Low Income Apartments and Affordable Housing For Rent in St Rose, LA

Discover affordable housing in St Rose 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.

Steamboat Cove Apartments

3 Summerton Dr, St Rose, Louisiana 70087

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In St Rose, 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 St Rose, Louisiana Affordable Housing ↓

What HUD offices serve St Rose, 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for St Rose, Louisiana.

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

How many renters live in St Rose, Louisiana?

The City of St Rose has 7,469 people living in 2,675 households.

There are 1,067 renters living in 608 renter households in this City. Renters make up 14.29 percent of the population living in St Rose.

What is the rental market like in St Rose, Louisiana?

There are an estimated 2,954 housing units in the St Rose area. Of these, 634 units are rental homes, making up 21 percent of the housing market. For every renter household in St Rose, Louisiana, there are 1 rental units.

What is the vacancy rate for rentals in St Rose?

The rental vacancy rate in St Rose 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 St Rose for each bedroom size?

Occupied Rental Units by Size in St Rose
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
189 204 64 75 67
Occupied Rental Units by Size in St Rose

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

Among renter households in this market, 51 percent have housing cost burden. Further, 38 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 St Rose

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $615 to $1,231. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $615
One BR $679
Two BR $822
Three BR $1,043
Four BR $1,231
2024 Fair Market Rents in St Rose, Louisiana

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

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 149 79 percent
One BR 204 100 percent
Two BR 37 58 percent
Rental Units Below FMR in St Rose, Louisiana

How many affordable rental units are in St Rose?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
USDA Section 515 Rural Rental Housing 72
Tracked Units by Federal Program in St Rose, Louisiana

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

Income Based Apartments in St Rose, Louisiana

St Rose features 24 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 St Rose, Louisiana

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

Housing Choice Vouchers in St Rose, Louisiana

On average, Section 8 Housing Choice vouchers pay St Rose landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in St Rose.

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

Sourced from federal housing data and AffordableHousingOnline.com research.