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

Discover affordable housing in Ray 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.

Richmond Estates

757 Driskill Dr, Richmond, Missouri 64085

Richmond Manor Apartments

East Lexington St, Richmond, Missouri 64085

Richmond Manor Lp

436 S Lexington Ct, Richmond, Missouri 64085

Southview Apartments

314 E South St, Richmond, Missouri 64085

Ideal Apartments

201 W Thornton St, Richmond, Missouri 64085

Harvest Hills Villas

1409 Hamra Dr., Richmond, Missouri 64085

Richmond Square

Short St And Fairway Dr, Richmond, Missouri 99999

Orrick Senior Citizens Housing

403 S. Adams St, Orrick, Missouri 64077

Richmond Square

1105 Fairway Dr, Richmond, Missouri 64085

Richmond Senior Housing

115 Alex Loop, Richmond, Missouri 64085

Shirkey Estates Inc

806 Wollard Blvd, Richmond, Missouri

Richmond Lha

312 W Buchanan St, Richmond, Missouri 64085

River Bend Apartments

409 Wells St, Orrick, Missouri 64077

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

What HUD offices serve Ray 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 Ray County, Missouri.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Ray County, Missouri.

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

How many renters live in Ray County, Missouri?

The County of Ray County has 23,122 people living in 8,773 households.

There are 4,807 renters living in 1,884 renter households in this County. Renters make up 20.79 percent of the population living in Ray County.

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

There are an estimated 9,878 housing units in the Ray County area. Of these, 1,959 units are rental homes, making up 20 percent of the housing market. For every renter household in Ray County, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Ray County?

The rental vacancy rate in Ray County is 3 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 Ray County for each bedroom size?

Occupied Rental Units by Size in Ray County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
11 310 744 680 97
Occupied Rental Units by Size in Ray County

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

Among renter households in this market, 33 percent have housing cost burden. Further, 13 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 Ray County

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 Ray County, Missouri

How many units are rented at Fair Market Rent (FMR) in Ray 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 11 100 percent
One BR 266 86 percent
Two BR 653 88 percent
Rental Units Below FMR in Ray County, Missouri

How many affordable rental units are in Ray County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 200
Public Housing 158
Section 811 Supportive Housing for Persons with Disabilities 29
USDA Section 515 Rural Rental Housing 156
Tracked Units by Federal Program in Ray County, Missouri

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

Income Based Apartments in Ray County, Missouri

Ray County features 249 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 Ray County, Missouri

There are 176 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ray County.

Housing Choice Vouchers in Ray County, Missouri

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.