Among renter households in this market, 29 percent have housing cost burden. Further, 10 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 Holbrook

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $856 to $1,585. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $856
One BR $906
Two BR $1,190
Three BR $1,509
Four BR $1,585
2024 Fair Market Rents in Holbrook, Arizona

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

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 51 68 percent
Two BR 154 71 percent
Rental Units Below FMR in Holbrook, Arizona

How many affordable rental units are in Holbrook?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Holbrook, Arizona

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

Income Based Apartments in Holbrook, Arizona

Holbrook 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 Holbrook, Arizona

There are 11 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Holbrook.

Housing Choice Vouchers in Holbrook, Arizona

On average, Section 8 Housing Choice vouchers pay Holbrook landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Holbrook.

The maximum amount a voucher would pay on behalf of a low-income tenant in Holbrook, Arizona for a two-bedroom apartment is between $1,071 and $1,309.

Sourced from federal housing data and AffordableHousingOnline.com research.