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

Discover affordable housing in Hardy 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.

North Hills Terrace

203 E Clayton St, Hardy, Arkansas 72542

Spring River Apartments

710 E Main St, Hardy, Arkansas 72542

Spring Woods ( Fka Hardy Senior Citizens )

100 Springwood Ter, Hardy, Arkansas 72542

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 Hardy, 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.
Open Until Further Notice
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Reported On February 23rd, 2024 by Chris Madden

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

What HUD offices serve Hardy, 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 Hardy, Arkansas.

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

How many renters live in Hardy, Arkansas?

The City of Hardy has people living in households.

There are renters living in renter households in this City. Renters make up 25.43 percent of the population living in Hardy.

What is the rental market like in Hardy, Arkansas?

There are an estimated housing units in the Hardy area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Hardy, Arkansas, there are 1.06 rental units.

What is the vacancy rate for rentals in Hardy?

The rental vacancy rate in Hardy is 5 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 Hardy for each bedroom size?

Occupied Rental Units by Size in Hardy
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
13 39 41 13 0
Occupied Rental Units by Size in Hardy

A large number of apartments in Hardy 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 Hardy

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $552 to $1,244. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $552
One BR $620
Two BR $814
Three BR $1,126
Four BR $1,244
2024 Fair Market Rents in Hardy, Arkansas

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

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 69 percent
One BR 25 64 percent
Two BR 20 49 percent
Rental Units Below FMR in Hardy, Arkansas

How many affordable rental units are in Hardy?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 202 Supportive Housing for the Elderly
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Hardy, Arkansas

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

Income Based Apartments in Hardy, Arkansas

Hardy features 44 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 Hardy, Arkansas

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

Housing Choice Vouchers in Hardy, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.