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

Discover affordable housing in Nevada County where there are 7+ 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.

Hawthorne Apartments

615 E 3rd St S, Prescott, Arkansas 71857

Nevada County Group Home

678 Hatley Ave, Prescott, Arkansas 71857

Prescott Apartments

420 E 6th St S, Prescott, Arkansas 71857

Martin Place II Apartments

508 Martin St, Prescott, Arkansas 71857

Prescott, City Of

Walter Acres Subdivis, Prescott, Arkansas 71857

North Terrace Addition

700 High Meadow St, Prescott, Arkansas 71857

Pre Ark Housing ( Fka Prescott Scattered )

654 Hatley Ave, Prescott, Arkansas 71857

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 Nevada County, 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 Nevada County, Arkansas
$16.69/hour
$5.69 (+52%) more than Arkansas minimum wage and $9.44 (+130%) more than the Federal minimum wage.
Learn More About Nevada County, Arkansas Affordable Housing ↓

How many renters live in Nevada County, Arkansas?

The County of Nevada County has people living in households.

There are renters living in renter households in this County. Renters make up 27.71 percent of the population living in Nevada County.

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

There are an estimated housing units in the Nevada County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Nevada County, Arkansas, there are 1.2 rental units.

What is the vacancy rate for rentals in Nevada County?

The rental vacancy rate in Nevada County is 17 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 Nevada County for each bedroom size?

Occupied Rental Units by Size in Nevada County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 103 417 480 51
Occupied Rental Units by Size in Nevada County

A large number of apartments in Nevada County 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 Nevada County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $653 to $1,243. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $653
One BR $671
Two BR $881
Three BR $1,065
Four BR $1,243
2024 Fair Market Rents in Nevada County, Arkansas

How many units are rented at Fair Market Rent (FMR) in Nevada 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
One BR 98 95 percent
Two BR 190 46 percent
Rental Units Below FMR in Nevada County, Arkansas

How many affordable rental units are in Nevada County?

There are a variety of federal affordable housing programs serving households in Nevada County, 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 Nevada County, Arkansas

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

Income Based Apartments in Nevada County, Arkansas

Nevada County features 164 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 Nevada County, Arkansas

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nevada County.

Housing Choice Vouchers in Nevada County, Arkansas

On average, Section 8 Housing Choice vouchers pay Nevada County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Nevada County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Nevada County, Arkansas for a two-bedroom apartment is between $793 and $969.

Sourced from federal housing data and AffordableHousingOnline.com research.