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

Discover affordable housing in Grenada where there are 12+ 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.

All Saints House

480 South Main Street, Grenada, Mississippi 38901

Greater Powell Place

966 W. Govan Street, Grenada, Mississippi 38901

Washington Garden Apartments

800 Washington St, Grenada, Mississippi 38901

Grenada Estates, LLC

138 Perry Road, Grenada, Mississippi 38901

Pine Hill Apartments

700 Washington St, Grenada, Mississippi 38901

Federation Towers

760 E Govan Ext, Grenada, Mississippi 38901

Peppertree Apartments

876 W Govan St, Grenada, Mississippi 38901

GREATER POWELL'S PLACE

966 W GOVAN ST, Grenada, Mississippi 38901

Hillcrest Apartments

656 Bell St, Grenada, Mississippi 38901

Sundown Gardens

79 Garden Dr, Grenada, Mississippi 38901

Mcmath Apartments

850 Washington St, Grenada, Mississippi 38901

Sunset Townhouses

920 Chickasaw Dr, Grenada, Mississippi

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Grenada, Mississippi
$17.16/hour
$9.91 (+137%) more than Mississippi minimum wage and $9.91 (+137%) more than the Federal minimum wage.
Learn More About Grenada, Mississippi Affordable Housing ↓

What HUD offices serve Grenada, 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for Grenada, Mississippi.

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

How many renters live in Grenada, Mississippi?

The City of Grenada has 12,594 people living in 5,074 households.

There are 5,403 renters living in 2,064 renter households in this City. Renters make up 42.9 percent of the population living in Grenada.

What is the rental market like in Grenada, Mississippi?

There are an estimated 6,213 housing units in the Grenada area. Of these, 2,670 units are rental homes, making up 43 percent of the housing market. For every renter household in Grenada, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Grenada?

The rental vacancy rate in Grenada is 23 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 Grenada for each bedroom size?

Occupied Rental Units by Size in Grenada
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
74 263 836 760 121
Occupied Rental Units by Size in Grenada

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

Among renter households in this market, 48 percent have housing cost burden. Further, 21 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 Grenada

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $685 to $1,237. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $685
One BR $690
Two BR $906
Three BR $1,100
Four BR $1,237
2024 Fair Market Rents in Grenada, Mississippi

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

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 55 74 percent
One BR 212 81 percent
Two BR 454 54 percent
Rental Units Below FMR in Grenada, Mississippi

How many affordable rental units are in Grenada?

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

Federal Program Unit Count
Low Income Housing Tax Credit 383
Public Housing 41
Section 8 Project-Based Rental Assistance 219
Section 202 Supportive Housing for the Elderly 32
USDA Section 515 Rural Rental Housing 187
Tracked Units by Federal Program in Grenada, Mississippi

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

Income Based Apartments in Grenada, Mississippi

Grenada features 424 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 Grenada, Mississippi

There are 170 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grenada.

Housing Choice Vouchers in Grenada, Mississippi

On average, Section 8 Housing Choice vouchers pay Grenada landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Grenada.

The maximum amount a voucher would pay on behalf of a low-income tenant in Grenada, Mississippi for a two-bedroom apartment is between $815 and $997.

Sourced from federal housing data and AffordableHousingOnline.com research.