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

Discover affordable housing in Ward where there are 1+ 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.

Ward Manor Apartments

204 Campbell St, Ward, Arkansas 72176

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ward, Arkansas
$20.63/hour
$9.63 (+88%) more than Arkansas minimum wage and $13.38 (+184%) more than the Federal minimum wage.
Learn More About Ward, Arkansas Affordable Housing ↓

What HUD offices serve Ward, 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), Public Housing programs for Ward, Arkansas.

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

How many renters live in Ward, Arkansas?

The City of Ward has 6,149 people living in 2,072 households.

There are 2,703 renters living in 801 renter households in this City. Renters make up 43.96 percent of the population living in Ward.

What is the rental market like in Ward, Arkansas?

There are an estimated 2,339 housing units in the Ward area. Of these, 801 units are rental homes, making up 34 percent of the housing market. For every renter household in Ward, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Ward?

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

Occupied Rental Units by Size in Ward
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 12 242 521 26
Occupied Rental Units by Size in Ward

A large number of apartments in Ward 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 Ward 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 Ward

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $944 to $1,717. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $944
One BR $950
Two BR $1,089
Three BR $1,454
Four BR $1,717
2024 Fair Market Rents in Ward, Arkansas

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

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
One BR 12 100 percent
Two BR 242 100 percent
Rental Units Below FMR in Ward, Arkansas

How many affordable rental units are in Ward?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
Public Housing 16
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Ward, Arkansas

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

Income Based Apartments in Ward, Arkansas

Ward features 16 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 Ward, Arkansas

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

Housing Choice Vouchers in Ward, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Ward, Arkansas for a two-bedroom apartment is between $980 and $1,198.

Sourced from federal housing data and AffordableHousingOnline.com research.