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

Lamco Apartments CO Southern Management Group

7455 Lizelia Rd
Marion, Mississippi
Rent Assisted
S. 515 Rural

Valley Ridge Apartments CO Southern Management Group

Old Country Club Rd
Marion, Mississippi
Rent Assisted
S. 515 Rural

Hillview Apartments CO Southern Management Group

514 Old Co Club Rd
Marion, Mississippi
Rent Assisted
S. 515 Rural
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There are 100 low-income apartments in Marion that offer reduced rents to eligible households.

Rental assistance programs support 48 low-income homes in Marion 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 October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Marion, 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 No. V Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Marion.

Marion, Mississippi Affordable Housing Data

Income Based Apartments in Marion, Mississippi

Marion features 48 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 Marion, Mississippi

There are 100 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marion.

Housing Choice Vouchers in Marion, Mississippi

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Marion, Mississippi for a two-bedroom apartment is between $730 and $892.

2023 Marion, 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
Marion, Mississippi Fair Market Rent $649 $667 $811 $1,047 $1,217
Marion, Mississippi Payment Standard Range $584 to $714 $600 to $734 $730 to $892 $942 to $1,152 $1,095 to $1,339

Sourced from federal housing data and AffordableHousingOnline.com research.

Marion, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 148
Total Housing Units with Rental Assistance 48
Percentage of Housing Units Occupied By Renters 59.2%
Average Renter Household Size 2.68
Average Household Size 2.57
Median Household Income $39,261 ±$6,772
Median Rent $828 ±$42
Percentage Of Renters Overburdened 43.42% ± 11.84pp
Total Population 1,547

Population and Household Demographics

Marion is a city in Lauderdale County, Mississippi with a population of 1,547. There are 603 households in the city with an average household size of 2.57 persons. 59.2% of households in Marion are renters.

Income and Rent Overburden in Marion

The median gross income for households in Marion is $39,261 a year, or $3,272 a month. The median rent for the city is $828 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Marion, a household making less than $2,760 a month would be considered overburdened when renting an apartment at or above the median rent. 43.42% of households who rent are overburdened in Marion.

Area Median Income In Marion

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 Marion, the AMI is calculated from all households within Lauderdale County.

In Marion, HUD calculates the Area Median Income for a family of four as $58,700

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 Marion

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 Marion

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30% AMI Income Limits
Renters earning up to 30% of the Marion 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 Marion 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 Marion 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