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

Apply to Meridian Apartment Waiting Lists

Deville Manor Apartments

1914 11th Street
Meridian, Mississippi
Subsidized
PBRA
Call For Rent
1-2 BR

College Park Apartments

2000 College Ave
Meridian, Montana
Subsidized
PBRA
Call For Rent
2 BR

South Meridian Apartments

5126 Stinson Cemetery Rd
Meridian, Mississippi
Subsidized
Rent Assisted
Senior
Supportive
S. 515 Rural
RDRA

Meridian Manor

815 33rd St
Meridian, Mississippi
Subsidized
Senior
S. 202

St. Francis Apartments

2427 4th Avenue
Meridian, Mississippi
Subsidized
Rent Assisted
PBRA
LIHTC

Miller Park Apartments

52nd St
Meridian, Mississippi
Subsidized
Supportive
S. 811 Supportive

Aldersgate I

6600 Poplar Springs Dr
Meridian, Mississippi
Subsidized
Senior
S. 202

Lauderdale Group Home

2002 33rd Ave
Meridian, Mississippi
Subsidized
Senior
S. 202

Carousel Place

4610 Vally St
Meridian, Mississippi
Subsidized
Rent Assisted
LIHTC
Public Housing
Call For Rent
1-3 BR

Cedar Bend Apartments II

7100 Old Highway 80 W
Meridian, Mississippi
Rent Assisted
LIHTC
Call For Rent
2-3 BR

Azalea Park Apartments Phase III

803 29th St
Meridian, Mississippi
Rent Assisted
LIHTC

Marion Road Apartments

2428 Old Marion Rd
Meridian, Mississippi
Subsidized
Rent Assisted
PBRA
LIHTC

Frank Berry Courts

917 42nd Ave
Meridian, Mississippi
Subsidized
Rent Assisted
LIHTC
Public Housing
Call For Rent
1-3 BR

J.T. Davis Court

3715 Vally St
Meridian, Mississippi
Rent Assisted
LIHTC
Call For Rent
1-3 BR

North Hills Manor Apartments

4401 40th Ave
Meridian, Mississippi
Subsidized
PBRA
Call For Rent
1-3 BR
Showing Results 1-15

There are 563 low-income apartments in Meridian that offer reduced rents to eligible households.

Rental assistance programs support 2,195 low-income homes in Meridian where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $290 towards rent each month.

Affordable rent data for some communities last confirmed on January 3rd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Meridian, 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
Meridian Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
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 Meridian.

Meridian, Mississippi Affordable Housing Data

Income Based Apartments in Meridian, Mississippi

Meridian features 2,195 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 Meridian, Mississippi

There are 563 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Meridian.

Housing Choice Vouchers in Meridian, Mississippi

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

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

2023 Meridian, 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
Meridian, Mississippi Fair Market Rent $649 $667 $811 $1,047 $1,217
Meridian, 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.

Meridian, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 30
Total Low Income Apartments 2,790
Total Housing Units with Rental Assistance 2,195
Percentage of Housing Units Occupied By Renters 48.68%
Average Renter Household Size 2.54
Average Household Size 2.45
Median Household Income $30,355 ±$1,942
Median Rent $670 ±$25
Percentage Of Renters Overburdened 46.44% ± 5.16pp
Total Population 40,507

Population and Household Demographics

Meridian is a city in Lauderdale County, Mississippi with a population of 40,507. There are 15,937 households in the city with an average household size of 2.45 persons. 48.68% of households in Meridian are renters.

Income and Rent Overburden in Meridian

The median gross income for households in Meridian is $30,355 a year, or $2,530 a month. The median rent for the city is $670 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Meridian, a household making less than $2,233 a month would be considered overburdened when renting an apartment at or above the median rent. 46.44% of households who rent are overburdened in Meridian.

Area Median Income In Meridian

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

In Meridian, 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 Meridian

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 Meridian

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 Meridian 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 Meridian 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 Meridian 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