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

Discover affordable housing in Palestine where there are 3+ 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.

Alcott Manor Apartments

7923 Highway 70 W, Palestine, Arkansas 72372

Christopher Homes of Palestine

21 Christopher Pl, Palestine, Arkansas 72372

Caleb Jones Farms

507 North Main, Palestine, Arkansas

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Palestine, Arkansas
$15.78/hour
$4.78 (+43%) more than Arkansas minimum wage and $8.53 (+118%) more than the Federal minimum wage.
Learn More About Palestine, Arkansas Affordable Housing ↓

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

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

How many renters live in Palestine, Arkansas?

The City of Palestine has 768 people living in 271 households.

There are 288 renters living in 101 renter households in this City. Renters make up 37.5 percent of the population living in Palestine.

What is the rental market like in Palestine, Arkansas?

There are an estimated 300 housing units in the Palestine area. Of these, 101 units are rental homes, making up 34 percent of the housing market. For every renter household in Palestine, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Palestine?

The rental vacancy rate in Palestine is 0 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 Palestine for each bedroom size?

Occupied Rental Units by Size in Palestine
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2 4 58 37 0
Occupied Rental Units by Size in Palestine

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

Among renter households in this market, 54 percent have housing cost burden. Further, 9 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 Palestine

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $618 to $1,166. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $618
One BR $660
Two BR $833
Three BR $1,161
Four BR $1,166
2024 Fair Market Rents in Palestine, Arkansas

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

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 2 100 percent
One BR 4 100 percent
Two BR 30 52 percent
Rental Units Below FMR in Palestine, Arkansas

How many affordable rental units are in Palestine?

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

Federal Program Unit Count
Low Income Housing Tax Credit 18
Section 202 Supportive Housing for the Elderly 19
USDA Section 515 Rural Rental Housing 18
Tracked Units by Federal Program in Palestine, Arkansas

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

Income Based Apartments in Palestine, Arkansas

Palestine features 38 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 Palestine, Arkansas

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

Housing Choice Vouchers in Palestine, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Palestine, Arkansas for a two-bedroom apartment is between $750 and $916.

Sourced from federal housing data and AffordableHousingOnline.com research.