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

Apply to Richland Apartment Waiting Lists

Richland Apartments

615 Industrial Dr
Richland, Mississippi
Rent Assisted
S. 515 Rural

The Park at Devonshire Apartments

100 Chapelridge Dr
Richland, Mississippi
Rent Assisted
S. 223
1-4 BR
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There are 280 low-income apartments in Richland that offer reduced rents to eligible households.

Rental assistance programs support 0 low-income homes in Richland where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $355 towards rent each month.

Affordable rent data for some communities last confirmed on July 30th, 2020. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Richland, 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 Richland.

Richland, Mississippi Affordable Housing Data

Income Based Apartments in Richland, Mississippi

Richland 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 Richland, Mississippi

There are 280 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richland.

Housing Choice Vouchers in Richland, Mississippi

On average, Section 8 Housing Choice vouchers pay Richland landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Richland.

The maximum amount a voucher would pay on behalf of a low-income tenant in Richland, Mississippi for a two-bedroom apartment is between $953 and $1,165.

2023 Richland, 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
Richland, Mississippi Fair Market Rent $895 $908 $1,059 $1,289 $1,463
Richland, Mississippi Payment Standard Range $806 to $985 $817 to $999 $953 to $1,165 $1,160 to $1,418 $1,317 to $1,609

Sourced from federal housing data and AffordableHousingOnline.com research.

Richland, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 280
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 39.64%
Average Renter Household Size 3.30
Average Household Size 2.83
Median Household Income $47,917 ±$11,151
Median Rent $889 ±$87
Percentage Of Renters Overburdened 32.96% ± 13.92pp
Total Population 7,055

Population and Household Demographics

Richland is a city in Rankin County, Mississippi with a population of 7,055. There are 2,495 households in the city with an average household size of 2.83 persons. 39.64% of households in Richland are renters.

Income and Rent Overburden in Richland

The median gross income for households in Richland is $47,917 a year, or $3,993 a month. The median rent for the city is $889 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Richland, a household making less than $2,963 a month would be considered overburdened when renting an apartment at or above the median rent. 32.96% of households who rent are overburdened in Richland.

Area Median Income In Richland

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 Richland, the AMI is calculated from all households within Rankin County.

In Richland, HUD calculates the Area Median Income for a family of four as $79,900

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 Richland

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 Richland

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30% AMI Income Limits
Renters earning up to 30% of the Richland AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,800 $19,720 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Richland AMI may qualify for rental assistance programs that target Very Low Income households.
$28,000 $32,000 $36,000 $39,950 $43,150 $46,350 $49,550 $52,750
80% AMI Income Limits
Renters earning up to 80% of the Richland AMI may qualify for rental assistance programs that target Low Income households.
$44,750 $51,150 $57,550 $63,900 $69,050 $74,150 $79,250 $84,350