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

Discover affordable housing in Lambert where there are 7+ 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.

Lambert Elderly Housing

Eldorado St, Lambert, Mississippi 38643

Lambert Square Lp CO J and a Mgmt

11th St, Lambert, Mississippi 38643

Sunset Villas

PO Box 335, Lambert, Mississippi 38643

Lambert Community Housing

1120 11th St, Lambert, Mississippi 38643

Carl Brown Estates

Hwy 3, Lambert, Mississippi 38643

Lambert Square Apartments

33 Lambert Sq, Lambert, Mississippi 38643

James E Taper Estates

1120 Rice St, Lambert, Mississippi 0

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

How many renters live in Lambert, Mississippi?

The City of Lambert has 1,074 people living in 558 households.

There are 639 renters living in 309 renter households in this City. Renters make up 59.5 percent of the population living in Lambert.

What is the rental market like in Lambert, Mississippi?

There are an estimated 662 housing units in the Lambert area. Of these, 337 units are rental homes, making up 51 percent of the housing market. For every renter household in Lambert, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Lambert?

The rental vacancy rate in Lambert is 8 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 Lambert for each bedroom size?

Occupied Rental Units by Size in Lambert
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
45 2 84 161 17
Occupied Rental Units by Size in Lambert

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

Among renter households in this market, 25 percent have housing cost burden. Further, 13 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 Lambert

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $683 to $1,532. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $683
One BR $687
Two BR $903
Three BR $1,203
Four BR $1,532
2024 Fair Market Rents in Lambert, Mississippi

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

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 45 100 percent
One BR 2 100 percent
Two BR 64 76 percent
Rental Units Below FMR in Lambert, Mississippi

How many affordable rental units are in Lambert?

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

Federal Program Unit Count
Low Income Housing Tax Credit 81
Tracked Units by Federal Program in Lambert, Mississippi

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

Income Based Apartments in Lambert, Mississippi

Lambert features 104 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 Lambert, Mississippi

There are 114 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lambert.

Housing Choice Vouchers in Lambert, Mississippi

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.