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

Discover affordable housing in Bolivar where there are 15+ 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.

Frisco Senior Village

700 S Oakland Ave, Bolivar, Missouri 65613

Oak Grove Heights Apartments

1855 E Division St, Bolivar, Missouri 65613

Apple Village I Apartments

719 Idaho St, Bolivar, Missouri 65613

Apple Village II Apartments

219 W South St, Bolivar, Missouri 65613

Ashton Heights Apartments

910 E Lindon St, Bolivar, Missouri 65613

Bolivar Fields Apartments

1855 S Lillian Ave, Bolivar, Missouri 65613

Garden Villas Apartments

2255 S Pike Ave, Bolivar, Missouri 65613

Aldrich Creek

1800 S. Baron Dr, Bolivar, Missouri 65613

Garden Villas Apartments Lp

Maple and Pike, Bolivar, Missouri 65613

Bolivar Plaza Apartments

400 Maple St, Bolivar, Missouri 65613

Bolivar Heights Apartments, Bldgs.

1855 E Division St, Bolivar, Missouri 65613

Simon Place

2020 Mesa Dr, Bolivar, Missouri 65613

Monarch Estates

1000 E Walnut St, Bolivar, Missouri 65613

Rose Park Estates

403 East Summit Street, Bolivar, Missouri 65613

Southtown

1860 S Hartford Ave, Bolivar, Missouri 65613

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bolivar, Missouri
$15.09/hour
$2.79 (+23%) more than Missouri minimum wage and $7.84 (+108%) more than the Federal minimum wage.
Learn More About Bolivar, Missouri Affordable Housing ↓

What HUD offices serve Bolivar, 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) programs for Bolivar, Missouri.

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

How many renters live in Bolivar, Missouri?

The City of Bolivar has 10,780 people living in 3,926 households.

There are 4,162 renters living in 1,726 renter households in this City. Renters make up 38.61 percent of the population living in Bolivar.

What is the rental market like in Bolivar, Missouri?

There are an estimated 4,358 housing units in the Bolivar area. Of these, 1,876 units are rental homes, making up 43 percent of the housing market. For every renter household in Bolivar, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Bolivar?

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

Occupied Rental Units by Size in Bolivar
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
41 346 720 566 39
Occupied Rental Units by Size in Bolivar

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

Among renter households in this market, 59 percent have housing cost burden. Further, 18 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 Bolivar

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $638 to $1,285. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $638
One BR $642
Two BR $797
Three BR $1,090
Four BR $1,285
2024 Fair Market Rents in Bolivar, Missouri

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

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 28 68 percent
One BR 232 67 percent
Two BR 474 66 percent
Rental Units Below FMR in Bolivar, Missouri

How many affordable rental units are in Bolivar?

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

Federal Program Unit Count
Low Income Housing Tax Credit 347
USDA Section 515 Rural Rental Housing 183
Tracked Units by Federal Program in Bolivar, Missouri

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

Income Based Apartments in Bolivar, Missouri

Bolivar features 142 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 Bolivar, Missouri

There are 287 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bolivar.

Housing Choice Vouchers in Bolivar, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bolivar, Missouri for a two-bedroom apartment is between $717 and $877.

Sourced from federal housing data and AffordableHousingOnline.com research.