. Low Income Apartments For Rent in Reyno, Arkansas - Affordable Housing Online

Reyno Manor

9 Reyno Manor
Reyno, Arkansas
Rent Assisted
S. 515 Rural

Pine Village

# 10 Pine Village Circle
Reyno, Arkansas
Rent Assisted
S. 515 Rural

Reyno Elderly Apartments

1 Hickory St
Reyno, Arkansas
Rent Assisted
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There are 17 low-income apartments in Reyno that offer reduced rents to eligible households.

Rental assistance programs support 40 low-income homes in Reyno where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.

Reyno, Arkansas Affordable Housing Data

Income Based Apartments in Reyno, Arkansas

Reyno features 40 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 Reyno, Arkansas

There are 17 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Reyno.

Housing Choice Vouchers in Reyno, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Reyno, Arkansas for a two-bedroom apartment is between $648 and $792.

2023 Reyno, Arkansas Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Reyno, Arkansas Fair Market Rent $624 $637 $720 $980 $1,226
Reyno, Arkansas Payment Standard Range $562 to $686 $573 to $701 $648 to $792 $882 to $1,078 $1,103 to $1,349

Sourced from federal housing data and AffordableHousingOnline.com research.

Reyno, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 57
Total Housing Units with Rental Assistance 40
Percentage of Housing Units Occupied By Renters 44.97%
Average Renter Household Size 2.14
Average Household Size 2.21
Median Household Income $23,194 ±$7,531
Median Rent $423 ±$67
Percentage Of Renters Overburdened 42.35% ± 18.77pp
Total Population 417

Population and Household Demographics

Reyno is a city in Randolph County, Arkansas with a population of 417. There are 189 households in the city with an average household size of 2.21 persons. 44.97% of households in Reyno are renters.

Income and Rent Overburden in Reyno

The median gross income for households in Reyno is $23,194 a year, or $1,933 a month. The median rent for the city is $423 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Reyno, a household making less than $1,410 a month would be considered overburdened when renting an apartment at or above the median rent. 42.35% of households who rent are overburdened in Reyno.

Area Median Income In Reyno

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Reyno, the AMI is calculated from all households within Randolph County.

In Reyno, HUD calculates the Area Median Income for a family of four as $62,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Reyno

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Reyno

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Reyno AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,250 $36,800 $39,350 $41,850
50% AMI Income Limits
Renters earning up to 50% of the Reyno AMI may qualify for rental assistance programs that target Very Low Income households.
$22,200 $25,400 $28,550 $31,700 $34,250 $36,800 $39,350 $41,850
80% AMI Income Limits
Renters earning up to 80% of the Reyno AMI may qualify for rental assistance programs that target Low Income households.
$35,500 $40,600 $45,650 $50,700 $54,800 $58,850 $62,900 $66,950