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

Discover affordable housing in Imperial 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.

Lakewood Apartments

5200 Lakewood Ter, Imperial, Missouri 63052

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

What HUD offices serve Imperial, 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 Imperial, Missouri.

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

How many renters live in Imperial, Missouri?

The City of Imperial has 5,385 people living in 1,931 households.

There are 506 renters living in 239 renter households in this City. Renters make up 9.4 percent of the population living in Imperial.

What is the rental market like in Imperial, Missouri?

There are an estimated 2,034 housing units in the Imperial area. Of these, 239 units are rental homes, making up 12 percent of the housing market. For every renter household in Imperial, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Imperial?

The rental vacancy rate in Imperial is 0 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 Imperial for each bedroom size?

Occupied Rental Units by Size in Imperial
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 32 114 52 0
Occupied Rental Units by Size in Imperial

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

Among renter households in this market, 54 percent have housing cost burden. Further, 22 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 Imperial

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 Imperial, Missouri

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

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 22 69 percent
Two BR 48 42 percent
Rental Units Below FMR in Imperial, Missouri

How many affordable rental units are in Imperial?

Income Based Apartments in Imperial, Missouri

Imperial 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 Imperial, Missouri

There are 312 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Imperial.

Housing Choice Vouchers in Imperial, Missouri

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.