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

Discover affordable housing in Leachville 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.

Leachville Estates Apartments

400 E 7th St, Leachville, Arkansas 72438

Leachville

305 Ada St, Leachville, Arkansas 72438

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

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

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

How many renters live in Leachville, Arkansas?

The City of Leachville has 2,132 people living in 833 households.

There are 819 renters living in 288 renter households in this City. Renters make up 38.41 percent of the population living in Leachville.

What is the rental market like in Leachville, Arkansas?

There are an estimated 942 housing units in the Leachville area. Of these, 288 units are rental homes, making up 31 percent of the housing market. For every renter household in Leachville, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Leachville?

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

Occupied Rental Units by Size in Leachville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
66 35 86 88 0
Occupied Rental Units by Size in Leachville

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

Among renter households in this market, 49 percent have housing cost burden. Further, 21 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 Leachville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $598 to $1,084. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $598
One BR $623
Two BR $814
Three BR $1,080
Four BR $1,084
2024 Fair Market Rents in Leachville, Arkansas

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

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 66 100 percent
One BR 35 100 percent
Two BR 56 65 percent
Rental Units Below FMR in Leachville, Arkansas

How many affordable rental units are in Leachville?

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

Federal Program Unit Count
Public Housing 88
Section 8 Project-Based Rental Assistance 1
Section 202 Supportive Housing for the Elderly 17
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Leachville, Arkansas

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

Income Based Apartments in Leachville, Arkansas

Leachville features 100 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 Leachville, Arkansas

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

Housing Choice Vouchers in Leachville, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.