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

Discover affordable housing in Leslie where there are 3+ 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.

Cove Creek Senior Apartments

678 Oak St, Leslie, Arkansas 72645

Glen Echo Apartments

Elm St, Leslie, Arkansas 72645

Cove Creek Senior Citizens Apartments

803 Oak St, Leslie, Arkansas 72645

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Leslie, Arkansas
$15.42/hour
$4.42 (+40%) more than Arkansas minimum wage and $8.17 (+113%) more than the Federal minimum wage.
Learn More About Leslie, Arkansas Affordable Housing ↓

How many renters live in Leslie, Arkansas?

The City of Leslie has 483 people living in 211 households.

There are 247 renters living in 112 renter households in this City. Renters make up 51.14 percent of the population living in Leslie.

What is the rental market like in Leslie, Arkansas?

There are an estimated 271 housing units in the Leslie area. Of these, 117 units are rental homes, making up 43 percent of the housing market. For every renter household in Leslie, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Leslie?

The rental vacancy rate in Leslie 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 Leslie for each bedroom size?

Occupied Rental Units by Size in Leslie
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
11 36 51 14 0
Occupied Rental Units by Size in Leslie

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

Among renter households in this market, 46 percent have housing cost burden. Further, 21 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 Leslie

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,148. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $620
Two BR $814
Three BR $1,042
Four BR $1,148
2024 Fair Market Rents in Leslie, Arkansas

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

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 11 100 percent
One BR 36 100 percent
Two BR 47 92 percent
Rental Units Below FMR in Leslie, Arkansas

How many affordable rental units are in Leslie?

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

Federal Program Unit Count
Low Income Housing Tax Credit 45
USDA Section 515 Rural Rental Housing 46
Tracked Units by Federal Program in Leslie, Arkansas

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

Income Based Apartments in Leslie, Arkansas

Leslie features 67 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 Leslie, Arkansas

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

Housing Choice Vouchers in Leslie, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.