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

Discover affordable housing in Gravette 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.

Gardenwalk of Gravette

600 Irving St SW, Gravette, Arkansas 72736

Gravette Senior Citizens Housing

700 Irving St SW, Gravette, Arkansas 72736

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Gravette, Arkansas
$21.23/hour
$10.23 (+93%) more than Arkansas minimum wage and $13.98 (+193%) more than the Federal minimum wage.
Learn More About Gravette, Arkansas Affordable Housing ↓

How many renters live in Gravette, Arkansas?

The City of Gravette has 3,565 people living in 1,204 households.

There are 1,610 renters living in 477 renter households in this City. Renters make up 45.16 percent of the population living in Gravette.

What is the rental market like in Gravette, Arkansas?

There are an estimated 1,275 housing units in the Gravette area. Of these, 477 units are rental homes, making up 37 percent of the housing market. For every renter household in Gravette, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Gravette?

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

Occupied Rental Units by Size in Gravette
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
12 58 52 230 125
Occupied Rental Units by Size in Gravette

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

Among renter households in this market, 23 percent have housing cost burden. Further, 2 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 Gravette

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $871 to $1,847. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $871
One BR $924
Two BR $1,121
Three BR $1,580
Four BR $1,847
2024 Fair Market Rents in Gravette, Arkansas

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

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 12 100 percent
One BR 58 100 percent
Two BR 27 52 percent
Rental Units Below FMR in Gravette, Arkansas

How many affordable rental units are in Gravette?

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

Federal Program Unit Count
Low Income Housing Tax Credit 25
Section 8 Project-Based Rental Assistance 38
Section 202 Supportive Housing for the Elderly 20
USDA Section 515 Rural Rental Housing 25
Tracked Units by Federal Program in Gravette, Arkansas

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

Income Based Apartments in Gravette, Arkansas

Gravette features 20 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 Gravette, Arkansas

There are 25 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gravette.

Housing Choice Vouchers in Gravette, Arkansas

On average, Section 8 Housing Choice vouchers pay Gravette landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Gravette.

The maximum amount a voucher would pay on behalf of a low-income tenant in Gravette, Arkansas for a two-bedroom apartment is between $1,009 and $1,233.

Sourced from federal housing data and AffordableHousingOnline.com research.