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

Discover affordable housing in Granby 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.

Twin Oaks Apts

199 Twin Oaks Dr, Granby, Missouri

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Granby, Missouri
$17.48/hour
$5.18 (+42%) more than Missouri minimum wage and $10.23 (+141%) more than the Federal minimum wage.
Learn More About Granby, Missouri Affordable Housing ↓

How many renters live in Granby, Missouri?

The City of Granby has 2,274 people living in 837 households.

There are 590 renters living in 280 renter households in this City. Renters make up 25.95 percent of the population living in Granby.

What is the rental market like in Granby, Missouri?

There are an estimated 1,043 housing units in the Granby area. Of these, 300 units are rental homes, making up 29 percent of the housing market. For every renter household in Granby, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Granby?

The rental vacancy rate in Granby is 7 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 Granby for each bedroom size?

Occupied Rental Units by Size in Granby
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
7 72 79 104 6
Occupied Rental Units by Size in Granby

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

Among renter households in this market, 40 percent have housing cost burden. Further, 29 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 Granby

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $722 to $1,268. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $722
One BR $741
Two BR $923
Three BR $1,177
Four BR $1,268
2024 Fair Market Rents in Granby, Missouri

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

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 7 100 percent
One BR 65 90 percent
Two BR 45 57 percent
Rental Units Below FMR in Granby, Missouri

How many affordable rental units are in Granby?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Granby, Missouri

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

Income Based Apartments in Granby, Missouri

Granby features 20 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 Granby, Missouri

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Granby.

Housing Choice Vouchers in Granby, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Granby, Missouri for a two-bedroom apartment is between $831 and $1,015.

Sourced from federal housing data and AffordableHousingOnline.com research.