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

Discover affordable housing in Guntown where there are 3+ 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.

Guntown Elderly

112 Kaye St, Guntown, Mississippi 38849

Guntown ( Town of )

200 Mitchell Rd, Guntown, Mississippi 38849

Pinecrest High Cir Parkview

120 Highland Cir, Guntown, Mississippi 38849

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Guntown, Mississippi
$19.79/hour
$12.54 (+173%) more than Mississippi minimum wage and $12.54 (+173%) more than the Federal minimum wage.
Learn More About Guntown, Mississippi Affordable Housing ↓

What HUD offices serve Guntown, 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 Guntown, Mississippi.

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

How many renters live in Guntown, Mississippi?

The City of Guntown has 2,279 people living in 713 households.

There are 538 renters living in 196 renter households in this City. Renters make up 23.61 percent of the population living in Guntown.

What is the rental market like in Guntown, Mississippi?

There are an estimated 821 housing units in the Guntown area. Of these, 223 units are rental homes, making up 27 percent of the housing market. For every renter household in Guntown, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Guntown?

The rental vacancy rate in Guntown is 12 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 Guntown for each bedroom size?

Occupied Rental Units by Size in Guntown
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
9 26 37 89 17
Occupied Rental Units by Size in Guntown

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

Among renter households in this market, 30 percent have housing cost burden. Further, 14 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 Guntown

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $853 to $1,486. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $853
One BR $859
Two BR $1,045
Three BR $1,319
Four BR $1,486
2024 Fair Market Rents in Guntown, Mississippi

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

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 9 100 percent
One BR 26 100 percent
Two BR 18 49 percent
Rental Units Below FMR in Guntown, Mississippi

How many affordable rental units are in Guntown?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 58
Tracked Units by Federal Program in Guntown, Mississippi

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

Income Based Apartments in Guntown, Mississippi

Guntown features 152 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 Guntown, Mississippi

There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Guntown.

Housing Choice Vouchers in Guntown, Mississippi

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Guntown, Mississippi for a two-bedroom apartment is between $941 and $1,150.

Sourced from federal housing data and AffordableHousingOnline.com research.