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

Discover affordable housing in Lamar where there are 2+ 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.

Lamar Apartments

299 N Cumberland St, Lamar, Arkansas 72846

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Parkwood Place Apartments

400 N Cazort St, Lamar, Arkansas 72846

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

How To Identify Affordable Housing in Lamar, 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.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lamar, Arkansas
$15.63/hour
$4.63 (+42%) more than Arkansas minimum wage and $8.38 (+116%) more than the Federal minimum wage.
Learn More About Lamar, Arkansas Affordable Housing ↓

What HUD offices serve Lamar, 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) programs for Lamar, Arkansas.

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

How many renters live in Lamar, Arkansas?

The City of Lamar has people living in households.

There are renters living in renter households in this City. Renters make up 23.8 percent of the population living in Lamar.

What is the rental market like in Lamar, Arkansas?

There are an estimated housing units in the Lamar area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lamar, Arkansas, there are 1.14 rental units.

What is the vacancy rate for rentals in Lamar?

The rental vacancy rate in Lamar is 6 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 Lamar for each bedroom size?

Occupied Rental Units by Size in Lamar
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 38 66 66 0
Occupied Rental Units by Size in Lamar

A large number of apartments in Lamar 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 Lamar

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $612 to $1,164. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $612
One BR $628
Two BR $825
Three BR $1,050
Four BR $1,164
2024 Fair Market Rents in Lamar, Arkansas

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

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
One BR 37 97 percent
Two BR 56 85 percent
Rental Units Below FMR in Lamar, Arkansas

How many affordable rental units are in Lamar?

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

Federal Program Unit Count
Low Income Housing Tax Credit
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Lamar, Arkansas

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

Income Based Apartments in Lamar, Arkansas

Lamar features 42 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 Lamar, Arkansas

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

Housing Choice Vouchers in Lamar, Arkansas

On average, Section 8 Housing Choice vouchers pay Lamar landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Lamar.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lamar, Arkansas for a two-bedroom apartment is between $743 and $908.

Sourced from federal housing data and AffordableHousingOnline.com research.