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

Discover affordable housing in Rienzi where there are 2+ 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.

Collier Windham Partners ( Rienzi )

505 Hwy 443, Rienzi, Mississippi 38865

Jumper T East Hei Jac Hei Weswo Pw by Jy

9 County Road 8320, Rienzi, Mississippi 38865

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Rienzi, 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 Rienzi, Mississippi Affordable Housing ↓

How many renters live in Rienzi, Mississippi?

The City of Rienzi has 302 people living in 127 households.

There are 53 renters living in 32 renter households in this City. Renters make up 17.55 percent of the population living in Rienzi.

What is the rental market like in Rienzi, Mississippi?

There are an estimated 134 housing units in the Rienzi area. Of these, 36 units are rental homes, making up 27 percent of the housing market. For every renter household in Rienzi, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Rienzi?

The rental vacancy rate in Rienzi is 11 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 Rienzi for each bedroom size?

Occupied Rental Units by Size in Rienzi
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 2 15 15 0
Occupied Rental Units by Size in Rienzi

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

How many renter households in Rienzi are overburdened by housing costs?

Among renter households in this market, 22 percent have housing cost burden. Further, 22 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Rienzi

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $708 to $1,330. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $708
One BR $712
Two BR $903
Three BR $1,263
Four BR $1,330
2024 Fair Market Rents in Rienzi, Mississippi

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

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 2 100 percent
Two BR 2 13 percent
Rental Units Below FMR in Rienzi, Mississippi

How many affordable rental units are in Rienzi?

Income Based Apartments in Rienzi, Mississippi

Rienzi features 107 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 Rienzi, Mississippi

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rienzi.

Housing Choice Vouchers in Rienzi, Mississippi

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.