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

Discover affordable housing in Paris where there are 5+ 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.

Mountain View Villas

300 Kalamazoo Rd, Paris, Arkansas 72855

Paris

101 Logan Dr, Paris, Arkansas 72855

Paris Rural Rental Housing

1125 S 3rd St, Paris, Arkansas 72855

Heritage Village of Paris

101 E Academy St, Paris, Arkansas 72855

Gardenwalk of Paris

1216 East Short Mtn. Road, Paris, Arkansas

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

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

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

How many renters live in Paris, Arkansas?

The City of Paris has 3,214 people living in 1,525 households.

There are 1,124 renters living in 581 renter households in this City. Renters make up 34.97 percent of the population living in Paris.

What is the rental market like in Paris, Arkansas?

There are an estimated 1,630 housing units in the Paris area. Of these, 581 units are rental homes, making up 36 percent of the housing market. For every renter household in Paris, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Paris?

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

Occupied Rental Units by Size in Paris
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
15 99 276 174 17
Occupied Rental Units by Size in Paris

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

Among renter households in this market, 41 percent have housing cost burden. Further, 28 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 Paris

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $563 to $1,218. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $563
One BR $725
Two BR $814
Three BR $1,139
Four BR $1,218
2024 Fair Market Rents in Paris, Arkansas

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

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 94 95 percent
Two BR 265 96 percent
Rental Units Below FMR in Paris, Arkansas

How many affordable rental units are in Paris?

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

Federal Program Unit Count
Low Income Housing Tax Credit 32
Public Housing 56
Section 8 Project-Based Rental Assistance 44
USDA Section 515 Rural Rental Housing 68
Tracked Units by Federal Program in Paris, Arkansas

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

Income Based Apartments in Paris, Arkansas

Paris features 144 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 Paris, Arkansas

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

Housing Choice Vouchers in Paris, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.