Low Income Apartments and Affordable Housing For Rent in Holts Summit, MO

Discover affordable housing in Holts Summit where there are 3+ 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.

Hunter Lane Apartments

137 Hunter Ln, Holts Summit, Missouri 65043

Callaway Villa

211 W Simon Blvd, Holts Summit, Missouri 65043

Greenway Village In

376 S Summit Dr, Holts Summit, Missouri

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Holts Summit, Missouri
$17.75/hour
$5.45 (+44%) more than Missouri minimum wage and $10.50 (+145%) more than the Federal minimum wage.
Learn More About Holts Summit, Missouri Affordable Housing ↓

How many renters live in Holts Summit, Missouri?

The City of Holts Summit has 4,499 people living in 1,626 households.

There are 1,373 renters living in 436 renter households in this City. Renters make up 30.52 percent of the population living in Holts Summit.

What is the rental market like in Holts Summit, Missouri?

There are an estimated 1,874 housing units in the Holts Summit area. Of these, 478 units are rental homes, making up 26 percent of the housing market. For every renter household in Holts Summit, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Holts Summit?

The rental vacancy rate in Holts Summit is 9 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 Holts Summit for each bedroom size?

Occupied Rental Units by Size in Holts Summit
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 170 255 11
Occupied Rental Units by Size in Holts Summit

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

Among renter households in this market, 36 percent have housing cost burden. Further, 13 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 Holts Summit

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $708 to $1,380. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $708
One BR $713
Two BR $937
Three BR $1,133
Four BR $1,380
2024 Fair Market Rents in Holts Summit, Missouri

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

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
Two BR 119 70 percent
Rental Units Below FMR in Holts Summit, Missouri

How many affordable rental units are in Holts Summit?

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

Federal Program Unit Count
Low Income Housing Tax Credit 48
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Holts Summit, Missouri

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

Income Based Apartments in Holts Summit, Missouri

Holts Summit features 33 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 Holts Summit, Missouri

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Holts Summit.

Housing Choice Vouchers in Holts Summit, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Holts Summit, Missouri for a two-bedroom apartment is between $843 and $1,031.

Sourced from federal housing data and AffordableHousingOnline.com research.