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

Discover affordable housing in Gerald where there are 1+ 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.

Gerald Apartments

501 N Main St, Gerald, Missouri 63037

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Gerald, Missouri
$22.90/hour
$10.60 (+86%) more than Missouri minimum wage and $15.65 (+216%) more than the Federal minimum wage.
Learn More About Gerald, Missouri Affordable Housing ↓

What HUD offices serve Gerald, 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), Homeownership Voucher, Mainstream Voucher programs for Gerald, Missouri.

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

How many renters live in Gerald, Missouri?

The City of Gerald has 1,197 people living in 466 households.

There are 297 renters living in 137 renter households in this City. Renters make up 24.81 percent of the population living in Gerald.

What is the rental market like in Gerald, Missouri?

There are an estimated 563 housing units in the Gerald area. Of these, 157 units are rental homes, making up 28 percent of the housing market. For every renter household in Gerald, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Gerald?

The rental vacancy rate in Gerald is 13 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 Gerald for each bedroom size?

Occupied Rental Units by Size in Gerald
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 34 69 34 0
Occupied Rental Units by Size in Gerald

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

Among renter households in this market, 28 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 Gerald

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $928 to $1,818. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $928
One BR $972
Two BR $1,209
Three BR $1,565
Four BR $1,818
2024 Fair Market Rents in Gerald, Missouri

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

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
One BR 34 100 percent
Two BR 59 86 percent
Rental Units Below FMR in Gerald, Missouri

How many affordable rental units are in Gerald?

Income Based Apartments in Gerald, Missouri

Gerald features 0 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 Gerald, Missouri

There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gerald.

Housing Choice Vouchers in Gerald, Missouri

On average, Section 8 Housing Choice vouchers pay Gerald landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Gerald.

The maximum amount a voucher would pay on behalf of a low-income tenant in Gerald, Missouri for a two-bedroom apartment is between $1,088 and $1,330.

Sourced from federal housing data and AffordableHousingOnline.com research.