Low Income Apartments and Affordable Housing For Rent in Franklin County, MS

Discover affordable housing in Franklin County where there are 5+ 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

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Lakeview

800 Magee Dr, Brookhaven, Mississippi 39601

bed 2
payment $825/mo.

Bude Manor Apartments

460 Gerard St, Bude, Mississippi 39630

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Bude Apartments

460 Gerard St, Bude, Mississippi 39630

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based

Bude Apartments 1 CO D and J Dev Inc

Gerard St, Bude, Mississippi 39630

How To Identify Affordable Housing in Franklin County, Mississippi

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 Franklin County, 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 Franklin County, Mississippi Affordable Housing ↓

How many renters live in Franklin County, Mississippi?

The County of Franklin County has people living in households.

There are renters living in renter households in this County. Renters make up 21.87 percent of the population living in Franklin County.

What is the rental market like in Franklin County, Mississippi?

There are an estimated housing units in the Franklin County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Franklin County, Mississippi, there are 1.02 rental units.

What is the vacancy rate for rentals in Franklin County?

The rental vacancy rate in Franklin County is 2 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 Franklin County for each bedroom size?

Occupied Rental Units by Size in Franklin County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
25 96 305 205 86
Occupied Rental Units by Size in Franklin County

A large number of apartments in Franklin County 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 Franklin County

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 Franklin County, Mississippi

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

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 0 100 percent
One BR 68 71 percent
Two BR 183 60 percent
Rental Units Below FMR in Franklin County, Mississippi

How many affordable rental units are in Franklin County?

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

Federal Program Unit Count
Public Housing
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Franklin County, Mississippi

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

Income Based Apartments in Franklin County, Mississippi

Franklin County 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 Franklin County, Mississippi

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

Housing Choice Vouchers in Franklin County, Mississippi

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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