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

Discover affordable housing in Prentiss where there are 2+ 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.

Sweet Beulah Garden Apartments

10 Beulah Garden Ln S, Prentiss, Mississippi 39474

Palmetto Estates

Hwy 42 N, Prentiss, Mississippi 39474

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Prentiss, 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 Prentiss, Mississippi Affordable Housing ↓

How many renters live in Prentiss, Mississippi?

The City of Prentiss has 985 people living in 367 households.

There are 307 renters living in 138 renter households in this City. Renters make up 31.17 percent of the population living in Prentiss.

What is the rental market like in Prentiss, Mississippi?

There are an estimated 526 housing units in the Prentiss area. Of these, 146 units are rental homes, making up 28 percent of the housing market. For every renter household in Prentiss, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Prentiss?

The rental vacancy rate in Prentiss is 5 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 Prentiss for each bedroom size?

Occupied Rental Units by Size in Prentiss
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 21 49 68 0
Occupied Rental Units by Size in Prentiss

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

Among renter households in this market, 67 percent have housing cost burden. Further, 39 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 Prentiss

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $738 to $1,219. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $738
One BR $742
Two BR $903
Three BR $1,199
Four BR $1,219
2024 Fair Market Rents in Prentiss, Mississippi

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

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 21 100 percent
Two BR 40 82 percent
Rental Units Below FMR in Prentiss, Mississippi

How many affordable rental units are in Prentiss?

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

Federal Program Unit Count
Section 202 Supportive Housing for the Elderly 18
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Prentiss, Mississippi

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

Income Based Apartments in Prentiss, Mississippi

Prentiss features 66 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 Prentiss, Mississippi

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

Housing Choice Vouchers in Prentiss, Mississippi

On average, Section 8 Housing Choice vouchers pay Prentiss landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Prentiss.

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

Sourced from federal housing data and AffordableHousingOnline.com research.