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

Discover affordable housing in Drew County where there are 13+ 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.

The Vineyards at Monticello

125 Midway Route , Monticello, Arkansas 71655

Turtle Creek Apartments

130 W Oakland Ave, Monticello, Arkansas 71655

Pecan Grove Apartments

315 W Jackson Ave, Monticello, Arkansas 71655

Pilgrim Rest Apartments

1032 N Cooper St, Monticello, Arkansas 71655

Cedar Hill Apartments

839 S Gabbert St, Monticello, Arkansas 71655

Ridgeway

206 E Gaines St, Monticello, Arkansas 71655

Monticello Apartments

415 W Conrad Ave, Monticello, Arkansas 71655

Monticello, City Of

332 N Larkin St, Monticello, Arkansas 71655

Monticello Estates

233 W College Ave, Monticello, Arkansas 71655

Park Ridge Chapelridge of Monticello

141 Market St, Monticello, Arkansas 71655

Annswood Apartments

570 W Conrad Ave, Monticello, Arkansas 71655

Oakview Apt

291 W Jackson St, Monticello, Arkansas

Indian Mounds Place

Hwy 278 West, Monticello, Arkansas

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Drew County, Arkansas
$16.74/hour
$5.74 (+52%) more than Arkansas minimum wage and $9.49 (+131%) more than the Federal minimum wage.
Learn More About Drew County, Arkansas Affordable Housing ↓

What HUD offices serve Drew 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) programs for Drew County, Arkansas.

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

How many renters live in Drew County, Arkansas?

The County of Drew County has 17,309 people living in 6,913 households.

There are 4,915 renters living in 2,274 renter households in this County. Renters make up 28.4 percent of the population living in Drew County.

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

There are an estimated 8,289 housing units in the Drew County area. Of these, 2,409 units are rental homes, making up 29 percent of the housing market. For every renter household in Drew County, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Drew County?

The rental vacancy rate in Drew County is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Drew County for each bedroom size?

Occupied Rental Units by Size in Drew County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
68 300 1,201 603 102
Occupied Rental Units by Size in Drew County

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

Among renter households in this market, 28 percent have housing cost burden. Further, 17 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 Drew County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $655 to $1,291. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $655
One BR $673
Two BR $884
Three BR $1,084
Four BR $1,291
2024 Fair Market Rents in Drew County, Arkansas

How many units are rented at Fair Market Rent (FMR) in Drew 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 34 50 percent
One BR 258 86 percent
Two BR 829 69 percent
Rental Units Below FMR in Drew County, Arkansas

How many affordable rental units are in Drew County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 322
Section 8 Project-Based Rental Assistance 149
Section 811 Supportive Housing for Persons with Disabilities 10
USDA Section 515 Rural Rental Housing 102
Tracked Units by Federal Program in Drew County, Arkansas

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

Income Based Apartments in Drew County, Arkansas

Drew County features 294 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 Drew County, Arkansas

There are 178 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Drew County.

Housing Choice Vouchers in Drew County, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Drew County, Arkansas for a two-bedroom apartment is between $796 and $972.

Sourced from federal housing data and AffordableHousingOnline.com research.