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

Discover affordable housing in Sherwood where there are 14+ 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.

Park Crest Apartments

100 Manson Road, Sherwood, Arkansas 72120

bed 1-3
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

The Cove at 300

300 Indianhead Dr, Sherwood, Arkansas 72120

bed 1
payment $715/mo.

The Retreat at Sherwood

100 Manson Rd, Sherwood, Arkansas 72120

bed 1-3
payment $925-1275/mo.

1411 Stafford Rd

1411 Stafford Rd, Sherwood, Arkansas 72120

bed 3
payment $1095/mo.

12440 Maryland Pl

12440 Maryland Pl, Sherwood, Arkansas 72120

bed 3
payment $1400/mo.

412 E Lee Ave

412 E Lee Ave, Sherwood, Arkansas 72120

bed 3
payment $1300/mo.

209 Taylor Rd

209 Taylor Rd, Sherwood, Arkansas 72120

bed 2
payment $850/mo.

8815 Woodbine Dr Unit 802

8815 Woodbine Dr Unit 802, Sherwood, Arkansas 72120

bed 2
payment $715/mo.

211 Pineview Ave

211 Pineview Ave, Sherwood, Arkansas 72120

bed 3
payment $1295/mo.

8303 Pennwood Dr

8303 Pennwood Dr, Sherwood, Arkansas 72120

bed 3
payment $1095/mo.

412 E Lee Ave

412 E Lee Ave, Sherwood, Arkansas 72120

bed 3
payment $1300/mo.

8304 Woodview Dr S Unit A

8304 Woodview Dr S Unit A, Sherwood, Arkansas 72120

bed 2
payment $875/mo.

800 Wildwood Ave

800 Wildwood Ave, Sherwood, Arkansas 72120

bed 4
payment $1495/mo.

Senior Residences of Sherwood

201 Teague Ln, Sherwood, Arkansas 72120

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

How To Identify Affordable Housing in Sherwood, 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.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Sherwood, Arkansas
$20.63/hour
$9.63 (+88%) more than Arkansas minimum wage and $13.38 (+184%) more than the Federal minimum wage.
Learn More About Sherwood, Arkansas Affordable Housing ↓

What HUD offices serve Sherwood, 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, Homeownership Voucher, Family Self-Sufficiency, Section 8 Project-Based Voucher (PBV), Rental Assistance Demonstration (RAD) programs for Sherwood, Arkansas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Sherwood, Arkansas.

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

How many renters live in Sherwood, Arkansas?

The City of Sherwood has people living in households.

There are renters living in renter households in this City. Renters make up 27.31 percent of the population living in Sherwood.

What is the rental market like in Sherwood, Arkansas?

There are an estimated housing units in the Sherwood area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Sherwood, Arkansas, there are 1.12 rental units.

What is the vacancy rate for rentals in Sherwood?

The rental vacancy rate in Sherwood is 8 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 Sherwood for each bedroom size?

Occupied Rental Units by Size in Sherwood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
136 743 1,158 1,575 229
Occupied Rental Units by Size in Sherwood

A large number of apartments in Sherwood 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 Sherwood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $944 to $1,717. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $944
One BR $950
Two BR $1,089
Three BR $1,454
Four BR $1,717
2024 Fair Market Rents in Sherwood, Arkansas

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

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 86 63 percent
One BR 553 74 percent
Two BR 850 73 percent
Rental Units Below FMR in Sherwood, Arkansas

How many affordable rental units are in Sherwood?

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

Federal Program Unit Count
Low Income Housing Tax Credit
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Sherwood, Arkansas

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

Income Based Apartments in Sherwood, Arkansas

Sherwood features 0 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 Sherwood, Arkansas

There are 281 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sherwood.

Housing Choice Vouchers in Sherwood, Arkansas

On average, Section 8 Housing Choice vouchers pay Sherwood landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Sherwood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Sherwood, Arkansas for a two-bedroom apartment is between $980 and $1,198.

Sourced from federal housing data and AffordableHousingOnline.com research.

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