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

Discover affordable housing in Stanberry where there are 3+ 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.

Friendly Heights Apartments Inc

301 N Walnut St, Stanberry, Missouri 64489

Stanberry Independent

114 W 2nd St, Stanberry, Missouri 64489

Avenue Apartments

201 N Alanthus Ave, Stanberry, Missouri

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

How many renters live in Stanberry, Missouri?

The City of Stanberry has 1,261 people living in 446 households.

There are 312 renters living in 135 renter households in this City. Renters make up 24.74 percent of the population living in Stanberry.

What is the rental market like in Stanberry, Missouri?

There are an estimated 560 housing units in the Stanberry area. Of these, 158 units are rental homes, making up 28 percent of the housing market. For every renter household in Stanberry, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Stanberry?

The rental vacancy rate in Stanberry is 15 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 Stanberry for each bedroom size?

Occupied Rental Units by Size in Stanberry
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 30 40 52 8
Occupied Rental Units by Size in Stanberry

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

Among renter households in this market, 19 percent have housing cost burden. Further, 5 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 Stanberry

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,353. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $601
One BR $617
Two BR $797
Three BR $1,092
Four BR $1,353
2024 Fair Market Rents in Stanberry, Missouri

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

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 23 77 percent
Two BR 30 75 percent
Rental Units Below FMR in Stanberry, Missouri

How many affordable rental units are in Stanberry?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 8
Tracked Units by Federal Program in Stanberry, Missouri

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

Income Based Apartments in Stanberry, Missouri

Stanberry features 48 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 Stanberry, Missouri

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

Housing Choice Vouchers in Stanberry, Missouri

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.