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

Discover affordable housing in Philadelphia where there are 8+ 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.

Pendleton Square Apartments

1700 Pendleton Sq, Philadelphia, Mississippi 39350

Reunion Court Apartments

1060 Frog Level Ln, Philadelphia, Mississippi 39350

Hillcrest Apartments

Church St, Philadelphia, Mississippi 39350

Nw Phila Apartments

412 Coleman St, Philadelphia, Mississippi 39350

Wells Place II

560 Line St S, Philadelphia, Mississippi 39350

Philadelphia Apartments

305 Pearl Ave, Philadelphia, Mississippi 39350

Silverhill Elderly Housing CO Southern Mgmt Group Inc

111 Saint Francis Dr, Philadelphia, Mississippi 39350

Amp - 2

502 Lamar Cir, Philadelphia, Mississippi 39365

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

What HUD offices serve Philadelphia, 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), Public Housing programs for Philadelphia, Mississippi.

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

How many renters live in Philadelphia, Mississippi?

The City of Philadelphia has 7,065 people living in 2,843 households.

There are 3,056 renters living in 1,117 renter households in this City. Renters make up 43.26 percent of the population living in Philadelphia.

What is the rental market like in Philadelphia, Mississippi?

There are an estimated 3,263 housing units in the Philadelphia area. Of these, 1,213 units are rental homes, making up 37 percent of the housing market. For every renter household in Philadelphia, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Philadelphia?

The rental vacancy rate in Philadelphia is 6 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 Philadelphia for each bedroom size?

Occupied Rental Units by Size in Philadelphia
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
163 133 127 570 114
Occupied Rental Units by Size in Philadelphia

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

Among renter households in this market, 36 percent have housing cost burden. Further, 22 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 Philadelphia

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $775 to $1,406. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $775
One BR $804
Two BR $903
Three BR $1,108
Four BR $1,406
2024 Fair Market Rents in Philadelphia, Mississippi

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

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 81 50 percent
One BR 103 77 percent
Two BR 94 74 percent
Rental Units Below FMR in Philadelphia, Mississippi

How many affordable rental units are in Philadelphia?

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

Federal Program Unit Count
Low Income Housing Tax Credit 244
Public Housing 60
Section 8 Project-Based Rental Assistance 40
USDA Section 515 Rural Rental Housing 97
Tracked Units by Federal Program in Philadelphia, Mississippi

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

Income Based Apartments in Philadelphia, Mississippi

Philadelphia features 355 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 Philadelphia, Mississippi

There are 151 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Philadelphia.

Housing Choice Vouchers in Philadelphia, Mississippi

On average, Section 8 Housing Choice vouchers pay Philadelphia landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Philadelphia.

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

Sourced from federal housing data and AffordableHousingOnline.com research.