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

Discover affordable housing in Sikeston where there are 9+ 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.

Scott Manor Apartments

803 West Gladys Street, Sikeston, Missouri 63801

Wendell Apartments

101 Cresap St, Sikeston, Missouri 63801

Kathleen Manor Apartments

107 W Kathleen St, Sikeston, Missouri 63801

Sikeston Apartments I

118 N 2nd St, Sikeston, Missouri 63801

Sikeston

104 Cardinal St, Sikeston, Missouri 63801

Missouri

Cole St, Sikeston, Missouri 63801

Morehouse

6 Dillon St, Sikeston, Missouri 63801

Westridge Senior Apartments

316 John R Malone Ave, Sikeston, Missouri 63801

126 South New Madrid St

126 N New Madrid St, Sikeston, Missouri 63801

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 Sikeston, Missouri
$16.38/hour
$4.08 (+33%) more than Missouri minimum wage and $9.13 (+126%) more than the Federal minimum wage.
Learn More About Sikeston, Missouri Affordable Housing ↓

What HUD offices serve Sikeston, Missouri?

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 Sikeston, Missouri.

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

How many renters live in Sikeston, Missouri?

The City of Sikeston has 16,146 people living in 6,836 households.

There are 6,292 renters living in 2,765 renter households in this City. Renters make up 38.97 percent of the population living in Sikeston.

What is the rental market like in Sikeston, Missouri?

There are an estimated 7,579 housing units in the Sikeston area. Of these, 3,121 units are rental homes, making up 41 percent of the housing market. For every renter household in Sikeston, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Sikeston?

The rental vacancy rate in Sikeston is 11 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 Sikeston for each bedroom size?

Occupied Rental Units by Size in Sikeston
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
51 396 1,484 808 11
Occupied Rental Units by Size in Sikeston

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

Among renter households in this market, 46 percent have housing cost burden. Further, 30 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 Sikeston

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $629 to $1,111. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $629
One BR $635
Two BR $834
Three BR $1,008
Four BR $1,111
2024 Fair Market Rents in Sikeston, Missouri

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

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 51 100 percent
One BR 282 71 percent
Two BR 684 46 percent
Rental Units Below FMR in Sikeston, Missouri

How many affordable rental units are in Sikeston?

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

Federal Program Unit Count
Low Income Housing Tax Credit 141
Public Housing 231
Section 8 Project-Based Rental Assistance 205
USDA Section 515 Rural Rental Housing 52
Tracked Units by Federal Program in Sikeston, Missouri

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

Income Based Apartments in Sikeston, Missouri

Sikeston features 464 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 Sikeston, Missouri

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sikeston.

Housing Choice Vouchers in Sikeston, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Sikeston, Missouri for a two-bedroom apartment is between $779 and $952.

Sourced from federal housing data and AffordableHousingOnline.com research.