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

Discover affordable housing in Bradford where there are 2+ 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.

Bradford Apartments

411 Denson St, Bradford, Arkansas 72020

Williams Manor

412 Pollard St, Bradford, Arkansas 72020

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bradford, Arkansas
$16.17/hour
$5.17 (+47%) more than Arkansas minimum wage and $8.92 (+123%) more than the Federal minimum wage.
Learn More About Bradford, Arkansas Affordable Housing ↓

What HUD offices serve Bradford, 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for Bradford, Arkansas.

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

How many renters live in Bradford, Arkansas?

The City of Bradford has 553 people living in 232 households.

There are 227 renters living in 108 renter households in this City. Renters make up 41.05 percent of the population living in Bradford.

What is the rental market like in Bradford, Arkansas?

There are an estimated 327 housing units in the Bradford area. Of these, 121 units are rental homes, making up 37 percent of the housing market. For every renter household in Bradford, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Bradford?

The rental vacancy rate in Bradford is 11 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 Bradford for each bedroom size?

Occupied Rental Units by Size in Bradford
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 31 28 34 5
Occupied Rental Units by Size in Bradford

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

Among renter households in this market, 42 percent have housing cost burden. Further, 31 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 Bradford

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,272. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $704
Two BR $854
Three BR $1,133
Four BR $1,272
2024 Fair Market Rents in Bradford, Arkansas

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

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 10 100 percent
One BR 30 97 percent
Two BR 21 75 percent
Rental Units Below FMR in Bradford, Arkansas

How many affordable rental units are in Bradford?

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

Federal Program Unit Count
Low Income Housing Tax Credit 20
Section 202 Supportive Housing for the Elderly 16
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Bradford, Arkansas

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

Income Based Apartments in Bradford, Arkansas

Bradford features 36 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 Bradford, Arkansas

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

Housing Choice Vouchers in Bradford, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bradford, Arkansas for a two-bedroom apartment is between $769 and $939.

Sourced from federal housing data and AffordableHousingOnline.com research.