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

Discover affordable housing in Ravenden Springs 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.

Sunshine Valley Apt Suneshine Valley

150 Galbraith Rd, Ravenden Springs, Arkansas

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 Ravenden Springs, 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 Ravenden Springs, 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 Springs, Arkansas Affordable Housing ↓

How many renters live in Ravenden Springs, Arkansas?

The City of Ravenden Springs has people living in households.

There are renters living in renter households in this City. Renters make up 34.78 percent of the population living in Ravenden Springs.

What is the rental market like in Ravenden Springs, Arkansas?

There are an estimated housing units in the Ravenden Springs area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Ravenden Springs, Arkansas, there are 1.07 rental units.

What is the vacancy rate for rentals in Ravenden Springs?

The rental vacancy rate in Ravenden Springs is 7 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 Springs for each bedroom size?

Occupied Rental Units by Size in Ravenden Springs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 42 0 0
Occupied Rental Units by Size in Ravenden Springs

A large number of apartments in Ravenden Springs 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 Ravenden Springs

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,381. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $725
Two BR $814
Three BR $1,147
Four BR $1,381
2024 Fair Market Rents in Ravenden Springs, Arkansas

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

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
Two BR 28 67 percent
Rental Units Below FMR in Ravenden Springs, Arkansas

How many affordable rental units are in Ravenden Springs?

Income Based Apartments in Ravenden Springs, Arkansas

Ravenden Springs features 15 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 Springs, Arkansas

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

Housing Choice Vouchers in Ravenden Springs, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.