. Low Income Apartments For Rent in Charleston, Mississippi - Affordable Housing Online

Grafton Gray & Birdia Keglar Manor

17 Peachtree St
Charleston, Mississippi
811 PRA
Call For Rent
1 BR

Indiana Manor

76 Oak Grove Rd
Charleston, Mississippi
Rent Assisted

Gardner Boclair Estates

75 Marshall St
Charleston, Mississippi
Rent Assisted

Charleston Apartments

242 Eskridge St
Charleston, Mississippi
Rent Assisted

No Ms Elderly Housing Indiana Manor CO Palladium Prop

Indiana Rd
Charleston, Mississippi
Rent Assisted
S. 515 Rural

Gardner - Boclair Est CO United Mgmt and Dev Assoc

Marshall Rd
Charleston, Mississippi
Rent Assisted
S. 515 Rural
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There are 74 low-income apartments in Charleston that offer reduced rents to eligible households.

Rental assistance programs support 94 low-income homes in Charleston where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on August 8th, 2022. Subdsidized rents typically change once a year based on federal guidance.

Charleston, Mississippi Affordable Housing Data

Income Based Apartments in Charleston, Mississippi

Charleston features 94 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 Charleston, Mississippi

There are 74 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Charleston.

Housing Choice Vouchers in Charleston, Mississippi

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Charleston, Mississippi for a two-bedroom apartment is between $689 and $843.

2023 Charleston, Mississippi Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Charleston, Mississippi Fair Market Rent $643 $678 $766 $1,000 $1,305
Charleston, Mississippi Payment Standard Range $579 to $707 $610 to $746 $689 to $843 $900 to $1,100 $1,175 to $1,436

Sourced from federal housing data and AffordableHousingOnline.com research.

Charleston, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 198
Total Housing Units with Rental Assistance 94
Percentage of Housing Units Occupied By Renters 48.2%
Average Renter Household Size 2.30
Average Household Size 2.08
Median Household Income $26,979 ±$14,254
Median Rent $454 ±$56
Percentage Of Renters Overburdened 13.78% ± 11.21pp
Total Population 1,164

Population and Household Demographics

Charleston is a city in Tallahatchie County, Mississippi with a population of 1,164. There are 527 households in the city with an average household size of 2.08 persons. 48.2% of households in Charleston are renters.

Income and Rent Overburden in Charleston

The median gross income for households in Charleston is $26,979 a year, or $2,248 a month. The median rent for the city is $454 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Charleston, a household making less than $1,513 a month would be considered overburdened when renting an apartment at or above the median rent. 13.78% of households who rent are overburdened in Charleston.

Area Median Income In Charleston

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Charleston, the AMI is calculated from all households within Tallahatchie County.

In Charleston, HUD calculates the Area Median Income for a family of four as $40,500

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Charleston

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Charleston

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Charleston AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $33,600 $36,100 $38,600 $41,100
50% AMI Income Limits
Renters earning up to 50% of the Charleston AMI may qualify for rental assistance programs that target Very Low Income households.
$21,800 $24,900 $28,000 $31,100 $33,600 $36,100 $38,600 $41,100
80% AMI Income Limits
Renters earning up to 80% of the Charleston AMI may qualify for rental assistance programs that target Low Income households.
$34,850 $39,800 $44,800 $49,750 $53,750 $57,750 $61,700 $65,700