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

Discover affordable housing in Boonville where there are 9+ 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.

Village Meadow

1400 Village Drive , Boonville, Missouri 65233

Boonville Estates

380 Boone Village Dr, Boonville, Missouri 65233

Kemper Village Homes

385 W Ashley Rd, Boonville, Missouri 65233

Booneville

908 High St, Boonville, Missouri 65233

Rankin Mill Apartments

2240 Rankin Mill Ln, Boonville, Missouri 65233

Boonslick Residential Services, Inc

440 Boone Village Dr, Boonville, Missouri 65233

Village Assoc of Boonville II

400 Boone Village Dr, Boonville, Missouri

Village Assoc of Boonville I

400 Boone Village Dr, Boonville, Missouri

Hamilton Brown Apartments

300 1st St, Boonville, Missouri 0

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Boonville, Missouri
$15.51/hour
$3.21 (+26%) more than Missouri minimum wage and $8.26 (+114%) more than the Federal minimum wage.
Learn More About Boonville, Missouri Affordable Housing ↓

What HUD offices serve Boonville, 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 Public Housing programs for Boonville, Missouri.

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

How many renters live in Boonville, Missouri?

The City of Boonville has 7,725 people living in 2,653 households.

There are 1,773 renters living in 811 renter households in this City. Renters make up 22.95 percent of the population living in Boonville.

What is the rental market like in Boonville, Missouri?

There are an estimated 3,243 housing units in the Boonville area. Of these, 840 units are rental homes, making up 26 percent of the housing market. For every renter household in Boonville, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Boonville?

The rental vacancy rate in Boonville is 3 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 Boonville for each bedroom size?

Occupied Rental Units by Size in Boonville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
33 179 340 172 77
Occupied Rental Units by Size in Boonville

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

Among renter households in this market, 41 percent have housing cost burden. Further, 19 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 Boonville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $555 to $1,390. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $555
One BR $628
Two BR $819
Three BR $1,042
Four BR $1,390
2024 Fair Market Rents in Boonville, Missouri

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

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 14 42 percent
One BR 111 62 percent
Two BR 203 60 percent
Rental Units Below FMR in Boonville, Missouri

How many affordable rental units are in Boonville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 136
Public Housing 50
Section 8 Project-Based Rental Assistance 67
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Boonville, Missouri

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

Income Based Apartments in Boonville, Missouri

Boonville features 195 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 Boonville, Missouri

There are 127 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boonville.

Housing Choice Vouchers in Boonville, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Boonville, Missouri for a two-bedroom apartment is between $737 and $901.

Sourced from federal housing data and AffordableHousingOnline.com research.