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

Discover affordable housing in Stamps 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.

Lafayette Square Apts

1554 Lafayette Dr, Stamps, Arkansas

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Stamps, 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 Stamps, 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 Stamps, Arkansas Affordable Housing ↓

What HUD offices serve Stamps, 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) programs for Stamps, Arkansas.

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

How many renters live in Stamps, Arkansas?

The City of Stamps has people living in households.

There are renters living in renter households in this City. Renters make up 35.04 percent of the population living in Stamps.

What is the rental market like in Stamps, Arkansas?

There are an estimated housing units in the Stamps area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Stamps, Arkansas, there are 1.06 rental units.

What is the vacancy rate for rentals in Stamps?

The rental vacancy rate in Stamps is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Stamps for each bedroom size?

Occupied Rental Units by Size in Stamps
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
20 27 70 52 22
Occupied Rental Units by Size in Stamps

A large number of apartments in Stamps 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 Stamps

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,148. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $604
One BR $620
Two BR $814
Three BR $984
Four BR $1,148
2024 Fair Market Rents in Stamps, Arkansas

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

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 20 100 percent
One BR 0 100 percent
Two BR 59 84 percent
Rental Units Below FMR in Stamps, Arkansas

How many affordable rental units are in Stamps?

There are a variety of federal affordable housing programs serving households in Stamps, 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 Stamps, Arkansas

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

Income Based Apartments in Stamps, Arkansas

Stamps features 28 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 Stamps, Arkansas

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

Housing Choice Vouchers in Stamps, Arkansas

On average, Section 8 Housing Choice vouchers pay Stamps landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Stamps.

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

Sourced from federal housing data and AffordableHousingOnline.com research.