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

Discover affordable housing in Lafayette 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.

Bradley Manor

111 Woodruff St, Bradley, Arkansas 71826

Birchwood Apartments

2518 Spruce St, Lewisville, Arkansas 71845

Gardenview Apartments

527 S Maple St, Lewisville, Arkansas 71845

Edgewood Apartments - Lewisville

501 S Maple St, Lewisville, Arkansas 71845

Bradley, City Of

417 Woodruff St, Bradley, Arkansas 71826

Rainbow of Challenges Homes of Bradley

403 W Seventh St, Bradley, Arkansas 71826

Lafayette Square Apts

1554 Lafayette Dr, Stamps, Arkansas

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

What HUD offices serve Lafayette 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) programs for Lafayette County, Arkansas.

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

How many renters live in Lafayette County, Arkansas?

The County of Lafayette County has 6,277 people living in 2,547 households.

There are 1,510 renters living in 587 renter households in this County. Renters make up 24.06 percent of the population living in Lafayette County.

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

There are an estimated 3,948 housing units in the Lafayette County area. Of these, 635 units are rental homes, making up 16 percent of the housing market. For every renter household in Lafayette County, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Lafayette County?

The rental vacancy rate in Lafayette County is 8 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 Lafayette County for each bedroom size?

Occupied Rental Units by Size in Lafayette County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
66 79 168 235 39
Occupied Rental Units by Size in Lafayette County

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

Among renter households in this market, 23 percent have housing cost burden. Further, 4 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 Lafayette 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 $620
Two BR $814
Three BR $984
Four BR $1,148
2024 Fair Market Rents in Lafayette County, Arkansas

How many units are rented at Fair Market Rent (FMR) in Lafayette 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 44 67 percent
One BR 22 28 percent
Two BR 80 48 percent
Rental Units Below FMR in Lafayette County, Arkansas

How many affordable rental units are in Lafayette County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 141
Section 8 Project-Based Rental Assistance 1
Section 811 Supportive Housing for Persons with Disabilities 9
USDA Section 515 Rural Rental Housing 103
Tracked Units by Federal Program in Lafayette County, Arkansas

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

Income Based Apartments in Lafayette County, Arkansas

Lafayette County features 113 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 Lafayette County, Arkansas

There are 44 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lafayette County.

Housing Choice Vouchers in Lafayette County, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.