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

Discover affordable housing in Searcy County where there are 7+ 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.

Cove Creek Senior Apartments

678 Oak St, Leslie, Arkansas 72645

Marshall Manor

203 W Main St, Marshall, Arkansas 72650

Glen Echo Apartments

Elm St, Leslie, Arkansas 72645

Heritage Place Apartments

110 School St, Marshall, Arkansas 72650

Briarwood I Apartments

210 Hazel St, Marshall, Arkansas 72650

Briarwood Apartments II

1 Hazel ST, Marshall, Arkansas 0

Cove Creek Senior Citizens Apartments

803 Oak St, Leslie, Arkansas 72645

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Searcy County, 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 Searcy County, Arkansas Affordable Housing ↓

How many renters live in Searcy County, Arkansas?

The County of Searcy County has 7,880 people living in 2,948 households.

There are 2,062 renters living in 787 renter households in this County. Renters make up 26.17 percent of the population living in Searcy County.

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

There are an estimated 4,725 housing units in the Searcy County area. Of these, 936 units are rental homes, making up 20 percent of the housing market. For every renter household in Searcy County, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Searcy County?

The rental vacancy rate in Searcy County is 15 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 Searcy County for each bedroom size?

Occupied Rental Units by Size in Searcy County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
11 160 360 214 42
Occupied Rental Units by Size in Searcy County

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

Among renter households in this market, 30 percent have housing cost burden. Further, 14 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 Searcy County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,148. 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 $1,042
Four BR $1,148
2024 Fair Market Rents in Searcy County, Arkansas

How many units are rented at Fair Market Rent (FMR) in Searcy 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 11 100 percent
One BR 139 87 percent
Two BR 120 33 percent
Rental Units Below FMR in Searcy County, Arkansas

How many affordable rental units are in Searcy County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 150
Section 811 Supportive Housing for Persons with Disabilities 9
USDA Section 515 Rural Rental Housing 153
Tracked Units by Federal Program in Searcy County, Arkansas

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

Income Based Apartments in Searcy County, Arkansas

Searcy County features 150 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 Searcy County, Arkansas

There are 25 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Searcy County.

Housing Choice Vouchers in Searcy County, Arkansas

On average, Section 8 Housing Choice vouchers pay Searcy County landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Searcy County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.