Low Income Apartments and Affordable Housing For Rent in Van Buren, AR

Discover affordable housing in Van Buren where there are 11+ 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.

GardenWalk on Elfen Glen Apartments I

1608 Elfen Glen, Van Buren, Arkansas 72956

GardenWalk on 41st Circle

3 S 41st Cir, Van Buren, Arkansas 72956

GardenWalk on Madeline Drive Apartments

2925 Madeline Dr, Van Buren, Arkansas 72956

Summerchase Apartments

1005 N 28th St, Van Buren, Arkansas 72956

Brookstone Heights

2300 Kibler Rd, Van Buren, Arkansas 72956

StoneBrook Park of Van Buren

207 N 38th Street , Van Buren, Arkansas 72956

Van Buren

201 S 18th St, Van Buren, Arkansas 72956

Independent Living II

819 N 28th St, Van Buren, Arkansas 72956

Barlee Properties II ( Vinsett )

800 S 38th St, Van Buren, Arkansas 72956

Ashley Park Apartments

1702 Elfen Glen St, Van Buren, Arkansas 72956

Monark Homes

1507 Mitzi Ln, Van Buren, Arkansas 72956

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Van Buren, Arkansas
$16.88/hour
$5.88 (+53%) more than Arkansas minimum wage and $9.63 (+133%) more than the Federal minimum wage.
Learn More About Van Buren, Arkansas Affordable Housing ↓

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

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

How many renters live in Van Buren, Arkansas?

The City of Van Buren has 23,398 people living in 8,923 households.

There are 7,865 renters living in 3,182 renter households in this City. Renters make up 33.61 percent of the population living in Van Buren.

What is the rental market like in Van Buren, Arkansas?

There are an estimated 9,669 housing units in the Van Buren area. Of these, 3,325 units are rental homes, making up 34 percent of the housing market. For every renter household in Van Buren, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Van Buren?

The rental vacancy rate in Van Buren is 4 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 Van Buren for each bedroom size?

Occupied Rental Units by Size in Van Buren
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
110 486 1,606 874 106
Occupied Rental Units by Size in Van Buren

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

Among renter households in this market, 46 percent have housing cost burden. Further, 18 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 Van Buren

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $674 to $1,437. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $674
One BR $678
Two BR $891
Three BR $1,222
Four BR $1,437
2024 Fair Market Rents in Van Buren, Arkansas

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

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 13 percent
One BR 390 80 percent
Two BR 1,038 65 percent
Rental Units Below FMR in Van Buren, Arkansas

How many affordable rental units are in Van Buren?

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

Federal Program Unit Count
Low Income Housing Tax Credit 574
Public Housing 199
Section 8 Project-Based Rental Assistance 107
USDA Section 515 Rural Rental Housing 193
Tracked Units by Federal Program in Van Buren, Arkansas

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

Income Based Apartments in Van Buren, Arkansas

Van Buren features 404 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 Van Buren, Arkansas

There are 102 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Van Buren.

Housing Choice Vouchers in Van Buren, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Van Buren, Arkansas for a two-bedroom apartment is between $802 and $980.

Sourced from federal housing data and AffordableHousingOnline.com research.