Low Income Apartments and Affordable Housing For Rent in Forrest City, AR

Discover affordable housing in Forrest City where there are 18+ 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.

Indian Hills Apartments

1731 Indian Hills Rd. #100, Forrest City, Arkansas 72335

Shady Oaks Apartments

130 W Cook St, Forrest City, Arkansas 72335

Forrest Ridge Apartments

727 Hill St, Forrest City, Arkansas 72335

The Meadows at Forrest City

1485 Dawson, Forrest City, Arkansas 72336

Stonebrook Park of Forrest City

2204 E Stonebrook Cir, Forrest City, Arkansas 72335

Delta Pointe Apartments

1421 N Division Street , Forrest City, Arkansas 72335

Cottonwood Townhomes

1035 Dawson Rd, Forrest City, Arkansas 72335

Chapel Ridge of Forrest City

1085 Holiday Dr, Forrest City, Arkansas 72335

Forrest Meadows I

305 Kittle Rd, Forrest City, Arkansas 72335

Pecan Grove Apartments

1905 N Washington St, Forrest City, Arkansas 72335

Forrest City Group Home

1455 Beth St, Forrest City, Arkansas 72335

Forrest City Independent Living Center

2105 Cedar St, Forrest City, Arkansas 72335

Dundas Place

1001 S Rosser St, Forrest City, Arkansas

James D Davis

199 Sfc 309, Forrest City, Arkansas

Linden Heights

11 Grobmyer Cir, Forrest City, Arkansas 72335

Dawson Homes

119 Turner Cir, Forrest City, Arkansas 72335

Chapel Ridge of Forrest City II

1075 Holiday Dr, Forrest City, Arkansas 72335

Forrest City Housing Associates, Lp

Holiday St, Forrest City, Arkansas 72335

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Forrest City, Arkansas
$15.78/hour
$4.78 (+43%) more than Arkansas minimum wage and $8.53 (+118%) more than the Federal minimum wage.
Learn More About Forrest City, Arkansas Affordable Housing ↓

What HUD offices serve Forrest City, 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 Public Housing programs for Forrest City, Arkansas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Forrest City, Arkansas.

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

How many renters live in Forrest City, Arkansas?

The City of Forrest City has 13,010 people living in 3,976 households.

There are 6,518 renters living in 2,551 renter households in this City. Renters make up 50.1 percent of the population living in Forrest City.

What is the rental market like in Forrest City, Arkansas?

There are an estimated 4,640 housing units in the Forrest City area. Of these, 2,762 units are rental homes, making up 60 percent of the housing market. For every renter household in Forrest City, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Forrest City?

The rental vacancy rate in Forrest City is 7 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 Forrest City for each bedroom size?

Occupied Rental Units by Size in Forrest City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
39 374 1,092 836 200
Occupied Rental Units by Size in Forrest City

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

Among renter households in this market, 51 percent have housing cost burden. Further, 22 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 Forrest City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $618 to $1,166. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $618
One BR $660
Two BR $833
Three BR $1,161
Four BR $1,166
2024 Fair Market Rents in Forrest City, Arkansas

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

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 39 100 percent
One BR 287 77 percent
Two BR 673 62 percent
Rental Units Below FMR in Forrest City, Arkansas

How many affordable rental units are in Forrest City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 488
Public Housing 351
Section 8 Project-Based Rental Assistance 99
Section 811 Supportive Housing for Persons with Disabilities 11
USDA Section 515 Rural Rental Housing 195
Tracked Units by Federal Program in Forrest City, Arkansas

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

Income Based Apartments in Forrest City, Arkansas

Forrest City features 633 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 Forrest City, Arkansas

There are 343 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Forrest City.

Housing Choice Vouchers in Forrest City, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Forrest City, Arkansas for a two-bedroom apartment is between $750 and $916.

Sourced from federal housing data and AffordableHousingOnline.com research.