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

Discover affordable housing in Montgomery County where there are 6+ 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.

Wells Villa Inc

525 N 2nd St, Wellsville, Missouri 63384

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Montgomery City Apartments

27 Oak Tree Ct, Montgomery City, Missouri 63361

payment Subsidized
accessibility Accessible

Montgomery City II Apartments

27 Oak Tree Court, Montgomery City, Missouri 63361

bed 1-3
switch_access_shortcut Short Wait

Brookview Sr Apts Montgomery City

600 W 5th St, Montgomery City, Missouri

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Jonesburg Apts

Corner Foreman and Gladstone, Jonesburg, Missouri

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Montgomery City

920 Pearl St, Montgomery City, Missouri

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Montgomery County, Missouri

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Mar 21
Open Until Further Notice
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Reported On September 18th, 2024 by Lorena Bentley

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

What HUD offices serve Montgomery 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 Montgomery County, Missouri.

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

How many renters live in Montgomery County, Missouri?

The County of Montgomery County has people living in households.

There are renters living in renter households in this County. Renters make up 22.46 percent of the population living in Montgomery County.

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

There are an estimated housing units in the Montgomery County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Montgomery County, Missouri, there are 1.06 rental units.

What is the vacancy rate for rentals in Montgomery County?

The rental vacancy rate in Montgomery County is 4 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 Montgomery County for each bedroom size?

Occupied Rental Units by Size in Montgomery County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
49 248 310 461 109
Occupied Rental Units by Size in Montgomery County

A large number of apartments in Montgomery County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Montgomery County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $603 to $1,208. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $603
One BR $607
Two BR $797
Three BR $1,123
Four BR $1,208
2024 Fair Market Rents in Montgomery County, Missouri

How many units are rented at Fair Market Rent (FMR) in Montgomery 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 18 37 percent
One BR 105 42 percent
Two BR 149 48 percent
Rental Units Below FMR in Montgomery County, Missouri

How many affordable rental units are in Montgomery County?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Montgomery County, Missouri

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

Income Based Apartments in Montgomery County, Missouri

Montgomery County features 114 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 Montgomery County, Missouri

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montgomery County.

Housing Choice Vouchers in Montgomery County, Missouri

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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