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

Discover affordable housing in Leake County where there are 10+ 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.

The Grove Apartments

222 Spruce St, Walnut Grove, Mississippi 39189

The Elms Apartments

610 Old Canton Rd, Carthage, Mississippi 39051

Lockwood Apartments

214 Main St, Walnut Grove, Mississippi 39189

Canton Road Manor

655 Red Dog Rd, Carthage, Mississippi 39051

Bel - Haven Apartments

300 S Valley St, Carthage, Mississippi 39051

Lincoln Estates

101 Madison St, Carthage, Mississippi 39051

Westbrook Square Apartments

1301 Highway 16 W, Carthage, Mississippi 39051

Sebastopol Apartments

690 North St, Sebastopol, Mississippi 39359

Towncreek Apartments

694 Red Dog Rd, Carthage, Mississippi 39051

Amp - 3

304 Debra St, Carthage, Mississippi 39051

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Leake County, Mississippi
$17.71/hour
$10.46 (+144%) more than Mississippi minimum wage and $10.46 (+144%) more than the Federal minimum wage.
Learn More About Leake County, Mississippi Affordable Housing ↓

What HUD offices serve Leake County, 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 Leake County, Mississippi.

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

How many renters live in Leake County, Mississippi?

The County of Leake County has 21,335 people living in 7,369 households.

There are 4,885 renters living in 1,768 renter households in this County. Renters make up 22.9 percent of the population living in Leake County.

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

There are an estimated 9,044 housing units in the Leake County area. Of these, 1,962 units are rental homes, making up 22 percent of the housing market. For every renter household in Leake County, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Leake County?

The rental vacancy rate in Leake County is 6 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 Leake County for each bedroom size?

Occupied Rental Units by Size in Leake County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
115 131 684 729 109
Occupied Rental Units by Size in Leake County

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

Among renter households in this market, 28 percent have housing cost burden. Further, 10 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 Leake County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $713 to $1,284. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $713
One BR $718
Two BR $935
Three BR $1,131
Four BR $1,284
2024 Fair Market Rents in Leake County, Mississippi

How many units are rented at Fair Market Rent (FMR) in Leake 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 101 88 percent
One BR 109 83 percent
Two BR 460 67 percent
Rental Units Below FMR in Leake County, Mississippi

How many affordable rental units are in Leake County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 257
Public Housing 143
Section 8 Project-Based Rental Assistance 80
USDA Section 515 Rural Rental Housing 232
Tracked Units by Federal Program in Leake County, Mississippi

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

Income Based Apartments in Leake County, Mississippi

Leake County features 363 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 Leake County, Mississippi

There are 87 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Leake County.

Housing Choice Vouchers in Leake County, Mississippi

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Leake County, Mississippi for a two-bedroom apartment is between $842 and $1,029.

Sourced from federal housing data and AffordableHousingOnline.com research.