Low Income Apartments and Affordable Housing For Rent in Macon County, MO

Discover affordable housing in Macon County 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.

Alexandra Pointe

802 Ranchland Dr, Macon, Missouri 63552

Macon

1404 S Missouri St, Macon, Missouri 63552

Ranchland Gardens

802 Ranchland Dr, Macon, Missouri 63552

Macon Senior Citizens Hsg Inc

601 Maple Lane, Macon, Missouri

Ranchland Garden Apartments

700 Ranchland Dr, Macon, Missouri 63552

Missouri

218 Lakeview Towers, Macon, Missouri 63552

New Cambria Rural Rental Housing Corp

112 New Cambria Heights Ave, New Cambria, Missouri 63558

calendar_today Opened: Mar 21
Open Until Further Notice

Reported On March 21st, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Macon County, Missouri
$15.09/hour
$2.79 (+23%) more than Missouri minimum wage and $7.84 (+108%) more than the Federal minimum wage.
Learn More About Macon County, Missouri Affordable Housing ↓

What HUD offices serve Macon County, 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) programs for Macon County, Missouri.

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

How many renters live in Macon County, Missouri?

The County of Macon County has 15,173 people living in 5,848 households.

There are 2,767 renters living in 1,352 renter households in this County. Renters make up 18.24 percent of the population living in Macon County.

What is the rental market like in Macon County, Missouri?

There are an estimated 7,442 housing units in the Macon County area. Of these, 1,528 units are rental homes, making up 21 percent of the housing market. For every renter household in Macon County, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Macon County?

The rental vacancy rate in Macon County is 12 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 Macon County for each bedroom size?

Occupied Rental Units by Size in Macon County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
112 264 423 485 47
Occupied Rental Units by Size in Macon County

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

Among renter households in this market, 41 percent have housing cost burden. Further, 15 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 Macon County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $540 to $1,139. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $540
One BR $607
Two BR $797
Three BR $1,123
Four BR $1,139
2024 Fair Market Rents in Macon County, Missouri

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

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 74 66 percent
One BR 209 79 percent
Two BR 205 48 percent
Rental Units Below FMR in Macon County, Missouri

How many affordable rental units are in Macon County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 71
Public Housing 105
USDA Section 515 Rural Rental Housing 226
Tracked Units by Federal Program in Macon County, Missouri

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

Income Based Apartments in Macon County, Missouri

Macon County features 256 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 Macon County, Missouri

There are 79 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Macon County.

Housing Choice Vouchers in Macon County, Missouri

On average, Section 8 Housing Choice vouchers pay Macon County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Macon County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Macon County, Missouri for a two-bedroom apartment is between $717 and $877.

Sourced from federal housing data and AffordableHousingOnline.com research.