Low Income Apartments and Affordable Housing For Rent in Assumption Parish, LA

Discover affordable housing in Assumption Parish where there are 4+ 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.

Oakgrove Apartments

119 Bankers Ct, Pierre Part, Louisiana 70339

Assumption Senior Citizens Apts

174 Hwy 1008, Napoleonville, Louisiana

Assumption Apts

186 Highway 1008, Napoleonville, Louisiana

Eastside Apts

733 Brule Road, Labadieville, Louisiana

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Assumption Parish, Louisiana
$18.84/hour
$11.59 (+160%) more than Louisiana minimum wage and $11.59 (+160%) more than the Federal minimum wage.
Learn More About Assumption Parish, Louisiana Affordable Housing ↓

What HUD offices serve Assumption Parish, Louisiana?

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 Assumption Parish, Louisiana.

Go to the Louisiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Assumption Parish.

How many renters live in Assumption Parish, Louisiana?

The County of Assumption Parish has 21,067 people living in 8,368 households.

There are 3,274 renters living in 1,430 renter households in this County. Renters make up 15.54 percent of the population living in Assumption Parish.

What is the rental market like in Assumption Parish, Louisiana?

There are an estimated 10,032 housing units in the Assumption Parish area. Of these, 1,634 units are rental homes, making up 16 percent of the housing market. For every renter household in Assumption Parish, Louisiana, there are 1 rental units.

What is the vacancy rate for rentals in Assumption Parish?

The rental vacancy rate in Assumption Parish is 10 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 Assumption Parish for each bedroom size?

Occupied Rental Units by Size in Assumption Parish
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 275 531 494 96
Occupied Rental Units by Size in Assumption Parish

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

Among renter households in this market, 34 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 Assumption Parish

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $863 to $1,654. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $863
One BR $886
Two BR $995
Three BR $1,402
Four BR $1,654
2024 Fair Market Rents in Assumption Parish, Louisiana

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

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 144 52 percent
Two BR 424 80 percent
Rental Units Below FMR in Assumption Parish, Louisiana

How many affordable rental units are in Assumption Parish?

There are a variety of federal affordable housing programs serving households in Assumption Parish, Louisiana including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 32
Section 8 Project-Based Rental Assistance 1
USDA Section 515 Rural Rental Housing 72
Tracked Units by Federal Program in Assumption Parish, Louisiana

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

Income Based Apartments in Assumption Parish, Louisiana

Assumption Parish features 72 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 Assumption Parish, Louisiana

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

Housing Choice Vouchers in Assumption Parish, Louisiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Assumption Parish, Louisiana for a two-bedroom apartment is between $896 and $1,095.

Sourced from federal housing data and AffordableHousingOnline.com research.