. Low Income Apartments For Rent in Jasper, Arkansas - Affordable Housing Online

River Bend Apartments

609 W Court St
Jasper, Arkansas
Rent Assisted
S. 515 Rural

Buffalo River Village Apartments

201 W Church St
Jasper, Arkansas
Rent Assisted

Grandview Apartments - Jasper

202 Church St
Jasper, Arkansas
Rent Assisted
S. 515 Rural

Valley View Senior Citizens Apartments

501 W Mountain
Jasper, Arkansas
Rent Assisted
S. 515 Rural


Lot 20 Clark St
Jasper, Arkansas
Rent Assisted
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There are 92 low-income apartments in Jasper that offer reduced rents to eligible households.

Rental assistance programs support 30 low-income homes in Jasper where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $285 towards rent each month.

Affordable rent data for some communities last confirmed on January 3rd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Jasper, Arkansas Affordable Housing Data

Income Based Apartments in Jasper, Arkansas

Jasper features 30 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 Jasper, Arkansas

There are 92 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Jasper.

Housing Choice Vouchers in Jasper, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Jasper, Arkansas for a two-bedroom apartment is between $648 and $792.

2023 Jasper, 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
Jasper, Arkansas Fair Market Rent $539 $605 $720 $884 $1,226
Jasper, Arkansas Payment Standard Range $485 to $593 $545 to $666 $648 to $792 $796 to $972 $1,103 to $1,349

Sourced from federal housing data and AffordableHousingOnline.com research.

Jasper, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 122
Total Housing Units with Rental Assistance 30
Percentage of Housing Units Occupied By Renters 56.78%
Average Renter Household Size 1.63
Average Household Size 1.83
Median Household Income $24,028 ±$11,165
Median Rent $314 ±$38
Percentage Of Renters Overburdened 20.9% ± 20.97pp
Total Population 488

Population and Household Demographics

Jasper is a city in Newton County, Arkansas with a population of 488. There are 236 households in the city with an average household size of 1.83 persons. 56.78% of households in Jasper are renters.

Income and Rent Overburden in Jasper

The median gross income for households in Jasper is $24,028 a year, or $2,002 a month. The median rent for the city is $314 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Jasper, a household making less than $1,047 a month would be considered overburdened when renting an apartment at or above the median rent. 20.9% of households who rent are overburdened in Jasper.

Area Median Income In Jasper

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 Jasper, the AMI is calculated from all households within Newton County.

In Jasper, HUD calculates the Area Median Income for a family of four as $65,300

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 Jasper

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 Jasper

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Jasper AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,400 $36,950 $39,500 $42,050
50% AMI Income Limits
Renters earning up to 50% of the Jasper AMI may qualify for rental assistance programs that target Very Low Income households.
$22,300 $25,500 $28,700 $31,850 $34,400 $36,950 $39,500 $42,050
80% AMI Income Limits
Renters earning up to 80% of the Jasper AMI may qualify for rental assistance programs that target Low Income households.
$35,700 $40,800 $45,900 $50,950 $55,050 $59,150 $63,200 $67,300