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Low Income Apartments and Affordable Housing For Rent in Fort Smith, AR

Discover affordable housing in Fort Smith where there are 24+ 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.

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Fort Smith, Arkansas

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
 Low income apartments with no or short waiting lists.
payment Subsidized
 Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
 Apartments that accept Section 8 vouchers near you
elderly Senior
 Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
 Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
 Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
 Apartments for individuals or families with disabilities.

Fort Smith Housing Authority Section 8 HCV

Open Until Further Notice
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Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Fort Smith, Arkansas
$16.88/hour
$5.88 (+53%) more than Arkansas minimum wage and $9.63 (+133%) more than the Federal minimum wage.
Learn More About Fort Smith, Arkansas Affordable Housing ↓

What HUD offices serve Fort Smith, 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.

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

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

How many renters live in Fort Smith, Arkansas?

The City of Fort Smith has people living in households.

There are renters living in renter households in this City. Renters make up 39.19 percent of the population living in Fort Smith.

What is the rental market like in Fort Smith, Arkansas?

There are an estimated housing units in the Fort Smith area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Fort Smith, Arkansas, there are 1.07 rental units.

What is the vacancy rate for rentals in Fort Smith?

The rental vacancy rate in Fort Smith 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 Fort Smith for each bedroom size?

Occupied Rental Units by Size in Fort Smith
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
615 4,185 7,560 4,320 854
Occupied Rental Units by Size in Fort Smith

A large number of apartments in Fort Smith have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Fort Smith

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $674 to $1,437. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $674
One BR $678
Two BR $891
Three BR $1,222
Four BR $1,437
2024 Fair Market Rents in Fort Smith, Arkansas

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

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 360 59 percent
One BR 2,757 66 percent
Two BR 4,509 60 percent
Rental Units Below FMR in Fort Smith, Arkansas

How many affordable rental units are in Fort Smith?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Mod Rehab Project-Based Rental Assistance
Tracked Units by Federal Program in Fort Smith, Arkansas

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

Income Based Apartments in Fort Smith, Arkansas

Fort Smith features 781 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 Fort Smith, Arkansas

There are 740 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fort Smith.

Housing Choice Vouchers in Fort Smith, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Fort Smith, Arkansas for a two-bedroom apartment is between $802 and $980.

Sourced from federal housing data and AffordableHousingOnline.com research.