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

Apply to Iuka Apartment Waiting Lists

Pickwick Circle Apartments

308 Pickwick Circle
Iuka, Mississippi
Call For Rent
1-2 BR

Fifth Street Apartments Llc

703 W 5th St
Iuka, Mississippi
Rent Assisted
S. 515 Rural

Timber Hills Regional IV Menta

1213 Maria Ln
Iuka, Mississippi
S. 811 Supportive

Ben Kitchens

300 W Fulton
Iuka, Mississippi
Rent Assisted
S. 515 Rural

Iuka Apartments Ltd C/O the Lloyd Group Inc

1000 North Pearl Street
Iuka, Mississippi
Rent Assisted
S. 515 Rural

Deacon Hill Park Apartments

County Road 218
Iuka, Mississippi
Rent Assisted

Iuka Elderly Apartments

2721 Hwy 174 W
Iuka, Mississippi
Rent Assisted

Hiett Circle Apartments

101 Hiett Cir
Iuka, Mississippi
Public Housing
Showing Results 1-15
  • «
  • 1
  • »

There are 76 low-income apartments in Iuka that offer reduced rents to eligible households.

Rental assistance programs support 203 low-income homes in Iuka where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $286 towards rent each month.

Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Iuka, 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 Iuka Public Housing
Tennessee Valley Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Iuka.

Iuka, Mississippi Affordable Housing Data

Income Based Apartments in Iuka, Mississippi

Iuka features 203 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 Iuka, Mississippi

There are 76 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Iuka.

Housing Choice Vouchers in Iuka, Mississippi

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

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

2023 Iuka, 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
Iuka, Mississippi Fair Market Rent $643 $678 $766 $1,037 $1,041
Iuka, Mississippi Payment Standard Range $579 to $707 $610 to $746 $689 to $843 $933 to $1,141 $937 to $1,145

Sourced from federal housing data and AffordableHousingOnline.com research.

Iuka, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 279
Total Housing Units with Rental Assistance 203
Percentage of Housing Units Occupied By Renters 45.55%
Average Renter Household Size 2.11
Average Household Size 2.34
Median Household Income $31,684 ±$3,089
Median Rent $445 ±$141
Percentage Of Renters Overburdened 41.71% ± 15.66pp
Total Population 3,005

Population and Household Demographics

Iuka is a city in Tishomingo County, Mississippi with a population of 3,005. There are 1,179 households in the city with an average household size of 2.34 persons. 45.55% of households in Iuka are renters.

Income and Rent Overburden in Iuka

The median gross income for households in Iuka is $31,684 a year, or $2,640 a month. The median rent for the city is $445 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Iuka, a household making less than $1,483 a month would be considered overburdened when renting an apartment at or above the median rent. 41.71% of households who rent are overburdened in Iuka.

Area Median Income In Iuka

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 Iuka, the AMI is calculated from all households within Tishomingo County.

In Iuka, HUD calculates the Area Median Income for a family of four as $66,100

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 Iuka

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 Iuka

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 Iuka 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 Iuka 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 Iuka 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