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

Discover affordable housing in Magnolia where there are 8+ 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.

St Charles Apartments

601 Ruth, Magnolia, Arkansas 71753

Pine Valley Apartments

100 Sherwood Dr, Magnolia, Arkansas 71753

Ridge at Magnolia

1640 E Main St, Magnolia, Arkansas 71753

Ralph Weiser Independent Living Center

1320 E North St, Magnolia, Arkansas 71753

Jay Johnston Group Living Center

816 W Main St, Magnolia, Arkansas 71753

Westwood Village

1032 Mullins, Magnolia, Arkansas 71753

Pine Valley

205 S Verda, Magnolia, Arkansas 71753

Magnolia Apt

1300 West University, Magnolia, Arkansas

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Magnolia, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Magnolia, 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 Magnolia, Arkansas Affordable Housing ↓

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

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

How many renters live in Magnolia, Arkansas?

The City of Magnolia has people living in households.

There are renters living in renter households in this City. Renters make up 34.85 percent of the population living in Magnolia.

What is the rental market like in Magnolia, Arkansas?

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

What is the vacancy rate for rentals in Magnolia?

The rental vacancy rate in Magnolia is 10 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Magnolia for each bedroom size?

Occupied Rental Units by Size in Magnolia
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
143 405 352 635 25
Occupied Rental Units by Size in Magnolia

A large number of apartments in Magnolia 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 Magnolia

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 Magnolia, Arkansas

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

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 27 19 percent
One BR 371 92 percent
Two BR 209 59 percent
Rental Units Below FMR in Magnolia, Arkansas

How many affordable rental units are in Magnolia?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Magnolia, Arkansas

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

Income Based Apartments in Magnolia, Arkansas

Magnolia features 402 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 Magnolia, Arkansas

There are 64 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Magnolia.

Housing Choice Vouchers in Magnolia, Arkansas

On average, Section 8 Housing Choice vouchers pay Magnolia landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Magnolia.

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

Sourced from federal housing data and AffordableHousingOnline.com research.