Low Income Apartments and Affordable Housing For Rent in Montgomery County, AR

Discover affordable housing in Montgomery County 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.

Caddo Creek Apartments

526 W Main St, Norman, Arkansas 71960

Broadway Terrace

612 E Broadway, Glenwood, Arkansas 71943

Northside Apartments

822 Smokey Bear Ln, Glenwood, Arkansas 71943

Mt Ida Gardens

Highway 27 Byp W, Mount Ida, Arkansas 71957

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Montgomery County, 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 Montgomery County, Arkansas Affordable Housing ↓

How many renters live in Montgomery County, Arkansas?

The County of Montgomery County has 8,555 people living in 3,589 households.

There are 1,624 renters living in 702 renter households in this County. Renters make up 18.98 percent of the population living in Montgomery County.

What is the rental market like in Montgomery County, Arkansas?

There are an estimated 5,473 housing units in the Montgomery County area. Of these, 746 units are rental homes, making up 14 percent of the housing market. For every renter household in Montgomery County, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Montgomery County?

The rental vacancy rate in Montgomery County is 3 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 Montgomery County for each bedroom size?

Occupied Rental Units by Size in Montgomery County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 139 209 311 35
Occupied Rental Units by Size in Montgomery County

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

Among renter households in this market, 31 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 Montgomery County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,381. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $725
Two BR $814
Three BR $1,073
Four BR $1,381
2024 Fair Market Rents in Montgomery County, Arkansas

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

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 3 38 percent
One BR 76 55 percent
Two BR 135 65 percent
Rental Units Below FMR in Montgomery County, Arkansas

How many affordable rental units are in Montgomery County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 20
Section 202 Supportive Housing for the Elderly 14
USDA Section 515 Rural Rental Housing 21
Tracked Units by Federal Program in Montgomery County, Arkansas

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

Income Based Apartments in Montgomery County, Arkansas

Montgomery County features 77 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 Montgomery County, Arkansas

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

Housing Choice Vouchers in Montgomery County, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.