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

Discover affordable housing in Conway County where there are 7+ 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.

The Ridge at Morrilton

1609 E. Harding St. , Morrilton, Arkansas 72110

Station House Apartments St Anthonys

401 N Moose St, Morrilton, Arkansas 72110

River Valley Apartments - Morrilton

1021 S Business 9, Morrilton, Arkansas 72110

St Anthonys Senior Living

202 Green St, Morrilton, Arkansas 72110

Stone Ridge

404 Legacy Dr, Morrilton, Arkansas 72110

Park Place Apts

306 North St. Joseph Street, Morrilton, Arkansas

Bridewill Manor

107 Cherokee Ct, Morrilton, Arkansas 72110

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

What HUD offices serve Conway 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 Conway County, Arkansas.

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

How many renters live in Conway County, Arkansas?

The County of Conway County has 20,782 people living in 8,422 households.

There are 5,999 renters living in 2,680 renter households in this County. Renters make up 28.87 percent of the population living in Conway County.

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

There are an estimated 9,659 housing units in the Conway County area. Of these, 2,770 units are rental homes, making up 29 percent of the housing market. For every renter household in Conway County, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Conway County?

The rental vacancy rate in Conway County is 3 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 Conway County for each bedroom size?

Occupied Rental Units by Size in Conway County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
208 205 1,076 930 230
Occupied Rental Units by Size in Conway County

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

Among renter households in this market, 38 percent have housing cost burden. Further, 16 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 Conway County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,233. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $620
Two BR $814
Three BR $1,147
Four BR $1,233
2024 Fair Market Rents in Conway County, Arkansas

How many units are rented at Fair Market Rent (FMR) in Conway 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 205 99 percent
One BR 132 64 percent
Two BR 686 64 percent
Rental Units Below FMR in Conway County, Arkansas

How many affordable rental units are in Conway County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 126
Public Housing 206
USDA Section 515 Rural Rental Housing 85
Tracked Units by Federal Program in Conway County, Arkansas

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

Income Based Apartments in Conway County, Arkansas

Conway County features 336 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 Conway County, Arkansas

There are 92 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Conway County.

Housing Choice Vouchers in Conway County, Arkansas

On average, Section 8 Housing Choice vouchers pay Conway County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Conway County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.