Low Income Apartments and Affordable Housing For Rent in Peabody, KS

Discover affordable housing in Peabody 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.

Indian Guide Terrace

501 N Vine St, Peabody, Kansas 66866

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Peabody, Kansas
$16.70/hour
$9.45 (+130%) more than Kansas minimum wage and $9.45 (+130%) more than the Federal minimum wage.
Learn More About Peabody, Kansas Affordable Housing ↓

How many renters live in Peabody, Kansas?

The City of Peabody has 1,259 people living in 423 households.

There are 158 renters living in 78 renter households in this City. Renters make up 12.55 percent of the population living in Peabody.

What is the rental market like in Peabody, Kansas?

There are an estimated 536 housing units in the Peabody area. Of these, 99 units are rental homes, making up 18 percent of the housing market. For every renter household in Peabody, Kansas, there are 1 rental units.

What is the vacancy rate for rentals in Peabody?

The rental vacancy rate in Peabody is 19 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 Peabody for each bedroom size?

Occupied Rental Units by Size in Peabody
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 25 38 6 5
Occupied Rental Units by Size in Peabody

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

Among renter households in this market, 21 percent have housing cost burden. Further, 18 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 Peabody

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $633 to $1,175. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $633
One BR $684
Two BR $882
Three BR $1,170
Four BR $1,175
2024 Fair Market Rents in Peabody, Kansas

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

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 15 60 percent
Two BR 27 71 percent
Rental Units Below FMR in Peabody, Kansas

How many affordable rental units are in Peabody?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 24
Tracked Units by Federal Program in Peabody, Kansas

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

Income Based Apartments in Peabody, Kansas

Peabody features 24 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 Peabody, Kansas

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

Housing Choice Vouchers in Peabody, Kansas

On average, Section 8 Housing Choice vouchers pay Peabody landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Peabody.

The maximum amount a voucher would pay on behalf of a low-income tenant in Peabody, Kansas for a two-bedroom apartment is between $794 and $970.

Sourced from federal housing data and AffordableHousingOnline.com research.