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

Discover affordable housing in Arkansas where there are 750+ 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.

Albert Pike Apartments

701 Scott St, Little Rock, Arkansas 72201

Cypress Grove Homes of Lake Village

188 Cypress Street, Lake Village, Arkansas 71653

Meadow Park Apartments

840 N 16th St, Rogers, Arkansas 72756

Chicot Apartments

604 E Compress St, Eudora, Arkansas 71640

Craighead Place

1435 Belt St, Jonesboro, Arkansas 72401

Elliston Place

222 N 20th St, Arkadelphia, Arkansas 71923

Hicky Garden Apartments

785 Hicky Rd, Marianna, Arkansas 72360

Walker Courts North and South

1129 Walker Pl, Jonesboro, Arkansas 72401

Argenta Square Apartments

617 N Maple St, North Little Rock, Arkansas 72114

Foster Collier Gordon Manor

168 Sarah Sauls Dr, Marianna, Arkansas 72360

Parkview Towers

1200 Commerce St, Little Rock, Arkansas 72202

The Ridge at Morrilton

1609 E. Harding St. , Morrilton, Arkansas 72110

Summit at Geyer Springs

5201 Geyer Springs Road, Little Rock, Arkansas 72209

South Pointe Apartments

365 California Street, Marianna, Arkansas 72360

Oak Creek Apartments

2526 Oak Creek Drive, Pocahontas, Arkansas 72455

Auxora Arms

9101 Auxor Rd, Little Rock, Arkansas 72209

Park Ridge at Conway

1960 Rich Smith Ln, Conway, Arkansas 72032

East View Apartments

109 E View Ct, Green Forest, Arkansas 72638

GardenWalk on Elfen Glen Apartments I

1608 Elfen Glen, Van Buren, Arkansas 72956

GardenWalk of Bentonville Apartments

801 SE 10th St, Bentonville, Arkansas 72712

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Arkansas
$16.88/hour
$5.88 (+53%) more than Arkansas minimum wage and $9.63 (+133%) more than the Federal minimum wage.
Learn More About Arkansas Affordable Housing ↓

How many renters live in Arkansas?

The State of Arkansas has 41,801 people living in 19,021 households.

There are 10,702 renters living in 4,879 renter households in this State. Renters make up 25.6 percent of the population living in Arkansas.

What is the rental market like in Arkansas?

There are an estimated 22,747 housing units in the Arkansas area. Of these, 5,200 units are rental homes, making up 23 percent of the housing market. For every renter household in Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Arkansas?

The rental vacancy rate in Arkansas is 4 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 Arkansas for each bedroom size?

Occupied Rental Units by Size in Arkansas
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
182 670 2,338 1,482 183
Occupied Rental Units by Size in Arkansas

A large number of apartments in Arkansas 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 Arkansas 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 many units are rented at Fair Market Rent (FMR) in Arkansas?

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 59 32 percent
One BR 377 56 percent
Two BR 1,456 62 percent
Rental Units Below FMR in Arkansas

How many affordable rental units are in Arkansas?

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

Federal Program Unit Count
Low Income Housing Tax Credit 581
Section 8 Project-Based Rental Assistance 50
Section 202 Supportive Housing for the Elderly 25
USDA Section 515 Rural Rental Housing 220
Tracked Units by Federal Program in Arkansas

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

Income Based Apartments in Arkansas

Arkansas features 35,073 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 Arkansas

There are 20,034 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Arkansas.

Housing Choice Vouchers in Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Arkansas for a two-bedroom apartment is between $802 and $980.

Sourced from federal housing data and AffordableHousingOnline.com research.