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

Discover affordable housing in Wynne where there are 11+ 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.

Cross County Apartments

Hwy 1 N, Wynne, Arkansas 72396

Ridge View Apartments

1700 Eldrige, Wynne, Arkansas 72396

Cliffridge Apartments

850 Eldridge Ave E, Wynne, Arkansas 72396

Stonebrook Park of Wynne

433 S Stonebrook Cir, Wynne, Arkansas 72396

Wynne

200 Fisher Pl, Wynne, Arkansas 72396

Crosswynne Apts

529 W. Mulberry Ave., Wynne, Arkansas

Holly Place Apts

305 Holly Lane, Wynne, Arkansas

Brown Jerry R

1001 Oakwood, Wynne, Arkansas

Ridgeview Apartments Health Svcs of Ark ( Nahs )

Eldridge Rd, Wynne, Arkansas 72503

Ron Wes Apartments

503 C St, Wynne, Arkansas 72396

Ron Wes Lp

W Williams and C Sts, Wynne, Arkansas 72396

Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

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

What HUD offices serve Wynne, 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 Wynne, Arkansas.

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

How many renters live in Wynne, Arkansas?

The City of Wynne has 8,284 people living in 3,237 households.

There are 3,423 renters living in 1,464 renter households in this City. Renters make up 41.32 percent of the population living in Wynne.

What is the rental market like in Wynne, Arkansas?

There are an estimated 3,571 housing units in the Wynne area. Of these, 1,573 units are rental homes, making up 44 percent of the housing market. For every renter household in Wynne, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Wynne?

The rental vacancy rate in Wynne is 5 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 Wynne for each bedroom size?

Occupied Rental Units by Size in Wynne
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 153 634 660 17
Occupied Rental Units by Size in Wynne

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

Among renter households in this market, 49 percent have housing cost burden. Further, 21 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 Wynne

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $604 to $1,381. 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 $1,381
2024 Fair Market Rents in Wynne, Arkansas

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

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
One BR 128 84 percent
Two BR 451 71 percent
Rental Units Below FMR in Wynne, Arkansas

How many affordable rental units are in Wynne?

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

Federal Program Unit Count
Low Income Housing Tax Credit 144
Public Housing 70
Section 8 Project-Based Rental Assistance 81
Section 811 Supportive Housing for Persons with Disabilities 1
USDA Section 515 Rural Rental Housing 96
Tracked Units by Federal Program in Wynne, Arkansas

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

Income Based Apartments in Wynne, Arkansas

Wynne features 248 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 Wynne, Arkansas

There are 61 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wynne.

Housing Choice Vouchers in Wynne, Arkansas

On average, Section 8 Housing Choice vouchers pay Wynne landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Wynne.

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

Sourced from federal housing data and AffordableHousingOnline.com research.