Low Income Apartments and Affordable Housing For Rent in Conway, AR

Discover affordable housing in Conway where there are 27+ 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.

Park Ridge at Conway

1960 Rich Smith Ln, Conway, Arkansas 72032

Cottages at Conway

1915 RichSmith Lane, Conway, Arkansas 72032

Conway Housing Associates

704 4th Ave, Conway, Arkansas 72032

Autumn Manor

315 Hubbard Rd, Conway, Arkansas 72034

Stone Ridge at Conway

1985 Rich Smith Ln, Conway, Arkansas 72032

Old Conway Village

1440 Sutton St, Conway, Arkansas 72032

Rock Creek Apartments

375 Monroe St, Conway, Arkansas 72032

Woodland Oaks Apartments

1620 Middle Road, Conway, Arkansas 72032

Oakwood Place Apartments

1701 Hairston, Conway, Arkansas 72034

Village of Seven Mornings ( Fka Conway Senior Citizens )

1400 Harkrider St, Conway, Arkansas 72032

Florentz Estates

1125 Addybrook Lane, Conway, Arkansas 72032

Donaghey Court Apartments

801 S German Ln, Conway, Arkansas 72034

Chapelridge of Conway

401 2nd St, Conway, Arkansas 72032

East Oakwood Apartments

1651 Hairston St, Conway, Arkansas 72034

Sheltered Living Services

1627 Tyler St, Conway, Arkansas 72032

Conway Apartments

855 S Salem Rd, Conway, Arkansas 72034

Independent Living Group Homes

1617 Independence Ave, Conway, Arkansas 72034

Independent Living Services Apartments

607 S German Ln, Conway, Arkansas 72034

Donaghey Court II

855 S German Ln, Conway, Arkansas 72034

Germantown Apartments

955 S German Ln, Conway, Arkansas 72034

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Conway, Arkansas
$20.63/hour
$9.63 (+88%) more than Arkansas minimum wage and $13.38 (+184%) more than the Federal minimum wage.
Learn More About Conway, Arkansas Affordable Housing ↓

What HUD offices serve Conway, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Conway, Arkansas.

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

How many renters live in Conway, Arkansas?

The City of Conway has 67,616 people living in 27,950 households.

There are 30,117 renters living in 15,118 renter households in this City. Renters make up 44.54 percent of the population living in Conway.

What is the rental market like in Conway, Arkansas?

There are an estimated 27,793 housing units in the Conway area. Of these, 15,498 units are rental homes, making up 56 percent of the housing market. For every renter household in Conway, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Conway?

The rental vacancy rate in Conway is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Conway for each bedroom size?

Occupied Rental Units by Size in Conway
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
323 1,840 7,683 3,916 392
Occupied Rental Units by Size in Conway

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

Among renter households in this market, 37 percent have housing cost burden. Further, 22 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 Conway

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $944 to $1,717. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $944
One BR $950
Two BR $1,089
Three BR $1,454
Four BR $1,717
2024 Fair Market Rents in Conway, Arkansas

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

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 142 44 percent
One BR 1,435 78 percent
Two BR 6,078 79 percent
Rental Units Below FMR in Conway, Arkansas

How many affordable rental units are in Conway?

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

Federal Program Unit Count
Low Income Housing Tax Credit 1,465
Public Housing 153
Section 8 Project-Based Rental Assistance 155
Section 811 Supportive Housing for Persons with Disabilities 34
USDA Section 515 Rural Rental Housing 90
Tracked Units by Federal Program in Conway, Arkansas

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

Income Based Apartments in Conway, Arkansas

Conway features 298 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 Conway, Arkansas

There are 1,169 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Conway.

Housing Choice Vouchers in Conway, Arkansas

On average, Section 8 Housing Choice vouchers pay Conway landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Conway.

The maximum amount a voucher would pay on behalf of a low-income tenant in Conway, Arkansas for a two-bedroom apartment is between $980 and $1,198.

Sourced from federal housing data and AffordableHousingOnline.com research.