Low Income Apartments and Affordable Housing For Rent in Olive Branch, MS

Discover affordable housing in Olive Branch where there are 20+ 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.

Sandidge Hill Apartments

7830 W Sandidge Rd, Olive Branch, Mississippi 38654

payment Subsidized

Rolling Hills Apartments

10250 Goodman Rd, Olive Branch, Mississippi 38654

payment Subsidized

Annandale Gardens Apartments

10862 Nichols Blvd, Olive Branch, Mississippi 38654

bed 3
payment $1654/mo.

10696 Pecan View Dr

10696 Pecan View Dr, Olive Branch, Mississippi 38654

bed 3
payment $1640/mo.

10153 Fox Run Dr

10153 Fox Run Dr, Olive Branch, Mississippi 38654

bed 4
payment $1970/mo.

9290 Bryant Trent Blvd

9290 Bryant Trent Blvd, Olive Branch, Mississippi 38654

bed 4
payment $1980/mo.

9897 Riggan Dr

9897 Riggan Dr, Olive Branch, Mississippi 38654

bed 3
payment $1615/mo.

8989 William Paul Dr

8989 William Paul Dr, Olive Branch, Mississippi 38654

bed 4
payment $1840/mo.

7299 Red Maple Dr

7299 Red Maple Dr, Olive Branch, Mississippi 38654

bed 3
payment $1645/mo.

9270 E Sandidge Rd

9270 E Sandidge Rd, Olive Branch, Mississippi 38654

bed 3
payment $1680/mo.

6170 Chickasaw Dr

6170 Chickasaw Dr, Olive Branch, Mississippi 38654

bed 3
payment $1700/mo.

10527 Riggan Dr

10527 Riggan Dr, Olive Branch, Mississippi 38654

bed 3
payment $1710/mo.

9156 E Sandidge Rd

9156 E Sandidge Rd, Olive Branch, Mississippi 38654

bed 3
payment $1650/mo.

7317 Pecan Meadow Dr E

7317 Pecan Meadow Dr E, Olive Branch, Mississippi 38654

bed 4
payment $1895/mo.

10536 Oak Leaf Dr

10536 Oak Leaf Dr, Olive Branch, Mississippi 38654

bed 3
payment $1690/mo.

10046 Meadow Ln

10046 Meadow Ln, Olive Branch, Mississippi 38654

bed 4
payment $1955/mo.

10523 Kristen Dr

10523 Kristen Dr, Olive Branch, Mississippi 38654

bed 3
payment $1695/mo.

7338 Green Ash Dr

7338 Green Ash Dr, Olive Branch, Mississippi 38654

bed 4
payment $1760/mo.

Crestview Apartments

8665 Carona St, Olive Branch, Mississippi 0

switch_access_shortcut Short Wait
accessibility Accessible

Olive Branch Fam Lp C/O Intervest Corp

Coroma Road, Olive Branch, Mississippi

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Olive Branch, 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.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Olive Branch, Mississippi
$24.58/hour
$17.33 (+239%) more than Mississippi minimum wage and $17.33 (+239%) more than the Federal minimum wage.
Learn More About Olive Branch, Mississippi Affordable Housing ↓

What HUD offices serve Olive Branch, 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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Olive Branch, Mississippi.

Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Olive Branch.

How many renters live in Olive Branch, Mississippi?

The City of Olive Branch has people living in households.

There are renters living in renter households in this City. Renters make up 19.19 percent of the population living in Olive Branch.

What is the rental market like in Olive Branch, Mississippi?

There are an estimated housing units in the Olive Branch area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Olive Branch, Mississippi, there are 1.09 rental units.

What is the vacancy rate for rentals in Olive Branch?

The rental vacancy rate in Olive Branch is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Olive Branch for each bedroom size?

Occupied Rental Units by Size in Olive Branch
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
77 259 723 1,525 500
Occupied Rental Units by Size in Olive Branch

A large number of apartments in Olive Branch 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 Olive Branch

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,031 to $1,995. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,031
One BR $1,146
Two BR $1,298
Three BR $1,711
Four BR $1,995
2024 Fair Market Rents in Olive Branch, Mississippi

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

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
Studio 19 25 percent
One BR 94 36 percent
Two BR 298 41 percent
Rental Units Below FMR in Olive Branch, Mississippi

How many affordable rental units are in Olive Branch?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Olive Branch, Mississippi

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

Income Based Apartments in Olive Branch, Mississippi

Olive Branch features 136 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 Olive Branch, Mississippi

There are 38 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Olive Branch.

Housing Choice Vouchers in Olive Branch, Mississippi

On average, Section 8 Housing Choice vouchers pay Olive Branch landlords $1,400 per month towards rent. The average voucher holder contributes $400 towards rent in Olive Branch.

The maximum amount a voucher would pay on behalf of a low-income tenant in Olive Branch, Mississippi for a two-bedroom apartment is between $1,168 and $1,428.

Sourced from federal housing data and AffordableHousingOnline.com research.

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