Low Income Apartments and Affordable Housing For Rent in Marksville, LA

Discover affordable housing in Marksville where there are 7+ 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.

Marksville Square Apartments

743 Cannon St, Marksville, Louisiana 71351

Richardson Place II

238 Seth Davis Dr., Marksville, Louisiana 71351

Richardson Place I

108 Seth Davis Dr., Marksville, Louisiana 71351

Old River Apartments

700 Vieux Carre Ext, Marksville, Louisiana 71351

Marksville Senior Village Apartments

1404 S Main St, Marksville, Louisiana 71351

V B Apartments

720 Addison St, Marksville, Louisiana 71351

N S Hillside Drive

121 N Hillside Dr, Marksville, Louisiana 71351

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Marksville, Louisiana
$16.21/hour
$8.96 (+124%) more than Louisiana minimum wage and $8.96 (+124%) more than the Federal minimum wage.
Learn More About Marksville, Louisiana Affordable Housing ↓

What HUD offices serve Marksville, Louisiana?

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 Marksville, Louisiana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Marksville, Louisiana.

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

How many renters live in Marksville, Louisiana?

The City of Marksville has 5,034 people living in 1,975 households.

There are 1,645 renters living in 755 renter households in this City. Renters make up 32.68 percent of the population living in Marksville.

What is the rental market like in Marksville, Louisiana?

There are an estimated 2,333 housing units in the Marksville area. Of these, 854 units are rental homes, making up 37 percent of the housing market. For every renter household in Marksville, Louisiana, there are 1 rental units.

What is the vacancy rate for rentals in Marksville?

The rental vacancy rate in Marksville is 12 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Marksville for each bedroom size?

Occupied Rental Units by Size in Marksville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 179 440 136 0
Occupied Rental Units by Size in Marksville

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

Among renter households in this market, 43 percent have housing cost burden. Further, 25 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 Marksville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $641 to $1,241. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $641
One BR $651
Two BR $856
Three BR $1,095
Four BR $1,241
2024 Fair Market Rents in Marksville, Louisiana

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

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 99 55 percent
Two BR 335 76 percent
Rental Units Below FMR in Marksville, Louisiana

How many affordable rental units are in Marksville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 137
Public Housing 168
USDA Section 515 Rural Rental Housing 133
Tracked Units by Federal Program in Marksville, Louisiana

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

Income Based Apartments in Marksville, Louisiana

Marksville features 284 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 Marksville, Louisiana

There are 50 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marksville.

Housing Choice Vouchers in Marksville, Louisiana

On average, Section 8 Housing Choice vouchers pay Marksville landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Marksville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Marksville, Louisiana for a two-bedroom apartment is between $770 and $942.

Sourced from federal housing data and AffordableHousingOnline.com research.