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

Discover affordable housing in Eudora where there are 4+ 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.

Chicot Apartments

604 E Compress St, Eudora, Arkansas 71640

Eudora Manor

2070 S Highway 65, Eudora, Arkansas 71640

Eudora Terrace

234 Lynn St, Eudora, Arkansas 71640

Eudora Terrace

290 Lynn St, Eudora, Arkansas 71640

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 Eudora, Arkansas
$15.42/hour
$4.42 (+40%) more than Arkansas minimum wage and $8.17 (+113%) more than the Federal minimum wage.
Learn More About Eudora, Arkansas Affordable Housing ↓

What HUD offices serve Eudora, 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 Eudora, Arkansas.

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

How many renters live in Eudora, Arkansas?

The City of Eudora has 2,161 people living in 966 households.

There are 1,044 renters living in 360 renter households in this City. Renters make up 48.31 percent of the population living in Eudora.

What is the rental market like in Eudora, Arkansas?

There are an estimated 1,098 housing units in the Eudora area. Of these, 381 units are rental homes, making up 35 percent of the housing market. For every renter household in Eudora, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Eudora?

The rental vacancy rate in Eudora 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 Eudora for each bedroom size?

Occupied Rental Units by Size in Eudora
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
5 31 93 182 45
Occupied Rental Units by Size in Eudora

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

Among renter households in this market, 35 percent have housing cost burden. Further, 23 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 Eudora

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,376. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $620
Two BR $814
Three BR $1,089
Four BR $1,376
2024 Fair Market Rents in Eudora, Arkansas

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

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 5 100 percent
One BR 31 100 percent
Two BR 75 81 percent
Rental Units Below FMR in Eudora, Arkansas

How many affordable rental units are in Eudora?

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

Federal Program Unit Count
Low Income Housing Tax Credit 138
Section 8 Project-Based Rental Assistance 70
USDA Section 515 Rural Rental Housing 57
Tracked Units by Federal Program in Eudora, Arkansas

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

Income Based Apartments in Eudora, Arkansas

Eudora features 173 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 Eudora, Arkansas

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

Housing Choice Vouchers in Eudora, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Eudora, Arkansas for a two-bedroom apartment is between $733 and $895.

Sourced from federal housing data and AffordableHousingOnline.com research.