. Low Income Apartments For Rent in Alma, Arkansas - Affordable Housing Online

Apply to Alma Apartment Waiting Lists

Savannahpark of Alma

200 Thicksten Dr
Alma, Arkansas
Rent Assisted
S. 515 Rural

Lindenwood Apartments

1220 Lake View Est
Alma, Arkansas
Rent Assisted
S. 515 Rural

Gardenwalk of Alma

800 Harris Dr
Alma, Arkansas
Rent Assisted
S. 515 Rural

Alma Gardens

NW Corner Hwy 71 And Collum Ln
Alma, Arkansas
Rent Assisted
USDA S. 538

Alma Gardens Apartments

200 Collum Ln W
Alma, Arkansas
Rent Assisted
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There are 137 low-income apartments in Alma that offer reduced rents to eligible households.

Rental assistance programs support 72 low-income homes in Alma where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $276 towards rent each month.

Affordable rent data for some communities last confirmed on January 3rd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Alma, Arkansas

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.

Housing Authority Programs
Alma Housing Authority Public Housing
Crawford Co. Public Facilties Board Section 8 Housing Choice Voucher (HCV)
Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Alma.

Alma, Arkansas Affordable Housing Data

Income Based Apartments in Alma, Arkansas

Alma features 72 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 Alma, Arkansas

There are 137 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Alma.

Housing Choice Vouchers in Alma, Arkansas

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

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

2023 Alma, Arkansas Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Alma, Arkansas Fair Market Rent $601 $605 $797 $1,102 $1,270
Alma, Arkansas Payment Standard Range $541 to $661 $545 to $666 $717 to $877 $992 to $1,212 $1,143 to $1,397

Sourced from federal housing data and AffordableHousingOnline.com research.

Alma, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 209
Total Housing Units with Rental Assistance 72
Percentage of Housing Units Occupied By Renters 36.04%
Average Renter Household Size 2.66
Average Household Size 2.71
Median Household Income $48,859 ±$10,675
Median Rent $656 ±$50
Percentage Of Renters Overburdened 45.67% ± 16.1pp
Total Population 5,537

Population and Household Demographics

Alma is a city in Crawford County, Arkansas with a population of 5,537. There are 2,017 households in the city with an average household size of 2.71 persons. 36.04% of households in Alma are renters.

Income and Rent Overburden in Alma

The median gross income for households in Alma is $48,859 a year, or $4,072 a month. The median rent for the city is $656 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Alma, a household making less than $2,187 a month would be considered overburdened when renting an apartment at or above the median rent. 45.67% of households who rent are overburdened in Alma.

Area Median Income In Alma

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Alma, the AMI is calculated from all households within Crawford County.

In Alma, HUD calculates the Area Median Income for a family of four as $65,700

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Alma

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Alma

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Alma AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,700 $37,250 $39,850 $42,400
50% AMI Income Limits
Renters earning up to 50% of the Alma AMI may qualify for rental assistance programs that target Very Low Income households.
$22,500 $25,700 $28,900 $32,100 $34,700 $37,250 $39,850 $42,400
80% AMI Income Limits
Renters earning up to 80% of the Alma AMI may qualify for rental assistance programs that target Low Income households.
$35,950 $41,100 $46,250 $51,350 $55,500 $59,600 $63,700 $67,800