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

Discover affordable housing in Louise where there are 1+ 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.

Humphrey County Bos

850 S Main St, Louise, Mississippi 39097

How To Identify Affordable Housing in Louise, Mississippi

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Louise, Mississippi
$17.10/hour
$9.85 (+136%) more than Mississippi minimum wage and $9.85 (+136%) more than the Federal minimum wage.
Learn More About Louise, Mississippi Affordable Housing ↓

How many renters live in Louise, Mississippi?

The City of Louise has people living in households.

There are renters living in renter households in this City. Renters make up 31.16 percent of the population living in Louise.

What is the rental market like in Louise, Mississippi?

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

What is the vacancy rate for rentals in Louise?

The rental vacancy rate in Louise is 0 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 Louise for each bedroom size?

Occupied Rental Units by Size in Louise
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 9 7 3 0
Occupied Rental Units by Size in Louise

A large number of apartments in Louise have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Louise

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $775 to $1,203. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $775
One BR $804
Two BR $903
Three BR $1,198
Four BR $1,203
2024 Fair Market Rents in Louise, Mississippi

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

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
One BR 9 100 percent
Two BR 7 100 percent
Rental Units Below FMR in Louise, Mississippi

How many affordable rental units are in Louise?

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

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

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

Income Based Apartments in Louise, Mississippi

Louise features 0 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 Louise, Mississippi

There are 14 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Louise.

Housing Choice Vouchers in Louise, Mississippi

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Louise, Mississippi for a two-bedroom apartment is between $813 and $993.

Sourced from federal housing data and AffordableHousingOnline.com research.