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

Discover affordable housing in McDonald County where there are 13+ 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.

Noel Heights Apartments

RR 1 Box 249, Noel, Missouri 64854

Indian Creek Apartments

RR 3 Box 16, Anderson, Missouri 64831

The Summit

214 Clay St, Pineville, Missouri 64856

Noel Heights II

402 Redwood Ln, Noel, Missouri 64854

Noel Heights III

304 Redwood Ln, Noel, Missouri 64854

Noel Apartments II

PO Box 249, Noel, Missouri 64854

Anderson Apartments II

RR 3 BOX 3050, Anderson, Missouri 64831

Noel Liph

206 Foster St, Noel, Missouri 64854

Pineville Lha

300 Big Sugar Rd, Pineville, Missouri 64856

Wildwood Manor

103 N 2nd St, Lanagan, Missouri 64847

Indian Creek Apartments I

30 Riverview Dr, Anderson, Missouri 64831

Indian Creek Apartments II

60 Riverview Dr, Anderson, Missouri 64831

N and F Goodman Apartments

126 S 2nd St, Goodman, Missouri 64843

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

How many renters live in McDonald County, Missouri?

The County of McDonald County has 23,381 people living in 8,399 households.

There are 8,072 renters living in 2,801 renter households in this County. Renters make up 34.52 percent of the population living in McDonald County.

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

There are an estimated 9,782 housing units in the McDonald County area. Of these, 2,857 units are rental homes, making up 29 percent of the housing market. For every renter household in McDonald County, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in McDonald County?

The rental vacancy rate in McDonald County is 2 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 McDonald County for each bedroom size?

Occupied Rental Units by Size in McDonald County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
196 358 1,297 800 114
Occupied Rental Units by Size in McDonald County

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

Among renter households in this market, 31 percent have housing cost burden. Further, 11 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 McDonald County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $631 to $1,353. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $631
One BR $635
Two BR $797
Three BR $1,051
Four BR $1,353
2024 Fair Market Rents in McDonald County, Missouri

How many units are rented at Fair Market Rent (FMR) in McDonald 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 99 51 percent
One BR 220 61 percent
Two BR 703 54 percent
Rental Units Below FMR in McDonald County, Missouri

How many affordable rental units are in McDonald County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 112
Public Housing 248
Section 8 Project-Based Rental Assistance 1
USDA Section 515 Rural Rental Housing 136
Tracked Units by Federal Program in McDonald County, Missouri

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

Income Based Apartments in McDonald County, Missouri

McDonald County features 278 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 McDonald County, Missouri

There are 84 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in McDonald County.

Housing Choice Vouchers in McDonald County, Missouri

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.