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

Apply to Saltillo Apartment Waiting Lists

Magnolia Apartments

216 Third Ave
Saltillo, Mississippi
S. 202

Saltillo Properties CO Massengill Prop Inc

109 Cedarstone Dr
Saltillo, Mississippi
Rent Assisted
S. 515 Rural

Saltillo Elderly Housing

105 Walnut St
Saltillo, Mississippi

Saltillo Apartments Ltd CO Massengill Prop Inc

106 Water St
Saltillo, Mississippi
Rent Assisted
S. 515 Rural

Jep 2 CO Pannell Mgmt Co

103 Walnut St
Saltillo, Mississippi
Rent Assisted
S. 515 Rural

Saltillo Assoc Ltd CO Massengill Prop Inc

103 Water St
Saltillo, Mississippi
Rent Assisted
S. 515 Rural
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There are 36 low-income apartments in Saltillo that offer reduced rents to eligible households.

Rental assistance programs support 59 low-income homes in Saltillo where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $346 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 Saltillo, 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
Tennessee Valley Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Saltillo.

Saltillo, Mississippi Affordable Housing Data

Income Based Apartments in Saltillo, Mississippi

Saltillo features 59 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 Saltillo, Mississippi

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Saltillo.

Housing Choice Vouchers in Saltillo, Mississippi

On average, Section 8 Housing Choice vouchers pay Saltillo landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Saltillo.

The maximum amount a voucher would pay on behalf of a low-income tenant in Saltillo, Mississippi for a two-bedroom apartment is between $802 and $980.

2023 Saltillo, 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
Saltillo, Mississippi Fair Market Rent $722 $727 $891 $1,134 $1,347
Saltillo, Mississippi Payment Standard Range $650 to $794 $654 to $800 $802 to $980 $1,021 to $1,247 $1,212 to $1,482

Sourced from federal housing data and AffordableHousingOnline.com research.

Saltillo, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 95
Total Housing Units with Rental Assistance 59
Percentage of Housing Units Occupied By Renters 35.39%
Average Renter Household Size 1.73
Average Household Size 2.28
Median Household Income $56,116 ±$10,482
Median Rent $449 ±$132
Percentage Of Renters Overburdened 37.06% ± 17.46pp
Total Population 4,958

Population and Household Demographics

Saltillo is a city in Lee County, Mississippi with a population of 4,958. There are 2,173 households in the city with an average household size of 2.28 persons. 35.39% of households in Saltillo are renters.

Income and Rent Overburden in Saltillo

The median gross income for households in Saltillo is $56,116 a year, or $4,676 a month. The median rent for the city is $449 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Saltillo, a household making less than $1,497 a month would be considered overburdened when renting an apartment at or above the median rent. 37.06% of households who rent are overburdened in Saltillo.

Area Median Income In Saltillo

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 Saltillo, the AMI is calculated from all households within Lee County.

In Saltillo, HUD calculates the Area Median Income for a family of four as $85,600

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 Saltillo

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 Saltillo

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 Saltillo AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $35,140 $39,950 $42,700 $45,450
50% AMI Income Limits
Renters earning up to 50% of the Saltillo AMI may qualify for rental assistance programs that target Very Low Income households.
$24,100 $27,550 $31,000 $34,400 $37,200 $39,950 $42,700 $45,450
80% AMI Income Limits
Renters earning up to 80% of the Saltillo AMI may qualify for rental assistance programs that target Low Income households.
$38,550 $44,050 $49,550 $55,050 $59,500 $63,900 $68,300 $72,700