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

Discover affordable housing in Searcy where there are 12+ 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.

Redwood Complex

96 N Sawmill Rd, Searcy, Arkansas 72143

East Market Street Apartments

1703 E Market Ave, Searcy, Arkansas 72143

Homestead House

3210 E Moore Ave, Searcy, Arkansas 72143

Meadow Lake Apartments I & II

400 Meadow Lake Cir, Searcy, Arkansas 72143

bed 1-2
payment $390-450/mo.

810 W Park Ave

810 W Park Ave, Searcy, Arkansas 72143

bed 3
payment $995/mo.

1200 W Pleasure Ave

1200 W Pleasure Ave, Searcy, Arkansas 72143

bed 3
payment $800/mo.

The Ridge at Searcy

2001 Quality Dr, Searcy, Arkansas 72143

Christopher Homes Inc

17 Christopher Cir, Searcy, Arkansas 72143

White County Group Home

2 Mary Lou Dr, Searcy, Arkansas 72143

Country Square Apartments

605 Chrisp Ave, Searcy, Arkansas 72143

Searcy Apartments

801 North Pine, Searcy, Arkansas

Searcy Public Housing

811 W Park Ave, Searcy, Arkansas 72143

How To Identify Affordable Housing in Searcy, 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.
Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Searcy, Arkansas
$5.17 (+47%) more than Arkansas minimum wage and $8.92 (+123%) more than the Federal minimum wage.
Learn More About Searcy, Arkansas Affordable Housing ↓

What HUD offices serve Searcy, 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), Public Housing programs for Searcy, Arkansas.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Searcy, Arkansas.

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

How many renters live in Searcy, Arkansas?

The City of Searcy has 22,961 people living in 8,350 households.

There are 9,196 renters living in 4,127 renter households in this City. Renters make up 40.05 percent of the population living in Searcy.

What is the rental market like in Searcy, Arkansas?

There are an estimated 9,659 housing units in the Searcy area. Of these, 4,631 units are rental homes, making up 48 percent of the housing market. For every renter household in Searcy, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Searcy?

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

Occupied Rental Units by Size in Searcy
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
166 695 2,141 1,010 38
Occupied Rental Units by Size in Searcy

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

Among renter households in this market, 48 percent have housing cost burden. Further, 20 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 Searcy

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,272. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $704
Two BR $854
Three BR $1,133
Four BR $1,272
2024 Fair Market Rents in Searcy, Arkansas

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

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 26 16 percent
One BR 413 59 percent
Two BR 1,291 60 percent
Rental Units Below FMR in Searcy, Arkansas

How many affordable rental units are in Searcy?

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

Federal Program Unit Count
Low Income Housing Tax Credit 464
Public Housing 120
Section 8 Project-Based Rental Assistance 171
Section 811 Supportive Housing for Persons with Disabilities 36
USDA Section 515 Rural Rental Housing 80
Tracked Units by Federal Program in Searcy, Arkansas

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

Income Based Apartments in Searcy, Arkansas

Searcy features 733 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 Searcy, Arkansas

There are 113 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Searcy.

Housing Choice Vouchers in Searcy, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Searcy, Arkansas for a two-bedroom apartment is between $769 and $939.

Sourced from federal housing data and AffordableHousingOnline.com research.