How many renters live in Rapides Parish, Louisiana?
The County of Rapides Parish has 127,189 people living in 47,887 households.
There are 36,382 renters living in 14,807 renter households in this County. Renters make up 28.6 percent of the population living in Rapides Parish.
What is the rental market like in Rapides Parish, Louisiana?
There are an estimated 58,638 housing units in the Rapides Parish area. Of these, 15,808 units are rental homes, making up 27 percent of the housing market. For every renter household in Rapides Parish, Louisiana, there are 1 rental units.
What is the vacancy rate for rentals in Rapides Parish?
The rental vacancy rate in Rapides Parish 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 Rapides Parish for each bedroom size?
Occupied Rental Units by Size in Rapides Parish
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 341 | 2,330 | 6,181 | 5,698 | 135 |
Occupied Rental Units by Size in Rapides Parish
A large number of apartments in Rapides 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 Rapides Parish are overburdened by housing costs?
Among renter households in this market, 43 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 Rapides Parish
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $674 to $1,489. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $674 |
| One BR | $757 |
| Two BR | $995 |
| Three BR | $1,343 |
| Four BR | $1,489 |
2024 Fair Market Rents in Rapides Parish, Louisiana
How many units are rented at Fair Market Rent (FMR) in Rapides 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 |
| Studio | 216 | 63 percent |
| One BR | 1,247 | 54 percent |
| Two BR | 3,988 | 65 percent |
Rental Units Below FMR in Rapides Parish, Louisiana
How many affordable rental units are in Rapides Parish?
There are a variety of federal affordable housing programs serving households in Rapides Parish, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 407 |
| Public Housing | 307 |
| Section 8 Project-Based Rental Assistance | 304 |
| Section 202 Supportive Housing for the Elderly | 108 |
| Section 811 Supportive Housing for Persons with Disabilities | 52 |
| USDA Section 515 Rural Rental Housing | 250 |
Tracked Units by Federal Program in Rapides Parish, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Rapides Parish, Louisiana
Rapides Parish features 1,384 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 Rapides Parish, Louisiana
There are 905 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rapides Parish.
Housing Choice Vouchers in Rapides Parish, Louisiana
On average, Section 8 Housing Choice vouchers pay Rapides Parish landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Rapides Parish.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rapides Parish, Louisiana for a two-bedroom apartment is between $896 and $1,095.
Sourced from federal housing data and AffordableHousingOnline.com research.
