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

Discover affordable housing in Farmington 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.

Heritage Meadows

601 Heritage Meadows Dr, Farmington, Missouri 63640

Pine Ridge Apartments

230 West Pine Street , Farmington, Missouri 63640

Farm Villas

739 Hillsboro Rd, Farmington, Missouri 63640

Birch Tree Apartments

1 Birch Tree, Farmington, Missouri 63640

Orchard View Apartments

1300 Hazel Ln, Farmington, Missouri 63640

Farmington Senior Apartments

605 Chadwick Ct, Farmington, Missouri 63640

Ben Nor Apts Inc

800 East Liberty St, Farmington, Missouri

Old Frederick Town Road

Old Frederick Town Rd, Farmington, Missouri 63640

Countryside Estates II

95 Hawthorne Dr, Farmington, Missouri 0

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

What HUD offices serve Farmington, 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 Farmington, Missouri.

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

How many renters live in Farmington, Missouri?

The City of Farmington has 17,859 people living in 6,205 households.

There are 6,669 renters living in 2,892 renter households in this City. Renters make up 37.34 percent of the population living in Farmington.

What is the rental market like in Farmington, Missouri?

There are an estimated 6,972 housing units in the Farmington area. Of these, 2,989 units are rental homes, making up 43 percent of the housing market. For every renter household in Farmington, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Farmington?

The rental vacancy rate in Farmington is 1 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 Farmington for each bedroom size?

Occupied Rental Units by Size in Farmington
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
171 307 1,628 552 205
Occupied Rental Units by Size in Farmington

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

Among renter households in this market, 40 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 Farmington

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $617 to $1,122. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $617
One BR $623
Two BR $819
Three BR $1,117
Four BR $1,122
2024 Fair Market Rents in Farmington, Missouri

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

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 86 50 percent
One BR 178 58 percent
Two BR 720 44 percent
Rental Units Below FMR in Farmington, Missouri

How many affordable rental units are in Farmington?

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

Federal Program Unit Count
Low Income Housing Tax Credit 370
Section 811 Supportive Housing for Persons with Disabilities 14
USDA Section 515 Rural Rental Housing 144
Tracked Units by Federal Program in Farmington, Missouri

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

Income Based Apartments in Farmington, Missouri

Farmington features 144 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 Farmington, Missouri

There are 302 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Farmington.

Housing Choice Vouchers in Farmington, Missouri

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.