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

Apply to Russell Apartment Waiting Lists

Oakridge Apartments

406 SW 2nd St
Russell, Arkansas
Rent Assisted
S. 515 Rural
Call For Rent
1-2 BR

Inman Acres White River Apartments

Russell, Arkansas
1 BR
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There are 0 low-income apartments in Russell that offer reduced rents to eligible households.

Rental assistance programs support 35 low-income homes in Russell where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $244 towards rent each month.

Affordable rent data for some communities last confirmed on August 6th, 2021. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Russell, 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.

Housing Authority Programs
White River Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Arkansas Public Housing and Low-Income Apartments Waiting Lists page for openings near Russell.

Russell, Arkansas Affordable Housing Data

Income Based Apartments in Russell, Arkansas

Russell features 35 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 Russell, Arkansas

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

Housing Choice Vouchers in Russell, Arkansas

On average, Section 8 Housing Choice vouchers pay Russell landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Russell.

The maximum amount a voucher would pay on behalf of a low-income tenant in Russell, Arkansas for a two-bedroom apartment is between $665 and $813.

2023 Russell, 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
Russell, Arkansas Fair Market Rent $503 $596 $739 $998 $1,246
Russell, Arkansas Payment Standard Range $453 to $553 $536 to $656 $665 to $813 $898 to $1,098 $1,121 to $1,371

Sourced from federal housing data and AffordableHousingOnline.com research.

Russell, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 35
Total Housing Units with Rental Assistance 35
Percentage of Housing Units Occupied By Renters 44.44%
Average Renter Household Size 2.25
Average Household Size 2.22
Median Household Income $29,375 ±$17,511
Median Rent $270 ±$16
Percentage Of Renters Overburdened 34.09% ± 24.41pp
Total Population 220

Population and Household Demographics

Russell is a city in White County, Arkansas with a population of 220. There are 99 households in the city with an average household size of 2.22 persons. 44.44% of households in Russell are renters.

Income and Rent Overburden in Russell

The median gross income for households in Russell is $29,375 a year, or $2,448 a month. The median rent for the city is $270 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Russell, a household making less than $900 a month would be considered overburdened when renting an apartment at or above the median rent. 34.09% of households who rent are overburdened in Russell.

Area Median Income In Russell

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 Russell, the AMI is calculated from all households within White County.

In Russell, HUD calculates the Area Median Income for a family of four as $69,700

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 Russell

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 Russell

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 Russell AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,850 $37,450 $40,000 $42,600
50% AMI Income Limits
Renters earning up to 50% of the Russell AMI may qualify for rental assistance programs that target Very Low Income households.
$22,600 $25,800 $29,050 $32,250 $34,850 $37,450 $40,000 $42,600
80% AMI Income Limits
Renters earning up to 80% of the Russell AMI may qualify for rental assistance programs that target Low Income households.
$36,100 $41,250 $46,400 $51,550 $55,700 $59,800 $63,950 $68,050