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

Discover affordable housing in Lepanto where there are 4+ 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.

Stevens Square

100 Stevens Sq, Lepanto, Arkansas 72354

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based

John a Jennings,Jr

103 Dianna Street, Lepanto, Arkansas

switch_access_shortcut Short Wait

John a Jennings, Jr

9778 H Tyler Rd, Lepanto, Arkansas

switch_access_shortcut Short Wait

John a Jennings, Jr

9772 H Tyler Rd, Lepanto, Arkansas

switch_access_shortcut Short Wait

How To Identify Affordable Housing in Lepanto, 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 Lepanto, Arkansas
$4.42 (+40%) more than Arkansas minimum wage and $8.17 (+113%) more than the Federal minimum wage.
Learn More About Lepanto, Arkansas Affordable Housing ↓

What HUD offices serve Lepanto, 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 Public Housing programs for Lepanto, Arkansas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Lepanto, Arkansas.

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

How many renters live in Lepanto, Arkansas?

The City of Lepanto has people living in households.

There are renters living in renter households in this City. Renters make up 39.27 percent of the population living in Lepanto.

What is the rental market like in Lepanto, Arkansas?

There are an estimated housing units in the Lepanto area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lepanto, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Lepanto?

The rental vacancy rate in Lepanto is 0 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 Lepanto for each bedroom size?

Occupied Rental Units by Size in Lepanto
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 43 96 93 4
Occupied Rental Units by Size in Lepanto

A large number of apartments in Lepanto 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 Lepanto

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $615 to $1,084. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $615
One BR $620
Two BR $814
Three BR $1,080
Four BR $1,084
2024 Fair Market Rents in Lepanto, Arkansas

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

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 40 93 percent
Two BR 79 82 percent
Rental Units Below FMR in Lepanto, Arkansas

How many affordable rental units are in Lepanto?

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

Federal Program Unit Count
Public Housing
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Lepanto, Arkansas

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

Income Based Apartments in Lepanto, Arkansas

Lepanto features 58 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 Lepanto, Arkansas

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

Housing Choice Vouchers in Lepanto, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.