Low Income Apartments and Affordable Housing For Rent in Polk County, AR

Discover affordable housing in Polk County where there are 3+ 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.

Avants Group Home

210 Bullion Ave E, Mena, Arkansas 71953

Oaks Assisted Living

1341 S Mena St, Mena, Arkansas 71953

Polk County Wickes Cove Hatfield

101 Butler Cir, Hatfield, Arkansas 71953

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Polk County, Arkansas
$16.31/hour
$5.31 (+48%) more than Arkansas minimum wage and $9.06 (+125%) more than the Federal minimum wage.
Learn More About Polk County, Arkansas Affordable Housing ↓

What HUD offices serve Polk County, 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 Polk County, Arkansas.

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

How many renters live in Polk County, Arkansas?

The County of Polk County has 19,384 people living in 7,717 households.

There are 4,189 renters living in 1,552 renter households in this County. Renters make up 21.61 percent of the population living in Polk County.

What is the rental market like in Polk County, Arkansas?

There are an estimated 9,652 housing units in the Polk County area. Of these, 1,753 units are rental homes, making up 18 percent of the housing market. For every renter household in Polk County, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Polk County?

The rental vacancy rate in Polk County is 11 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 Polk County for each bedroom size?

Occupied Rental Units by Size in Polk County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
38 309 454 619 132
Occupied Rental Units by Size in Polk County

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

Among renter households in this market, 30 percent have housing cost burden. Further, 20 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 Polk County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $584 to $1,152. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $584
One BR $662
Two BR $861
Three BR $1,041
Four BR $1,152
2024 Fair Market Rents in Polk County, Arkansas

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

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 9 24 percent
One BR 164 53 percent
Two BR 261 57 percent
Rental Units Below FMR in Polk County, Arkansas

How many affordable rental units are in Polk County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 60
Public Housing 180
Section 8 Project-Based Rental Assistance 10
Tracked Units by Federal Program in Polk County, Arkansas

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

Income Based Apartments in Polk County, Arkansas

Polk County features 190 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 Polk County, Arkansas

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Polk County.

Housing Choice Vouchers in Polk County, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Polk County, Arkansas for a two-bedroom apartment is between $775 and $947.

Sourced from federal housing data and AffordableHousingOnline.com research.