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

Apply to Lexington Apartment Waiting Lists

Leawood Apartments

71 Leawood Ln.
Lexington, Mississippi
Call For Rent
1-4 BR

Five Talents

Depot St
Lexington, Mississippi
S. 811 Supportive

Lexington Apartments Ltd

Old Tchula Rd
Lexington, Mississippi
Rent Assisted
S. 515 Rural

Creekwood Apartments

88 Creekwood Ln
Lexington, Mississippi
Rent Assisted
S. 515 Rural
1 BR

Lexington Estates

Lexington, Mississippi
Rent Assisted
S. 515 Rural

Lexington Apartments

3843 Rathell Rd
Lexington, Mississippi
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There are 90 low-income apartments in Lexington that offer reduced rents to eligible households.

Rental assistance programs support 158 low-income homes in Lexington where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on January 1st, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Lexington, 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 VI Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Section 8 Project-Based Voucher (PBV)
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Lexington.

Lexington, Mississippi Affordable Housing Data

Income Based Apartments in Lexington, Mississippi

Lexington features 158 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 Lexington, Mississippi

There are 90 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lexington.

Housing Choice Vouchers in Lexington, Mississippi

On average, Section 8 Housing Choice vouchers pay Lexington landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lexington.

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

2023 Lexington, 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
Lexington, Mississippi Fair Market Rent $598 $657 $766 $1,016 $1,030
Lexington, Mississippi Payment Standard Range $538 to $658 $591 to $723 $689 to $843 $914 to $1,118 $927 to $1,133

Sourced from federal housing data and AffordableHousingOnline.com research.

Lexington, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 248
Total Housing Units with Rental Assistance 158
Percentage of Housing Units Occupied By Renters 32.71%
Average Renter Household Size 3.00
Average Household Size 2.81
Median Household Income $26,083 ±$9,902
Median Rent $554 ±$203
Percentage Of Renters Overburdened 37.14% ± 13.26pp
Total Population 2,106

Population and Household Demographics

Lexington is a city in Holmes County, Mississippi with a population of 2,106. There are 749 households in the city with an average household size of 2.81 persons. 32.71% of households in Lexington are renters.

Income and Rent Overburden in Lexington

The median gross income for households in Lexington is $26,083 a year, or $2,174 a month. The median rent for the city is $554 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lexington, a household making less than $1,847 a month would be considered overburdened when renting an apartment at or above the median rent. 37.14% of households who rent are overburdened in Lexington.

Area Median Income In Lexington

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 Lexington, the AMI is calculated from all households within Holmes County.

In Lexington, HUD calculates the Area Median Income for a family of four as $37,900

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 Lexington

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 Lexington

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 Lexington 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 Lexington 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 Lexington 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