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

Discover affordable housing in Forest where there are 7+ 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.

Scott Apartments

801 Hillsboro St, Forest, Mississippi 39074

Scott Apartments

800 Hillsboro St, Forest, Mississippi 39074

Meadow Lawn Apartments

100 Seventh St, Forest, Mississippi 39074

Oak Dale Apartments

415 S First Ave, Forest, Mississippi 39074

Forest Apartments

231 Jones St, Forest, Mississippi 39074

Forest Ha

207 Rose St, Forest, Mississippi 39074

Silas Brown Complex

751 Silas Brown, Forest, Mississippi 39074

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

What HUD offices serve Forest, Mississippi?

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 Public Housing programs for Forest, Mississippi.

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

How many renters live in Forest, Mississippi?

The City of Forest has 5,416 people living in 1,989 households.

There are 1,933 renters living in 938 renter households in this City. Renters make up 35.69 percent of the population living in Forest.

What is the rental market like in Forest, Mississippi?

There are an estimated 2,354 housing units in the Forest area. Of these, 1,034 units are rental homes, making up 44 percent of the housing market. For every renter household in Forest, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Forest?

The rental vacancy rate in Forest is 9 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 Forest for each bedroom size?

Occupied Rental Units by Size in Forest
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 271 224 357 86
Occupied Rental Units by Size in Forest

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

Among renter households in this market, 23 percent have housing cost burden. Further, 6 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 Forest

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $758 to $1,322. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $758
One BR $762
Two BR $903
Three BR $1,115
Four BR $1,322
2024 Fair Market Rents in Forest, Mississippi

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

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 176 65 percent
Two BR 109 49 percent
Rental Units Below FMR in Forest, Mississippi

How many affordable rental units are in Forest?

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

Federal Program Unit Count
Low Income Housing Tax Credit 171
Public Housing 77
Section 8 Project-Based Rental Assistance 116
USDA Section 515 Rural Rental Housing 108
Tracked Units by Federal Program in Forest, Mississippi

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

Income Based Apartments in Forest, Mississippi

Forest features 301 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 Forest, Mississippi

There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Forest.

Housing Choice Vouchers in Forest, Mississippi

On average, Section 8 Housing Choice vouchers pay Forest landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Forest.

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

Sourced from federal housing data and AffordableHousingOnline.com research.