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

Discover affordable housing in Izard 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.

Calico Pines Apartments

191 Grasse St, Calico Rock, Arkansas 72519

Lifeline Apartments

139 Conniebrook Ln, Melbourne, Arkansas 72556

Quail Run Apartments

126 Moser St, Melbourne, Arkansas 72556

Melbourne

135 College Dr, Melbourne, Arkansas 72556

Arkansas

Highway 9 @ County Rd 38, Oxford, Arkansas 72565

Calico Terrace

200 Highland St, Calico Rock, Arkansas 72519

Arkansas

Haley St, Melbourne, Arkansas 72556

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

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

What HUD offices serve Izard County, 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 Izard County, Arkansas.

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

How many renters live in Izard County, Arkansas?

The County of Izard County has 13,748 people living in 4,850 households.

There are 2,594 renters living in 1,103 renter households in this County. Renters make up 18.87 percent of the population living in Izard County.

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

There are an estimated 6,764 housing units in the Izard County area. Of these, 1,141 units are rental homes, making up 17 percent of the housing market. For every renter household in Izard County, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Izard County?

The rental vacancy rate in Izard County is 3 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 Izard County for each bedroom size?

Occupied Rental Units by Size in Izard County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
15 253 493 225 117
Occupied Rental Units by Size in Izard County

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

Among renter households in this market, 28 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 Izard 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 $683
Two BR $814
Three BR $1,075
Four BR $1,148
2024 Fair Market Rents in Izard County, Arkansas

How many units are rented at Fair Market Rent (FMR) in Izard 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 15 100 percent
One BR 163 64 percent
Two BR 312 63 percent
Rental Units Below FMR in Izard County, Arkansas

How many affordable rental units are in Izard County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 78
Section 8 Project-Based Rental Assistance 22
Section 811 Supportive Housing for Persons with Disabilities 10
USDA Section 515 Rural Rental Housing 57
Tracked Units by Federal Program in Izard County, Arkansas

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

Income Based Apartments in Izard County, Arkansas

Izard County features 169 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 Izard County, Arkansas

There are 21 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Izard County.

Housing Choice Vouchers in Izard County, Arkansas

On average, Section 8 Housing Choice vouchers pay Izard County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Izard County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.