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

Discover affordable housing in Perry where there are 2+ 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.

Perry Apartments

RR 2, Perry, Missouri 63462

Village Housing Inc

521 E Walnut St, Perry, Missouri 63462

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 Perry, Missouri
$16.08/hour
$3.78 (+31%) more than Missouri minimum wage and $8.83 (+122%) more than the Federal minimum wage.
Learn More About Perry, Missouri Affordable Housing ↓

What HUD offices serve Perry, 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 Perry, Missouri.

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

How many renters live in Perry, Missouri?

The City of Perry has 707 people living in 291 households.

There are 135 renters living in 56 renter households in this City. Renters make up 19.09 percent of the population living in Perry.

What is the rental market like in Perry, Missouri?

There are an estimated 392 housing units in the Perry area. Of these, 62 units are rental homes, making up 16 percent of the housing market. For every renter household in Perry, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Perry?

The rental vacancy rate in Perry 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 Perry for each bedroom size?

Occupied Rental Units by Size in Perry
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 24 21 11 0
Occupied Rental Units by Size in Perry

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

Among renter households in this market, 50 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 Perry

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $640 to $1,441. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $640
One BR $646
Two BR $849
Three BR $1,106
Four BR $1,441
2024 Fair Market Rents in Perry, Missouri

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

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 92 percent
Two BR 13 62 percent
Rental Units Below FMR in Perry, Missouri

How many affordable rental units are in Perry?

Income Based Apartments in Perry, Missouri

Perry 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 Perry, Missouri

There are 28 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Perry.

Housing Choice Vouchers in Perry, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Perry, Missouri for a two-bedroom apartment is between $764 and $934.

Sourced from federal housing data and AffordableHousingOnline.com research.