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

Apply to Cabot Apartment Waiting Lists

Woodland Station

8 Shane Dr
Cabot, Arkansas
Rent Assisted
Senior
Supportive
S. 515 Rural

Auburn Hills Apartments

22 Spring St
Cabot, Arkansas
Subsidized
Rent Assisted
LIHTC
RDRA

Gordon Tubbs Residential Facility

412 Cleveland St
Cabot, Arkansas
Subsidized
Senior
S. 202

Cabot Housing

100 Rodney Guthrie Dr
Cabot, Arkansas
Subsidized
Senior
S. 202

Orchards at Cabot

555 E Mountain Springs Rd
Cabot, Arkansas
Rent Assisted
LIHTC

Steeple Chase Apartments

2695 S 2nd St
Cabot, Arkansas
Rent Assisted
LIHTC

Chapel Ridge of Cabot

300 Chapelridge Dr
Cabot, Arkansas
Rent Assisted
LIHTC

Cabot Senior Citizens Apartments

11 Station Circle Dr
Cabot, Arkansas
Rent Assisted
LIHTC

Parkview Place Apts

430 Richie Road
Cabot, Arkansas
Rent Assisted
Senior
Supportive
S. 515 Rural

Pheasant Run Apts

1406 S. 1st St.
Cabot, Arkansas
Subsidized
Rent Assisted
Senior
Supportive
S. 515 Rural
RDRA

Lonoke County Carlisle

500 W Locust St
Cabot, Arkansas
Subsidized
Public Housing

Franklin County Senior Apartments

701 N Grant St
Cabot, Arkansas
Rent Assisted
Senior
Supportive
S. 515 Rural

Woodland Station Apartments ( Fka Cabot Apartments )

38 Shane Dr
Cabot, Arkansas
Rent Assisted
LIHTC
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There are 473 low-income apartments in Cabot that offer reduced rents to eligible households.

Rental assistance programs support 266 low-income homes in Cabot where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $308 towards rent each month.

Affordable rent data for some communities last confirmed on January 2nd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Cabot, 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
Cabot Public Housing Agency Section 8 Housing Choice Voucher (HCV)
Lonoke County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Cabot.

Cabot, Arkansas Affordable Housing Data

Income Based Apartments in Cabot, Arkansas

Cabot features 266 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 Cabot, Arkansas

There are 473 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cabot.

Housing Choice Vouchers in Cabot, Arkansas

On average, Section 8 Housing Choice vouchers pay Cabot landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Cabot.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cabot, Arkansas for a two-bedroom apartment is between $828 and $1,012.

2023 Cabot, 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
Cabot, Arkansas Fair Market Rent $791 $805 $920 $1,227 $1,468
Cabot, Arkansas Payment Standard Range $712 to $870 $725 to $886 $828 to $1,012 $1,104 to $1,350 $1,321 to $1,615

Sourced from federal housing data and AffordableHousingOnline.com research.

Cabot, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 739
Total Housing Units with Rental Assistance 266
Percentage of Housing Units Occupied By Renters 33.55%
Average Renter Household Size 2.49
Average Household Size 2.68
Median Household Income $57,790 ±$4,190
Median Rent $707 ±$79
Percentage Of Renters Overburdened 41.47% ± 7.52pp
Total Population 25,102

Population and Household Demographics

Cabot is a city in Lonoke County, Arkansas with a population of 25,102. There are 9,299 households in the city with an average household size of 2.68 persons. 33.55% of households in Cabot are renters.

Income and Rent Overburden in Cabot

The median gross income for households in Cabot is $57,790 a year, or $4,816 a month. The median rent for the city is $707 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cabot, a household making less than $2,357 a month would be considered overburdened when renting an apartment at or above the median rent. 41.47% of households who rent are overburdened in Cabot.

Area Median Income In Cabot

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 Cabot, the AMI is calculated from all households within Lonoke County.

In Cabot, HUD calculates the Area Median Income for a family of four as $83,000

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 Cabot

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 Cabot

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 Cabot AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,450 $19,950 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Cabot AMI may qualify for rental assistance programs that target Very Low Income households.
$29,050 $33,200 $37,350 $41,500 $44,850 $48,150 $51,500 $54,800
80% AMI Income Limits
Renters earning up to 80% of the Cabot AMI may qualify for rental assistance programs that target Low Income households.
$46,500 $53,150 $59,800 $66,400 $71,750 $77,050 $82,350 $87,650