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

The Cottages at Highland Cross

1919 Cottage Ln
Bella Vista, Arkansas
S. 202
Showing Results 1-15
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There are 0 low-income apartments in Bella Vista that offer reduced rents to eligible households.

Rental assistance programs support 20 low-income homes in Bella Vista where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Bella Vista, Arkansas Affordable Housing Data

Income Based Apartments in Bella Vista, Arkansas

Bella Vista 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 Bella Vista, Arkansas

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

Housing Choice Vouchers in Bella Vista, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bella Vista, Arkansas for a two-bedroom apartment is between $837 and $1,023.

2023 Bella Vista, 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
Bella Vista, Arkansas Fair Market Rent $720 $764 $930 $1,322 $1,582
Bella Vista, Arkansas Payment Standard Range $648 to $792 $688 to $840 $837 to $1,023 $1,190 to $1,454 $1,424 to $1,740

Sourced from federal housing data and AffordableHousingOnline.com research.

Bella Vista, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 20
Total Housing Units with Rental Assistance 20
Percentage of Housing Units Occupied By Renters 12.89%
Average Renter Household Size 2.12
Average Household Size 2.33
Median Household Income $61,290 ±$2,844
Median Rent $946 ±$52
Percentage Of Renters Overburdened 41.37% ± 9.32pp
Total Population 27,606

Population and Household Demographics

Bella Vista is a city in Benton County, Arkansas with a population of 27,606. There are 11,781 households in the city with an average household size of 2.33 persons. 12.89% of households in Bella Vista are renters.

Income and Rent Overburden in Bella Vista

The median gross income for households in Bella Vista is $61,290 a year, or $5,108 a month. The median rent for the city is $946 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bella Vista, a household making less than $3,153 a month would be considered overburdened when renting an apartment at or above the median rent. 41.37% of households who rent are overburdened in Bella Vista.

Area Median Income In Bella Vista

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 Bella Vista, the AMI is calculated from all households within Benton County.

In Bella Vista, HUD calculates the Area Median Income for a family of four as $92,400

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 Bella Vista

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 Bella Vista

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30% AMI Income Limits
Renters earning up to 30% of the Bella Vista AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,650 $21,300 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Bella Vista AMI may qualify for rental assistance programs that target Very Low Income households.
$31,050 $35,450 $39,900 $44,300 $47,850 $51,400 $54,950 $58,500
80% AMI Income Limits
Renters earning up to 80% of the Bella Vista AMI may qualify for rental assistance programs that target Low Income households.
$49,650 $56,750 $63,850 $70,900 $76,600 $82,250 $87,950 $93,600