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

Discover affordable housing in Lakeview where there are 1+ 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.

Lakeview Estates

107 Lakeview Dr, Lakeview, Arkansas 72642

How To Identify Affordable Housing in Lakeview, Arkansas

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lakeview, Arkansas
$16.88/hour
$5.88 (+53%) more than Arkansas minimum wage and $9.63 (+133%) more than the Federal minimum wage.
Learn More About Lakeview, Arkansas Affordable Housing ↓

How many renters live in Lakeview, Arkansas?

The City of Lakeview has people living in households.

There are renters living in renter households in this City. Renters make up 19.92 percent of the population living in Lakeview.

What is the rental market like in Lakeview, Arkansas?

There are an estimated housing units in the Lakeview area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lakeview, Arkansas, there are 1.08 rental units.

What is the vacancy rate for rentals in Lakeview?

The rental vacancy rate in Lakeview is 7 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 Lakeview for each bedroom size?

Occupied Rental Units by Size in Lakeview
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
20 22 32 15 0
Occupied Rental Units by Size in Lakeview

A large number of apartments in Lakeview have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Lakeview

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $674 to $1,257. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $674
One BR $678
Two BR $891
Three BR $1,119
Four BR $1,257
2024 Fair Market Rents in Lakeview, Arkansas

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

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 16 80 percent
One BR 9 41 percent
Two BR 14 44 percent
Rental Units Below FMR in Lakeview, Arkansas

How many affordable rental units are in Lakeview?

Income Based Apartments in Lakeview, Arkansas

Lakeview features 33 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 Lakeview, Arkansas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lakeview.

Housing Choice Vouchers in Lakeview, Arkansas

On average, Section 8 Housing Choice vouchers pay Lakeview landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lakeview.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lakeview, Arkansas for a two-bedroom apartment is between $802 and $980.

Sourced from federal housing data and AffordableHousingOnline.com research.