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

Discover affordable housing in Pike County where there are 5+ 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.

Pine View Manor Housing

1 Oak St, Murfreesboro, Arkansas 71958

Murfreesboro Apartments

200 Billy Winn Street, Murfreesboro, Arkansas 71958

Murfreesboro Villas Apartments

1480 N Maple Ave, Murfreesboro, Arkansas 71958

Pike County

211 W Haislip St, Murfreesboro, Arkansas 71958

Arkansas

523 W Railroad St, Delight, Arkansas 71940

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

What HUD offices serve Pike County, 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), Public Housing programs for Pike County, Arkansas.

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

How many renters live in Pike County, Arkansas?

The County of Pike County has 10,205 people living in 4,007 households.

There are 2,263 renters living in 984 renter households in this County. Renters make up 22.18 percent of the population living in Pike County.

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

There are an estimated 5,319 housing units in the Pike County area. Of these, 1,071 units are rental homes, making up 20 percent of the housing market. For every renter household in Pike County, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Pike County?

The rental vacancy rate in Pike County is 8 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 Pike County for each bedroom size?

Occupied Rental Units by Size in Pike County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
47 120 374 401 42
Occupied Rental Units by Size in Pike County

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

Among renter households in this market, 34 percent have housing cost burden. Further, 17 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 Pike County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,174. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $641
Two BR $814
Three BR $1,063
Four BR $1,174
2024 Fair Market Rents in Pike County, Arkansas

How many units are rented at Fair Market Rent (FMR) in Pike 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 38 81 percent
One BR 63 53 percent
Two BR 233 62 percent
Rental Units Below FMR in Pike County, Arkansas

How many affordable rental units are in Pike County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 103
Section 8 Project-Based Rental Assistance 20
USDA Section 515 Rural Rental Housing 61
Tracked Units by Federal Program in Pike County, Arkansas

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

Income Based Apartments in Pike County, Arkansas

Pike County features 68 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 Pike County, Arkansas

There are 35 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pike County.

Housing Choice Vouchers in Pike County, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.