Low Income Apartments and Affordable Housing For Rent in Stone County, AR

Discover affordable housing in Stone County where there are 8+ 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.

Pioneer Village

398 N Knox Ave, Mountain View, Arkansas 72560

Mountain Lodge Apartments

211 King Ave, Mountain View, Arkansas 72560

Pebble Creek Apartments

301 Pebble Creek Dr, Mountain View, Arkansas 72560

Mountain View Villas

808 Clarence St, Mountain View, Arkansas 72560

Friendship Comm. Living No Central

707 Massey Ave, Mountain View, Arkansas 72560

Calm Seas

417 N Peabody Ave, Mountain View, Arkansas 72560

Mesa Vista

Brewer AVE, Mountain View, Arkansas 72560

White River Regional

808 Oak Ave, Mountain View, Arkansas 72560

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 Stone County, 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 Stone County, Arkansas Affordable Housing ↓

What HUD offices serve Stone County, 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 Stone County, Arkansas.

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

How many renters live in Stone County, Arkansas?

The County of Stone County has 12,393 people living in 4,731 households.

There are 2,817 renters living in 1,310 renter households in this County. Renters make up 22.73 percent of the population living in Stone County.

What is the rental market like in Stone County, Arkansas?

There are an estimated 6,796 housing units in the Stone County area. Of these, 1,325 units are rental homes, making up 19 percent of the housing market. For every renter household in Stone County, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Stone County?

The rental vacancy rate in Stone County is 1 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 Stone County for each bedroom size?

Occupied Rental Units by Size in Stone County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
26 245 592 437 10
Occupied Rental Units by Size in Stone County

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

Among renter households in this market, 41 percent have housing cost burden. Further, 19 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 Stone County

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 $1,147
Four BR $1,148
2024 Fair Market Rents in Stone County, Arkansas

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

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 26 100 percent
One BR 125 51 percent
Two BR 338 57 percent
Rental Units Below FMR in Stone County, Arkansas

How many affordable rental units are in Stone County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 179
Section 8 Project-Based Rental Assistance 17
Section 202 Supportive Housing for the Elderly 1
Section 811 Supportive Housing for Persons with Disabilities 22
USDA Section 515 Rural Rental Housing 145
Tracked Units by Federal Program in Stone County, Arkansas

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

Income Based Apartments in Stone County, Arkansas

Stone County features 276 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 Stone County, Arkansas

There are 34 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stone County.

Housing Choice Vouchers in Stone County, Arkansas

On average, Section 8 Housing Choice vouchers pay Stone County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Stone County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.