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

Discover affordable housing in Helena where there are 8+ 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.

First Step Apartments

120 D Anna Pl, Helena, Arkansas 72342

Helena Renaissance ( Fka Old Helena High School )

Biscoe ST, Helena, Arkansas 72342

Helena Housing Authority Housing

822 Ohio, Helena, Arkansas 72342

Helena Housing Partners

Various Sites, Helena, Arkansas 72342

Mickey Ag Inc.

106 Hwy 44, Helena, Arkansas

Helena Scattered Sites I Helena Housing Partners

1322 Holly, Helena, Arkansas 72342

Helena Scattered Sites II Helena Housing Partners

202 Franklin St, Helena, Arkansas 72342

Helena Housig Partners

1326 Holly, Helena, Arkansas 72342

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

What HUD offices serve Helena, 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 Public Housing programs for Helena, Arkansas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Helena, Arkansas.

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

How many renters live in Helena, Arkansas?

The City of Helena has 9,470 people living in 3,595 households.

There are 5,383 renters living in 1,915 renter households in this City. Renters make up 56.84 percent of the population living in Helena.

What is the rental market like in Helena, Arkansas?

There are an estimated 5,130 housing units in the Helena area. Of these, 2,119 units are rental homes, making up 41 percent of the housing market. For every renter household in Helena, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Helena?

The rental vacancy rate in Helena is 10 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 Helena for each bedroom size?

Occupied Rental Units by Size in Helena
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
11 227 651 941 85
Occupied Rental Units by Size in Helena

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

Among renter households in this market, 55 percent have housing cost burden. Further, 27 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 Helena

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,381. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $622
Two BR $814
Three BR $1,147
Four BR $1,381
2024 Fair Market Rents in Helena, Arkansas

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

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 3 27 percent
One BR 182 80 percent
Two BR 470 72 percent
Rental Units Below FMR in Helena, Arkansas

How many affordable rental units are in Helena?

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

Federal Program Unit Count
Low Income Housing Tax Credit 255
Public Housing 480
Section 8 Project-Based Rental Assistance 183
Section 811 Supportive Housing for Persons with Disabilities 22
Tracked Units by Federal Program in Helena, Arkansas

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

Income Based Apartments in Helena, Arkansas

Helena features 313 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 Helena, Arkansas

There are 108 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Helena.

Housing Choice Vouchers in Helena, Arkansas

On average, Section 8 Housing Choice vouchers pay Helena landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Helena.

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

Sourced from federal housing data and AffordableHousingOnline.com research.