Low Income Apartments and Affordable Housing For Rent in Collins, MS

Discover affordable housing in Collins where there are 6+ 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.

Windwood Manor

2799 Highway 49, Collins, Mississippi 39428

Collinwood Estates

150 Applewhite Loop, Collins, Mississippi 39428

The Meadows Apartments

300 Rebecca Rd, Collins, Mississippi 39428

Magnolia Heights Apartments

310 Venus St, Collins, Mississippi 39428

Collins Apartments

Rebecca Rd, Collins, Mississippi 39428

New Hopewell 93

PO Box 2485, Collins, Mississippi 39428

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Collins, Mississippi
$17.10/hour
$9.85 (+136%) more than Mississippi minimum wage and $9.85 (+136%) more than the Federal minimum wage.
Learn More About Collins, Mississippi Affordable Housing ↓

What HUD offices serve Collins, Mississippi?

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), Section 8 Project-Based Voucher (PBV), Rental Assistance Demonstration (RAD) programs for Collins, Mississippi.

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

How many renters live in Collins, Mississippi?

The City of Collins has 2,270 people living in 845 households.

There are 897 renters living in 373 renter households in this City. Renters make up 39.52 percent of the population living in Collins.

What is the rental market like in Collins, Mississippi?

There are an estimated 1,000 housing units in the Collins area. Of these, 373 units are rental homes, making up 37 percent of the housing market. For every renter household in Collins, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Collins?

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

Occupied Rental Units by Size in Collins
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
14 72 49 205 14
Occupied Rental Units by Size in Collins

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

Among renter households in this market, 33 percent have housing cost burden. Further, 17 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 Collins

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $614 to $1,215. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $614
One BR $749
Two BR $903
Three BR $1,210
Four BR $1,215
2024 Fair Market Rents in Collins, Mississippi

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

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 0 100 percent
One BR 55 76 percent
Two BR 19 39 percent
Rental Units Below FMR in Collins, Mississippi

How many affordable rental units are in Collins?

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

Federal Program Unit Count
Low Income Housing Tax Credit 125
Section 8 Project-Based Rental Assistance 24
USDA Section 515 Rural Rental Housing 110
Tracked Units by Federal Program in Collins, Mississippi

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

Income Based Apartments in Collins, Mississippi

Collins features 110 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 Collins, Mississippi

There are 52 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Collins.

Housing Choice Vouchers in Collins, Mississippi

On average, Section 8 Housing Choice vouchers pay Collins landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Collins.

The maximum amount a voucher would pay on behalf of a low-income tenant in Collins, Mississippi for a two-bedroom apartment is between $813 and $993.

Sourced from federal housing data and AffordableHousingOnline.com research.