Low Income Apartments and Affordable Housing For Rent in Monroe, LA

Discover affordable housing in Monroe where there are 91+ 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.

Byers Estates I-IV

2501 Wildflower Street, Monroe, Louisiana 71201

bed 3-4
payment $675-753/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Boeuf River

101 Preston Loop, Monroe, Louisiana 71202

bed 3-4
payment $675-753/mo.
switch_access_shortcut Short Wait

Frances Towers

300 Harrison St, Monroe, Louisiana 71201

bed 1
switch_access_shortcut Short Wait

Mckeen Plaza

1500 McKeen Pl, Monroe, Louisiana 71201

bed 1
payment Subsidized

Johnson Carver Terrace

6 Roy Dr, Monroe, Louisiana 71202

bed 1-4
payment Subsidized

Breece-Lock

13 Breece Cir, Monroe, Louisiana 71202

bed 1-4
payment Subsidized

Foster Heights

1912 Ruth St, Monroe, Louisiana 71201

bed 1-4
payment Subsidized

Burg Jones

709 Beverly St, Monroe, Louisiana 71202

bed 1-5
payment Subsidized

Parish Square

5405 Blanks St, Monroe, Louisiana 71203

bed 1-2
payment Subsidized

Robert Place Apartments

1850 Garrett Rd, Monroe, Louisiana 71202

bed 1
payment Subsidized
accessibility Accessible
accessible_forward Disability

Garrett Road Apartments

1800 Garrett Rd, Monroe, Louisiana 71202

bed 1
payment Subsidized
accessibility Accessible
accessible_forward Disability

Southern Pines

101 Preston Loop, Monroe, Louisiana 71202

bed 3-4
switch_access_shortcut Short Wait
accessibility Accessible

Hidden Hills

101 Vineyard Court, Monroe, Louisiana 71202

switch_access_shortcut Short Wait
accessibility Accessible

Hillcrest

690 Hyw. 139, Monroe, Louisiana 71203

switch_access_shortcut Short Wait
accessibility Accessible

Kensington Apartments

3901 Old Sterlington Rd, Monroe, Louisiana 71203

switch_access_shortcut Short Wait
accessibility Accessible

Elmwood Estates

372 Huenefeld Rd, Monroe, Louisiana 71203

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based

Wilshire Apartments

304 Selman Drive, Monroe, Louisiana 71203

switch_access_shortcut Short Wait
accessibility Accessible

Oak Manor Apartments

2000 Peach Street, Monroe, Louisiana 71202

bed 1-3
payment Subsidized
accessibility Accessible

Ouachita Grand Plaza

501 S Grand St , Monroe, Louisiana 71201

bed 1
payment Subsidized

Passman Plaza

230 Desiard Plaza Dr, Monroe, Louisiana 71203

payment Subsidized
elderly Senior
accessibility Accessible

How To Identify Affordable Housing in Monroe, Louisiana

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Monroe, 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 Monroe, Louisiana Affordable Housing ↓

What HUD offices serve Monroe, 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), Public Housing programs for Monroe, Louisiana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Monroe, Louisiana.

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

How many renters live in Monroe, Louisiana?

The City of Monroe has people living in households.

There are renters living in renter households in this City. Renters make up 49.25 percent of the population living in Monroe.

What is the rental market like in Monroe, Louisiana?

There are an estimated housing units in the Monroe area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Monroe, Louisiana, there are 1.1 rental units.

What is the vacancy rate for rentals in Monroe?

The rental vacancy rate in Monroe is 8 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 Monroe for each bedroom size?

Occupied Rental Units by Size in Monroe
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
384 2,115 3,481 3,085 841
Occupied Rental Units by Size in Monroe

A large number of apartments in Monroe have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Monroe

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $753 to $1,325. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $753
One BR $757
Two BR $995
Three BR $1,245
Four BR $1,325
2024 Fair Market Rents in Monroe, Louisiana

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

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 223 58 percent
One BR 1,471 70 percent
Two BR 2,549 73 percent
Rental Units Below FMR in Monroe, Louisiana

How many affordable rental units are in Monroe?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Monroe, Louisiana

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

Income Based Apartments in Monroe, Louisiana

Monroe features 2,494 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 Monroe, Louisiana

There are 971 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Monroe.

Housing Choice Vouchers in Monroe, Louisiana

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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