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

Discover affordable housing in Jonesboro where there are 19+ 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.

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Jonesboro, Arkansas
$6.73 (+61%) more than Arkansas minimum wage and $10.48 (+145%) more than the Federal minimum wage.
Learn More About Jonesboro, Arkansas Affordable Housing ↓

What HUD offices serve Jonesboro, 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 Jonesboro, Arkansas.

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

How many renters live in Jonesboro, Arkansas?

The City of Jonesboro has 79,884 people living in 31,528 households.

There are 28,402 renters living in 13,461 renter households in this City. Renters make up 35.55 percent of the population living in Jonesboro.

What is the rental market like in Jonesboro, Arkansas?

There are an estimated 33,565 housing units in the Jonesboro area. Of these, 14,821 units are rental homes, making up 44 percent of the housing market. For every renter household in Jonesboro, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Jonesboro?

The rental vacancy rate in Jonesboro is 4 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 Jonesboro for each bedroom size?

Occupied Rental Units by Size in Jonesboro
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
597 2,669 6,004 4,082 452
Occupied Rental Units by Size in Jonesboro

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

Among renter households in this market, 60 percent have housing cost burden. Further, 34 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 Jonesboro

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $634 to $1,560. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $634
One BR $767
Two BR $936
Three BR $1,226
Four BR $1,560
2024 Fair Market Rents in Jonesboro, Arkansas

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

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 357 60 percent
One BR 1,727 65 percent
Two BR 3,610 60 percent
Rental Units Below FMR in Jonesboro, Arkansas

How many affordable rental units are in Jonesboro?

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

Federal Program Unit Count
Low Income Housing Tax Credit 1,117
Public Housing 151
Section 8 Project-Based Rental Assistance 341
Section 202 Supportive Housing for the Elderly 76
Section 811 Supportive Housing for Persons with Disabilities 34
Tracked Units by Federal Program in Jonesboro, Arkansas

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

Income Based Apartments in Jonesboro, Arkansas

Jonesboro features 379 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 Jonesboro, Arkansas

There are 585 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Jonesboro.

Housing Choice Vouchers in Jonesboro, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Jonesboro, Arkansas for a two-bedroom apartment is between $842 and $1,030.

Sourced from federal housing data and AffordableHousingOnline.com research.