. Low Income Apartments For Rent in Leslie, Arkansas - Affordable Housing Online

Cove Creek Senior Apartments

678 Oak St
Leslie, Arkansas
Rent Assisted
S. 515 Rural

Glen Echo Apartments

Elm St
Leslie, Arkansas
Rent Assisted
S. 515 Rural

Cove Creek Senior Citizens Apartments

803 Oak St
Leslie, Arkansas
Rent Assisted
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There are 21 low-income apartments in Leslie that offer reduced rents to eligible households.

Rental assistance programs support 46 low-income homes in Leslie where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Leslie, Arkansas Affordable Housing Data

Income Based Apartments in Leslie, Arkansas

Leslie features 46 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 21 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 $648 and $792.

2023 Leslie, Arkansas Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Leslie, Arkansas Fair Market Rent $539 $547 $720 $930 $1,024
Leslie, Arkansas Payment Standard Range $485 to $593 $492 to $602 $648 to $792 $837 to $1,023 $922 to $1,126

Sourced from federal housing data and AffordableHousingOnline.com research.

Leslie, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 67
Total Housing Units with Rental Assistance 46
Percentage of Housing Units Occupied By Renters 41.33%
Average Renter Household Size 2.57
Average Household Size 2.70
Median Household Income $19,643 ±$10,232
Median Rent $413 ±$184
Percentage Of Renters Overburdened 54.32% ± 22.87pp
Total Population 529

Population and Household Demographics

Leslie is a city in Searcy County, Arkansas with a population of 529. There are 196 households in the city with an average household size of 2.70 persons. 41.33% of households in Leslie are renters.

Income and Rent Overburden in Leslie

The median gross income for households in Leslie is $19,643 a year, or $1,637 a month. The median rent for the city is $413 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Leslie, a household making less than $1,377 a month would be considered overburdened when renting an apartment at or above the median rent. 54.32% of households who rent are overburdened in Leslie.

Area Median Income In Leslie

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Leslie, the AMI is calculated from all households within Searcy County.

In Leslie, HUD calculates the Area Median Income for a family of four as $55,800

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Leslie

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Leslie

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30% AMI Income Limits
Renters earning up to 30% of the Leslie AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,250 $36,800 $39,350 $41,850
50% AMI Income Limits
Renters earning up to 50% of the Leslie AMI may qualify for rental assistance programs that target Very Low Income households.
$22,200 $25,400 $28,550 $31,700 $34,250 $36,800 $39,350 $41,850
80% AMI Income Limits
Renters earning up to 80% of the Leslie AMI may qualify for rental assistance programs that target Low Income households.
$35,500 $40,600 $45,650 $50,700 $54,800 $58,850 $62,900 $66,950