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

Discover affordable housing in Monette 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.

Christopher Homes of Monette

300 W Gann St, Monette, Arkansas 0

Monette

401 S Williams St, Monette, Arkansas 72447

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Monette, Arkansas
$17.73/hour
$6.73 (+61%) more than Arkansas minimum wage and $10.48 (+145%) more than the Federal minimum wage.
Learn More About Monette, Arkansas Affordable Housing ↓

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

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

How many renters live in Monette, Arkansas?

The City of Monette has 1,346 people living in 583 households.

There are 384 renters living in 198 renter households in this City. Renters make up 28.53 percent of the population living in Monette.

What is the rental market like in Monette, Arkansas?

There are an estimated 689 housing units in the Monette area. Of these, 198 units are rental homes, making up 29 percent of the housing market. For every renter household in Monette, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Monette?

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

Occupied Rental Units by Size in Monette
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
26 74 57 29 12
Occupied Rental Units by Size in Monette

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

Among renter households in this market, 22 percent have housing cost burden. Further, 8 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 Monette

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $634 to $1,560. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $634
One BR $767
Two BR $936
Three BR $1,226
Four BR $1,560
2024 Fair Market Rents in Monette, Arkansas

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

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 14 54 percent
One BR 74 100 percent
Two BR 49 86 percent
Rental Units Below FMR in Monette, Arkansas

How many affordable rental units are in Monette?

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

Federal Program Unit Count
Public Housing 48
Section 202 Supportive Housing for the Elderly 20
Tracked Units by Federal Program in Monette, Arkansas

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

Income Based Apartments in Monette, Arkansas

Monette features 68 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 Monette, Arkansas

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

Housing Choice Vouchers in Monette, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Monette, Arkansas for a two-bedroom apartment is between $842 and $1,030.

Sourced from federal housing data and AffordableHousingOnline.com research.