Low Income Apartments and Affordable Housing For Rent in Lamar, MO

Discover affordable housing in Lamar where there are 5+ 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.

Prairie Plains

700 W 8th St, Lamar, Missouri 64759

Lamar Housing

9th and Oak, Lamar, Missouri 64759

Divine Estates

801 E 19th St, Lamar, Missouri 64759

Missouri

600 E 20th St, Lamar, Missouri 64759

Scottsdale

1705 Lexington St, Lamar, Missouri 64759

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lamar, Missouri
$15.09/hour
$2.79 (+23%) more than Missouri minimum wage and $7.84 (+108%) more than the Federal minimum wage.
Learn More About Lamar, Missouri Affordable Housing ↓

How many renters live in Lamar, Missouri?

The City of Lamar has 4,298 people living in 1,676 households.

There are 2,156 renters living in 836 renter households in this City. Renters make up 50.16 percent of the population living in Lamar.

What is the rental market like in Lamar, Missouri?

There are an estimated 1,956 housing units in the Lamar area. Of these, 836 units are rental homes, making up 43 percent of the housing market. For every renter household in Lamar, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Lamar?

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

Occupied Rental Units by Size in Lamar
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 167 262 407 0
Occupied Rental Units by Size in Lamar

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

Among renter households in this market, 62 percent have housing cost burden. Further, 36 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 Lamar

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,310. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $601
One BR $659
Two BR $797
Three BR $1,077
Four BR $1,310
2024 Fair Market Rents in Lamar, Missouri

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

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 105 63 percent
Two BR 159 61 percent
Rental Units Below FMR in Lamar, Missouri

How many affordable rental units are in Lamar?

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

Federal Program Unit Count
Low Income Housing Tax Credit 114
Section 8 Project-Based Rental Assistance 71
USDA Section 515 Rural Rental Housing 19
Tracked Units by Federal Program in Lamar, Missouri

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

Income Based Apartments in Lamar, Missouri

Lamar features 89 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 Lamar, Missouri

There are 64 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lamar.

Housing Choice Vouchers in Lamar, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lamar, Missouri for a two-bedroom apartment is between $717 and $877.

Sourced from federal housing data and AffordableHousingOnline.com research.