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

Discover affordable housing in Urbana where there are 1+ 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.

Silver Crest Villa

318 W Oak St, Urbana, Missouri 65767

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

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

What HUD offices serve Urbana, 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 Urbana, Missouri.

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

How many renters live in Urbana, Missouri?

The City of Urbana has 452 people living in 169 households.

There are 119 renters living in 63 renter households in this City. Renters make up 26.33 percent of the population living in Urbana.

What is the rental market like in Urbana, Missouri?

There are an estimated 190 housing units in the Urbana area. Of these, 63 units are rental homes, making up 33 percent of the housing market. For every renter household in Urbana, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Urbana?

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

Occupied Rental Units by Size in Urbana
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 28 7 9 2
Occupied Rental Units by Size in Urbana

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

Among renter households in this market, 49 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 Urbana

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $603 to $1,111. 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 $1,107
Four BR $1,111
2024 Fair Market Rents in Urbana, Missouri

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

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 4 67 percent
One BR 27 96 percent
Two BR 6 86 percent
Rental Units Below FMR in Urbana, Missouri

How many affordable rental units are in Urbana?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Urbana, Missouri

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

Income Based Apartments in Urbana, Missouri

Urbana features 20 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 Urbana, Missouri

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

Housing Choice Vouchers in Urbana, Missouri

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.