Affordable Housing In Hot Springs
Garland County, Arkansas

23 Low Income Apartment Communities In Hot Springs

Garland Towers Apartments

126 Oriole St
Hot Springs, Arkansas
Subsidized
62+
Accessible
Elderly Supportive Housing

Aristocrat Manor Apartments

240 Central Ave
Hot Springs, Arkansas
Subsidized

Shorter College Plaza

240 Glade St
Hot Springs, Arkansas
Subsidized
62+
Accessible
Elderly Supportive Housing

Chaucer Street Apartments

345 Chaucer St
Hot Springs, Arkansas
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Greenbriar Apartments

315 Convention Blvd
Hot Springs, Arkansas
Subsidized

Levi Towers

240 Prospect Ave
Hot Springs, Arkansas
Subsidized
62+
Accessible
Elderly Supportive Housing

On Our Own, Inc

201 Cones Rd
Hot Springs, Arkansas
Subsidized
62+
Accessible
Elderly Supportive Housing

Christopher Homes of Hot Springs

1010 Cones Rd
Hot Springs, Arkansas
Subsidized
62+
Accessible
Elderly Supportive Housing

Central City Apartments, Inc

595 Section Line Trl
Hot Springs, Arkansas
Subsidized
Accessible
Accessible
Disabled Supportive Housing

On Our Own II

111 Ardmore St
Hot Springs, Arkansas
Subsidized
62+
Accessible
Elderly Supportive Housing

Housing Authorities that serve Hot Springs

Housing Authority Programs
Hot Springs Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Hot Springs, Arkansas

There are 23 low income housing apartment communities offering 1,384 affordable apartments for rent in Hot Springs, Arkansas.

Income Based Apartments in Hot Springs, Arkansas

Hot Springs features 958 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 Hot Springs, Arkansas

There are 366 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hot Springs.

Housing Choice Vouchers in Hot Springs, Arkansas

On average, Section 8 Housing Choice vouchers pay Hot Springs landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Hot Springs.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hot Springs, Arkansas for a two-bedroom apartment is between $695 and $849.

2020 Hot Springs, Arkansas Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $554 $586 $772 $971 $1,202
Payment Standard Range $499 to $609 $527 to $645 $695 to $849 $874 to $1,068 $1,082 to $1,322

Sourced from federal housing data and AffordableHousingOnline.com research.

Hot Springs, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 23
Total Low Income Apartments 1,384
Total Housing Units with Rental Assistance 958
Percentage of Housing Units Occupied By Renters 46.38%
Average Renter Household Size 2.04
Average Household Size 2.17
Median Household Income $29,836 ±$1,891
Median Rent $666 ±$22
Percentage Of Renters Overburdened 58.31% ± 4.42pp
Total Population 35,539

Population and Household Demographics

Hot Springs is a City in Garland County, Arkansas with a population of 35,539. There are 15,642 households in the city with an average household size of 2.17 persons. 46.38% of households in Hot Springs are renters.

Income and Rent Overburden in Hot Springs

The median gross income for households in Hot Springs is $29,836 a year, or $2,486 a month. The median rent for the city is $666 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hot Springs, a household making less than $2,220 a month would be considered overburdened when renting an apartment at or above the median rent. 58.31% of households who rent are overburdened in Hot Springs.1

Area Median Income In Hot Springs

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Hot Springs, the AMI is calculated from all households within Garland County.

In Hot Springs, HUD calculates the Area Median Income for a family of four as $60,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Hot Springs

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Hot Springs

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $33,600 $35,900 $38,250
50% of Median $20,300 $23,200 $26,100 $28,950 $31,300 $33,600 $35,900 $38,250
80% of Median $32,450 $37,050 $41,700 $46,300 $50,050 $53,750 $57,450 $61,150