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

Discover affordable housing in Reserve 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.

Willow Ridge Apartments

5015 Worth W 3rd St, Reserve, Louisiana 0

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Reserve, Louisiana
$25.80/hour
$18.55 (+256%) more than Louisiana minimum wage and $18.55 (+256%) more than the Federal minimum wage.
Learn More About Reserve, Louisiana Affordable Housing ↓

What HUD offices serve Reserve, 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, Section 8 Project-Based Voucher (PBV) programs for Reserve, Louisiana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Reserve, Louisiana.

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

How many renters live in Reserve, Louisiana?

The City of Reserve has 8,012 people living in 3,021 households.

There are 1,734 renters living in 811 renter households in this City. Renters make up 21.64 percent of the population living in Reserve.

What is the rental market like in Reserve, Louisiana?

There are an estimated 3,856 housing units in the Reserve area. Of these, 998 units are rental homes, making up 26 percent of the housing market. For every renter household in Reserve, Louisiana, there are 1 rental units.

What is the vacancy rate for rentals in Reserve?

The rental vacancy rate in Reserve is 19 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 Reserve for each bedroom size?

Occupied Rental Units by Size in Reserve
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 51 303 388 69
Occupied Rental Units by Size in Reserve

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

Among renter households in this market, 26 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 Reserve

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $986 to $2,039. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $986
One BR $1,149
Two BR $1,362
Three BR $1,750
Four BR $2,039
2024 Fair Market Rents in Reserve, Louisiana

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

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 21 41 percent
Two BR 255 84 percent
Rental Units Below FMR in Reserve, Louisiana

How many affordable rental units are in Reserve?

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

Federal Program Unit Count
Low Income Housing Tax Credit 32
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Reserve, Louisiana

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

Income Based Apartments in Reserve, Louisiana

Reserve features 32 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 Reserve, Louisiana

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

Housing Choice Vouchers in Reserve, Louisiana

On average, Section 8 Housing Choice vouchers pay Reserve landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Reserve.

The maximum amount a voucher would pay on behalf of a low-income tenant in Reserve, Louisiana for a two-bedroom apartment is between $1,226 and $1,498.

Sourced from federal housing data and AffordableHousingOnline.com research.