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

Discover affordable housing in Ravenden 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.

Cedar Ridge Apartments

345 S 2nd St, Ravenden, Arkansas 72459

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

What HUD offices serve Ravenden, 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 Ravenden, Arkansas.

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

How many renters live in Ravenden, Arkansas?

The City of Ravenden has 432 people living in 155 households.

There are 120 renters living in 39 renter households in this City. Renters make up 27.78 percent of the population living in Ravenden.

What is the rental market like in Ravenden, Arkansas?

There are an estimated 195 housing units in the Ravenden area. Of these, 43 units are rental homes, making up 22 percent of the housing market. For every renter household in Ravenden, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Ravenden?

The rental vacancy rate in Ravenden is 9 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 Ravenden for each bedroom size?

Occupied Rental Units by Size in Ravenden
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 8 8 18 5
Occupied Rental Units by Size in Ravenden

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

Among renter households in this market, 51 percent have housing cost burden. Further, 23 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 Ravenden

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,276. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $620
Two BR $814
Three BR $1,082
Four BR $1,276
2024 Fair Market Rents in Ravenden, Arkansas

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

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 2 25 percent
Two BR 8 100 percent
Rental Units Below FMR in Ravenden, Arkansas

How many affordable rental units are in Ravenden?

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

Federal Program Unit Count
Section 202 Supportive Housing for the Elderly 12
Tracked Units by Federal Program in Ravenden, Arkansas

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

Income Based Apartments in Ravenden, Arkansas

Ravenden features 12 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 Ravenden, Arkansas

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

Housing Choice Vouchers in Ravenden, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.