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

Lincoln Terrace Apartments

803 E Pridemore Dr
Lincoln, Arkansas
Rent Assisted
S. 515 Rural

Lincoln Gardens

1205 E North St
Lincoln, Arkansas
Rent Assisted

Lakeview Estates

1702 S Mitchell Ave
Lincoln, Arkansas
Rent Assisted
S. 515 Rural
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There are 32 low-income apartments in Lincoln that offer reduced rents to eligible households.

Rental assistance programs support 40 low-income homes in Lincoln where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $346 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.

Lincoln, Arkansas Affordable Housing Data

Income Based Apartments in Lincoln, Arkansas

Lincoln features 40 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 Lincoln, Arkansas

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lincoln.

Housing Choice Vouchers in Lincoln, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lincoln, Arkansas for a two-bedroom apartment is between $837 and $1,023.

2023 Lincoln, 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
Lincoln, Arkansas Fair Market Rent $720 $764 $930 $1,322 $1,582
Lincoln, Arkansas Payment Standard Range $648 to $792 $688 to $840 $837 to $1,023 $1,190 to $1,454 $1,424 to $1,740

Sourced from federal housing data and AffordableHousingOnline.com research.

Lincoln, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 72
Total Housing Units with Rental Assistance 40
Percentage of Housing Units Occupied By Renters 48.85%
Average Renter Household Size 2.54
Average Household Size 2.45
Median Household Income $23,692 ±$4,750
Median Rent $619 ±$75
Percentage Of Renters Overburdened 55.96% ± 15.25pp
Total Population 2,232

Population and Household Demographics

Lincoln is a city in Washington County, Arkansas with a population of 2,232. There are 911 households in the city with an average household size of 2.45 persons. 48.85% of households in Lincoln are renters.

Income and Rent Overburden in Lincoln

The median gross income for households in Lincoln is $23,692 a year, or $1,974 a month. The median rent for the city is $619 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lincoln, a household making less than $2,063 a month would be considered overburdened when renting an apartment at or above the median rent. 55.96% of households who rent are overburdened in Lincoln.

Area Median Income In Lincoln

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 Lincoln, the AMI is calculated from all households within Washington County.

In Lincoln, HUD calculates the Area Median Income for a family of four as $92,400

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 Lincoln

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 Lincoln

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Lincoln AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,650 $21,300 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Lincoln AMI may qualify for rental assistance programs that target Very Low Income households.
$31,050 $35,450 $39,900 $44,300 $47,850 $51,400 $54,950 $58,500
80% AMI Income Limits
Renters earning up to 80% of the Lincoln AMI may qualify for rental assistance programs that target Low Income households.
$49,650 $56,750 $63,850 $70,900 $76,600 $82,250 $87,950 $93,600