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

Discover affordable housing in Faulkner County where there are 30+ 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 Ridge at Conway

1960 Rich Smith Ln, Conway, Arkansas 72032

Cottages at Conway

1915 RichSmith Lane, Conway, Arkansas 72032

Conway Housing Associates

704 4th Ave, Conway, Arkansas 72032

Brierwood Apartments

4 Douglas St, Greenbrier, Arkansas 72058

Autumn Manor

315 Hubbard Rd, Conway, Arkansas 72034

Stone Ridge at Conway

1985 Rich Smith Ln, Conway, Arkansas 72032

Old Conway Village

1440 Sutton St, Conway, Arkansas 72032

Rock Creek Apartments

375 Monroe St, Conway, Arkansas 72032

Greenbrier Gardens II

54 Mountain Dr, Greenbrier, Arkansas 72058

Woodland Oaks Apartments

1620 Middle Road, Conway, Arkansas 72032

Oakwood Place Apartments

1701 Hairston, Conway, Arkansas 72034

Village of Seven Mornings ( Fka Conway Senior Citizens )

1400 Harkrider St, Conway, Arkansas 72032

Florentz Estates

1125 Addybrook Lane, Conway, Arkansas 72032

Independent Living of Greenbrier

Cedar St, Greenbrier, Arkansas 72058

Donaghey Court Apartments

801 S German Ln, Conway, Arkansas 72034

Chapelridge of Conway

401 2nd St, Conway, Arkansas 72032

East Oakwood Apartments

1651 Hairston St, Conway, Arkansas 72034

Sheltered Living Services

1627 Tyler St, Conway, Arkansas 72032

Conway Apartments

855 S Salem Rd, Conway, Arkansas 72034

Independent Living Group Homes

1617 Independence Ave, Conway, Arkansas 72034

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Faulkner County, 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 Faulkner County, Arkansas Affordable Housing ↓

How many renters live in Faulkner County, Arkansas?

The County of Faulkner County has 127,665 people living in 49,270 households.

There are 39,364 renters living in 18,532 renter households in this County. Renters make up 30.83 percent of the population living in Faulkner County.

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

There are an estimated 52,070 housing units in the Faulkner County area. Of these, 19,331 units are rental homes, making up 37 percent of the housing market. For every renter household in Faulkner County, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Faulkner County?

The rental vacancy rate in Faulkner County 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 Faulkner County for each bedroom size?

Occupied Rental Units by Size in Faulkner County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
369 2,182 8,779 5,728 676
Occupied Rental Units by Size in Faulkner County

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

Among renter households in this market, 35 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 Faulkner County

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 Faulkner County, Arkansas

How many units are rented at Fair Market Rent (FMR) in Faulkner 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 142 38 percent
One BR 1,718 79 percent
Two BR 6,951 79 percent
Rental Units Below FMR in Faulkner County, Arkansas

How many affordable rental units are in Faulkner County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 1,535
Public Housing 153
Section 8 Project-Based Rental Assistance 196
Section 811 Supportive Housing for Persons with Disabilities 51
USDA Section 515 Rural Rental Housing 90
Tracked Units by Federal Program in Faulkner County, Arkansas

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

Income Based Apartments in Faulkner County, Arkansas

Faulkner County features 367 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 Faulkner County, Arkansas

There are 1,199 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Faulkner County.

Housing Choice Vouchers in Faulkner County, Arkansas

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.