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

Discover affordable housing in Plainview where there are 1+ 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.

Ninrod Sq. Apartments

102 W 2nd St, Plainview, Arkansas 72857

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Plainview, Arkansas
$4.42 (+40%) more than Arkansas minimum wage and $8.17 (+113%) more than the Federal minimum wage.
Learn More About Plainview, Arkansas Affordable Housing ↓

What HUD offices serve Plainview, 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 Plainview, Arkansas.

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

How many renters live in Plainview, Arkansas?

The City of Plainview has 450 people living in 201 households.

There are 89 renters living in 67 renter households in this City. Renters make up 19.78 percent of the population living in Plainview.

What is the rental market like in Plainview, Arkansas?

There are an estimated 269 housing units in the Plainview area. Of these, 67 units are rental homes, making up 25 percent of the housing market. For every renter household in Plainview, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Plainview?

The rental vacancy rate in Plainview 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 Plainview for each bedroom size?

Occupied Rental Units by Size in Plainview
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 45 4 12 0
Occupied Rental Units by Size in Plainview

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

Among renter households in this market, 16 percent have housing cost burden. Further, 10 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 Plainview

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,148. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $636
Two BR $814
Three BR $1,140
Four BR $1,148
2024 Fair Market Rents in Plainview, Arkansas

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

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 50 percent
One BR 41 91 percent
Two BR 0 100 percent
Rental Units Below FMR in Plainview, Arkansas

How many affordable rental units are in Plainview?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Plainview, Arkansas

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

Income Based Apartments in Plainview, Arkansas

Plainview features 24 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 Plainview, Arkansas

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

Housing Choice Vouchers in Plainview, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.