Low Income Apartments and Affordable Housing For Rent in Bude, MS

Discover affordable housing in Bude 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.

Fox Run Apartments

Hwy 84, Bude, Mississippi 39630

Bude Manor Apartments

460 Gerard St, Bude, Mississippi 39630

Bude Apartments

460 Gerard St, Bude, Mississippi 39630

Bude Apartments 1 CO D and J Dev Inc

Gerard St, Bude, Mississippi 39630

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bude, Mississippi
$17.10/hour
$9.85 (+136%) more than Mississippi minimum wage and $9.85 (+136%) more than the Federal minimum wage.
Learn More About Bude, Mississippi Affordable Housing ↓

How many renters live in Bude, Mississippi?

The City of Bude has 964 people living in 428 households.

There are 424 renters living in 214 renter households in this City. Renters make up 43.98 percent of the population living in Bude.

What is the rental market like in Bude, Mississippi?

There are an estimated 605 housing units in the Bude area. Of these, 231 units are rental homes, making up 38 percent of the housing market. For every renter household in Bude, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Bude?

The rental vacancy rate in Bude 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 Bude for each bedroom size?

Occupied Rental Units by Size in Bude
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 80 83 27 24
Occupied Rental Units by Size in Bude

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

Among renter households in this market, 28 percent have housing cost burden. Further, 15 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 Bude

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $775 to $1,219. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $775
One BR $804
Two BR $903
Three BR $1,214
Four BR $1,219
2024 Fair Market Rents in Bude, Mississippi

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

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 61 76 percent
Two BR 20 24 percent
Rental Units Below FMR in Bude, Mississippi

How many affordable rental units are in Bude?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 24
USDA Section 515 Rural Rental Housing 82
Tracked Units by Federal Program in Bude, Mississippi

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

Income Based Apartments in Bude, Mississippi

Bude features 82 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 Bude, Mississippi

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bude.

Housing Choice Vouchers in Bude, Mississippi

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Bude, Mississippi for a two-bedroom apartment is between $813 and $993.

Sourced from federal housing data and AffordableHousingOnline.com research.