Low Income Apartments and Affordable Housing For Rent in Van Buren, MO

Discover affordable housing in Van Buren 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.

Riverview Villa

HC2 Health Center Rd, Van Buren, Missouri 63965

Big Springs Housing

610 Walnut Street, Van Buren, Missouri

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

How many renters live in Van Buren, Missouri?

The City of Van Buren has 1,125 people living in 378 households.

There are 387 renters living in 201 renter households in this City. Renters make up 34.4 percent of the population living in Van Buren.

What is the rental market like in Van Buren, Missouri?

There are an estimated 495 housing units in the Van Buren area. Of these, 207 units are rental homes, making up 42 percent of the housing market. For every renter household in Van Buren, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Van Buren?

The rental vacancy rate in Van Buren 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 Van Buren for each bedroom size?

Occupied Rental Units by Size in Van Buren
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 118 55 20 0
Occupied Rental Units by Size in Van Buren

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

Among renter households in this market, 80 percent have housing cost burden. Further, 15 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 Van Buren

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,217. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $601
One BR $607
Two BR $797
Three BR $1,021
Four BR $1,217
2024 Fair Market Rents in Van Buren, Missouri

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

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 0 100 percent
One BR 118 100 percent
Two BR 53 96 percent
Rental Units Below FMR in Van Buren, Missouri

How many affordable rental units are in Van Buren?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Van Buren, Missouri

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

Income Based Apartments in Van Buren, Missouri

Van Buren 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 Van Buren, Missouri

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

Housing Choice Vouchers in Van Buren, Missouri

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.