; Low Income Apartments For Rent in Leakesville, MS

Magnolia Apartments Sun Belt Mgmt Co

2001 2nd St
Leakesville, Mississippi
Rent Assisted

Turner Memorial Retirement Center

32654 Highway 57
Leakesville, Mississippi
S. 202

McIntosh Homes

1320 Highway 63 N
Leakesville, Mississippi
Rent Assisted
Public Housing
Call For Rent
1-2 BR
Showing Results 1-15
  • «
  • 1
  • »

There are 0 low-income apartments in Leakesville that offer reduced rents to eligible households.

Rental assistance programs support 85 low-income homes in Leakesville where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $246 towards rent each month.

Affordable rent data for some communities last confirmed on January 2nd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Leakesville, 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
Mississippi Regional Housing Authority VIII Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD)
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Leakesville.

Leakesville, Mississippi Affordable Housing Data

Income Based Apartments in Leakesville, Mississippi

Leakesville features 85 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 Leakesville, Mississippi

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Leakesville.

Housing Choice Vouchers in Leakesville, Mississippi

On average, Section 8 Housing Choice vouchers pay Leakesville landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Leakesville.

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

2023 Leakesville, 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
Leakesville, Mississippi Fair Market Rent $578 $582 $766 $932 $1,041
Leakesville, Mississippi Payment Standard Range $520 to $636 $524 to $640 $689 to $843 $839 to $1,025 $937 to $1,145

Sourced from federal housing data and AffordableHousingOnline.com research.

Leakesville, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 85
Total Housing Units with Rental Assistance 85
Percentage of Housing Units Occupied By Renters 37.42%
Average Renter Household Size 2.03
Average Household Size 2.34
Median Household Income $44,091 ±$4,490
Median Rent $569 ±$178
Percentage Of Renters Overburdened 21.01% ± 15.64pp
Total Population 802

Population and Household Demographics

Leakesville is a city in Greene County, Mississippi with a population of 802. There are 318 households in the city with an average household size of 2.34 persons. 37.42% of households in Leakesville are renters.

Income and Rent Overburden in Leakesville

The median gross income for households in Leakesville is $44,091 a year, or $3,674 a month. The median rent for the city is $569 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Leakesville, a household making less than $1,897 a month would be considered overburdened when renting an apartment at or above the median rent. 21.01% of households who rent are overburdened in Leakesville.

Area Median Income In Leakesville

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 Leakesville, the AMI is calculated from all households within Greene County.

In Leakesville, HUD calculates the Area Median Income for a family of four as $69,600

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 Leakesville

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 Leakesville

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 Leakesville AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,650 $19,720 $24,860 $30,000 $35,140 $40,280 $43,200 $45,950
50% AMI Income Limits
Renters earning up to 50% of the Leakesville AMI may qualify for rental assistance programs that target Very Low Income households.
$24,400 $27,850 $31,350 $34,800 $37,600 $40,400 $43,200 $45,950
80% AMI Income Limits
Renters earning up to 80% of the Leakesville AMI may qualify for rental assistance programs that target Low Income households.
$39,000 $44,600 $50,150 $55,700 $60,200 $64,650 $69,100 $73,550