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

Discover affordable housing in Izard 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.

Calico Pines Apartments

191 Grasse St, Calico Rock, Arkansas 72519

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Lifeline Apartments

139 Conniebrook Ln, Melbourne, Arkansas 72556

switch_access_shortcut Short Wait

Quail Run Apartments

126 Moser St, Melbourne, Arkansas 72556

Melbourne

135 College Dr, Melbourne, Arkansas 72556

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Arkansas

Highway 9 @ County Rd 38, Oxford, Arkansas 72565

Calico Terrace

200 Highland St, Calico Rock, Arkansas 72519

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Arkansas

Haley St, Melbourne, Arkansas 72556

How To Identify Affordable Housing in Izard County, Arkansas

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
Open Until Further Notice
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Reported On February 23rd, 2024 by Chris Madden

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

What HUD offices serve Izard 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), Public Housing programs for Izard County, Arkansas.

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

How many renters live in Izard County, Arkansas?

The County of Izard County has people living in households.

There are renters living in renter households in this County. Renters make up 18.87 percent of the population living in Izard County.

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

There are an estimated housing units in the Izard County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Izard County, Arkansas, there are 1.03 rental units.

What is the vacancy rate for rentals in Izard County?

The rental vacancy rate in Izard 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 Izard County for each bedroom size?

Occupied Rental Units by Size in Izard County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
15 253 493 225 117
Occupied Rental Units by Size in Izard County

A large number of apartments in Izard County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Izard County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,148. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $683
Two BR $814
Three BR $1,075
Four BR $1,148
2024 Fair Market Rents in Izard County, Arkansas

How many units are rented at Fair Market Rent (FMR) in Izard 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 15 100 percent
One BR 163 64 percent
Two BR 312 63 percent
Rental Units Below FMR in Izard County, Arkansas

How many affordable rental units are in Izard County?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Izard County, Arkansas

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

Income Based Apartments in Izard County, Arkansas

Izard County features 169 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 Izard County, Arkansas

There are 21 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Izard County.

Housing Choice Vouchers in Izard County, Arkansas

On average, Section 8 Housing Choice vouchers pay Izard County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Izard County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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