Low Income Apartments and Affordable Housing For Rent in Clay County, AR

Discover affordable housing in Clay County where there are 15+ 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.

Piggott Elderly Apartments

666 Orr St, Piggot, Arkansas 72454

Piggott Family Apartments

400 S 12th St, Piggot, Arkansas 72454

Indian Hills Apartments

25 Indian Hills Dr, Rector, Arkansas 72461

Sunridge Apartments

400 Stephan Ln, Corning, Arkansas 72422

Corning Senior

806 Elm Street, Corning, Arkansas 72422

Willow Gate Apartments

421 N Ballard St, Rector, Arkansas 72461

Park Place Apartments

682 S Houston Ave, Piggott, Arkansas 72454

Rector

132 N Main St, Rector, Arkansas 72461

Corning Ilc

710 Sharon Cir, Corning, Arkansas 72422

Brad of Corning

1600 Success St, Corning, Arkansas 72422

Brad of Piggott

551 W Main St, Piggott, Arkansas 72454

Pinewood Apartments

813 Vine St, Corning, Arkansas 72422

Pinewood I&ii Apts.

308 Elm Street, Corning, Arkansas

Pinewood Aoartments

811 Vine St, Corning, Arkansas 72422

Piggoh, City Of

Monroe And Garfield, Piggott, Arkansas 72454

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Clay County, 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 Clay County, Arkansas Affordable Housing ↓

What HUD offices serve Clay County, 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) programs for Clay County, Arkansas.

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

How many renters live in Clay County, Arkansas?

The County of Clay County has 14,537 people living in 6,063 households.

There are 4,381 renters living in 1,608 renter households in this County. Renters make up 30.14 percent of the population living in Clay County.

What is the rental market like in Clay County, Arkansas?

There are an estimated 7,514 housing units in the Clay County area. Of these, 1,719 units are rental homes, making up 23 percent of the housing market. For every renter household in Clay County, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Clay County?

The rental vacancy rate in Clay County is 6 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 Clay County for each bedroom size?

Occupied Rental Units by Size in Clay County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
49 190 525 742 71
Occupied Rental Units by Size in Clay County

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

Among renter households in this market, 33 percent have housing cost burden. Further, 13 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 Clay County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $615 to $1,301. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $615
One BR $620
Two BR $814
Three BR $1,050
Four BR $1,301
2024 Fair Market Rents in Clay County, Arkansas

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

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 47 96 percent
One BR 163 86 percent
Two BR 428 82 percent
Rental Units Below FMR in Clay County, Arkansas

How many affordable rental units are in Clay County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 77
Public Housing 77
Section 8 Project-Based Rental Assistance 40
Section 202 Supportive Housing for the Elderly 14
Section 811 Supportive Housing for Persons with Disabilities 5
USDA Section 515 Rural Rental Housing 147
Tracked Units by Federal Program in Clay County, Arkansas

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

Income Based Apartments in Clay County, Arkansas

Clay County features 314 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 Clay County, Arkansas

There are 22 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Clay County.

Housing Choice Vouchers in Clay County, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.