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

Terrace View Apartments

801 Cypress Ave.
Greenwood, Mississippi
Subsidized
PBRA
Call For Rent
1-3 BR

Cottonwood Glen

1307 Plantation Dr
Greenwood, Mississippi
Subsidized
Senior
S. 202
Call For Rent
1 BR

Beacon Harbor

2714 Highway 82 E
Greenwood, Mississippi
Subsidized
Senior
S. 202

Malmaison Villas

907 Gordon St
Greenwood, Mississippi
Subsidized
Senior
S. 202

Maureen A. S Jones Apartments

1620 Main St
Greenwood, Mississippi
Subsidized
Rent Assisted
PBRA
LIHTC

W J. Bishop Apartments

1015 Clay Ave
Greenwood, Mississippi
Subsidized
PBRA

Beacon Harbor II

2800 Highway 82 E
Greenwood, Mississippi
Subsidized
Senior
S. 202

Earnestine Mcneace Apartments

601 McNeace St
Greenwood, Mississippi
Subsidized
Rent Assisted
PBRA
LIHTC

Williams Landing Apartments

2900 Browning Road 520 Box #5P
Greenwood, Mississippi
Subsidized
PBRA

East Haven Apartments

2504 Old Browning Rd
Greenwood, Mississippi
Subsidized
Supportive
S. 811 Supportive

David L Jordan Apartments, Phase III

1305 Roosevelt Ave
Greenwood, Mississippi
Rent Assisted
LIHTC
Call For Rent
2-3 BR

Parkway Place

801 Elena Ln
Greenwood, Mississippi
Rent Assisted
LIHTC

Terrace Gardens Apartments

1000 Aven Ave
Greenwood, Mississippi
Subsidized
PBRA
Call For Rent
1-3 BR

Williamsburg Estates

3011 Highway 82 E
Greenwood, Mississippi
Rent Assisted
Senior
Supportive
LIHTC
S. 515 Rural

Williamsburg Estates II

3017 Highway 82 E
Greenwood, Mississippi
Rent Assisted
LIHTC
Showing Results 1-15

There are 517 low-income apartments in Greenwood that offer reduced rents to eligible households.

Rental assistance programs support 1,091 low-income homes in Greenwood where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $322 towards rent each month.

Affordable rent data for some communities last confirmed on January 3rd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Greenwood, 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.

Housing Authority Programs
The Housing Authority of the City of Greenwood Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Greenwood.

Greenwood, Mississippi Affordable Housing Data

Income Based Apartments in Greenwood, Mississippi

Greenwood features 1,091 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 Greenwood, Mississippi

There are 517 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Greenwood.

Housing Choice Vouchers in Greenwood, Mississippi

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

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

2023 Greenwood, 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
Greenwood, Mississippi Fair Market Rent $578 $582 $766 $963 $1,029
Greenwood, Mississippi Payment Standard Range $520 to $636 $524 to $640 $689 to $843 $867 to $1,059 $926 to $1,132

Sourced from federal housing data and AffordableHousingOnline.com research.

Greenwood, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 29
Total Low Income Apartments 1,608
Total Housing Units with Rental Assistance 1,091
Percentage of Housing Units Occupied By Renters 48.62%
Average Renter Household Size 2.86
Average Household Size 2.74
Median Household Income $26,550 ±$3,893
Median Rent $548 ±$30
Percentage Of Renters Overburdened 46.37% ± 5.99pp
Total Population 15,734

Population and Household Demographics

Greenwood is a city in Leflore County, Mississippi with a population of 15,734. There are 5,549 households in the city with an average household size of 2.74 persons. 48.62% of households in Greenwood are renters.

Income and Rent Overburden in Greenwood

The median gross income for households in Greenwood is $26,550 a year, or $2,213 a month. The median rent for the city is $548 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Greenwood, a household making less than $1,827 a month would be considered overburdened when renting an apartment at or above the median rent. 46.37% of households who rent are overburdened in Greenwood.

Area Median Income In Greenwood

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 Greenwood, the AMI is calculated from all households within Leflore County.

In Greenwood, HUD calculates the Area Median Income for a family of four as $41,800

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 Greenwood

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 Greenwood

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 Greenwood 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 Greenwood 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 Greenwood 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