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

Discover affordable housing in Kearney where there are 7+ 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.

Eastwood Apartments

255 N Eastwood Ln, Kearney, Missouri 64060

Kearney Apartments

102 W Major St, Kearney, Missouri 64060

Oak Ridge Estates

551 N. Clark St., Kearney, Missouri 64060

Centerville Cottages

1001 Watson Drive, Kearney, Missouri 64060

Kearney Senior Citizens Housing Inc

211 E Major St, Kearney, Missouri 64060

Kearney Estates

241 Southbrook Pkwy, Kearney, Missouri 64060

109 West Fourth

109 W 4th St, Kearney, Missouri 64060

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Kearney, Missouri
$23.83/hour
$11.53 (+94%) more than Missouri minimum wage and $16.58 (+229%) more than the Federal minimum wage.
Learn More About Kearney, Missouri Affordable Housing ↓

How many renters live in Kearney, Missouri?

The City of Kearney has 10,491 people living in 3,982 households.

There are 1,817 renters living in 880 renter households in this City. Renters make up 17.32 percent of the population living in Kearney.

What is the rental market like in Kearney, Missouri?

There are an estimated 4,228 housing units in the Kearney area. Of these, 994 units are rental homes, making up 24 percent of the housing market. For every renter household in Kearney, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Kearney?

The rental vacancy rate in Kearney is 11 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 Kearney for each bedroom size?

Occupied Rental Units by Size in Kearney
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
12 146 298 409 15
Occupied Rental Units by Size in Kearney

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

Among renter households in this market, 45 percent have housing cost burden. Further, 10 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 Kearney

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $985 to $1,931. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $985
One BR $1,098
Two BR $1,258
Three BR $1,645
Four BR $1,931
2024 Fair Market Rents in Kearney, Missouri

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

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 12 100 percent
One BR 146 100 percent
Two BR 276 93 percent
Rental Units Below FMR in Kearney, Missouri

How many affordable rental units are in Kearney?

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

Federal Program Unit Count
Low Income Housing Tax Credit 143
USDA Section 515 Rural Rental Housing 106
Tracked Units by Federal Program in Kearney, Missouri

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

Income Based Apartments in Kearney, Missouri

Kearney features 106 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 Kearney, Missouri

There are 103 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kearney.

Housing Choice Vouchers in Kearney, Missouri

On average, Section 8 Housing Choice vouchers pay Kearney landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Kearney.

The maximum amount a voucher would pay on behalf of a low-income tenant in Kearney, Missouri for a two-bedroom apartment is between $1,132 and $1,384.

Sourced from federal housing data and AffordableHousingOnline.com research.