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

Discover affordable housing in Elaine 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.

Elaine Housing

301 Nelson St, Elaine, Arkansas 72333

Elaine Terrace Apartments

401 N Oak St, Elaine, Arkansas 72333

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

What HUD offices serve Elaine, 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 Elaine, Arkansas.

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

How many renters live in Elaine, Arkansas?

The City of Elaine has 544 people living in 236 households.

There are 332 renters living in 115 renter households in this City. Renters make up 61.03 percent of the population living in Elaine.

What is the rental market like in Elaine, Arkansas?

There are an estimated 268 housing units in the Elaine area. Of these, 115 units are rental homes, making up 43 percent of the housing market. For every renter household in Elaine, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Elaine?

The rental vacancy rate in Elaine 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 Elaine for each bedroom size?

Occupied Rental Units by Size in Elaine
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 40 33 37 5
Occupied Rental Units by Size in Elaine

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

Among renter households in this market, 40 percent have housing cost burden. Further, 23 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 Elaine

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,381. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $622
Two BR $814
Three BR $1,147
Four BR $1,381
2024 Fair Market Rents in Elaine, Arkansas

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

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 40 100 percent
Two BR 16 48 percent
Rental Units Below FMR in Elaine, Arkansas

How many affordable rental units are in Elaine?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 19
USDA Section 515 Rural Rental Housing 39
Tracked Units by Federal Program in Elaine, Arkansas

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

Income Based Apartments in Elaine, Arkansas

Elaine features 39 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 Elaine, Arkansas

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

Housing Choice Vouchers in Elaine, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.