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

Discover affordable housing in Shaw where there are 3+ 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.

Promised Land

501 Issaqunea St, Shaw, Mississippi 38773

Cypress View Estates

305 Alexander St, Shaw, Mississippi 38773

Bolivar County Community Action Agency

1348 Faison St (502 Faison), Shaw, Mississippi 38733

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

How many renters live in Shaw, Mississippi?

The City of Shaw has 1,615 people living in 686 households.

There are 800 renters living in 293 renter households in this City. Renters make up 49.54 percent of the population living in Shaw.

What is the rental market like in Shaw, Mississippi?

There are an estimated 773 housing units in the Shaw area. Of these, 305 units are rental homes, making up 39 percent of the housing market. For every renter household in Shaw, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Shaw?

The rental vacancy rate in Shaw is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Shaw for each bedroom size?

Occupied Rental Units by Size in Shaw
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 29 91 131 33
Occupied Rental Units by Size in Shaw

A large number of apartments in Shaw 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 Shaw are overburdened by housing costs?

Among renter households in this market, 45 percent have housing cost burden. Further, 24 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 Shaw

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $683 to $1,203. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $683
One BR $687
Two BR $903
Three BR $1,120
Four BR $1,203
2024 Fair Market Rents in Shaw, Mississippi

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

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 27 93 percent
Two BR 80 88 percent
Rental Units Below FMR in Shaw, Mississippi

How many affordable rental units are in Shaw?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 59
USDA Section 515 Rural Rental Housing 59
Tracked Units by Federal Program in Shaw, Mississippi

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

Income Based Apartments in Shaw, Mississippi

Shaw features 83 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 Shaw, Mississippi

There are 14 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shaw.

Housing Choice Vouchers in Shaw, Mississippi

On average, Section 8 Housing Choice vouchers pay Shaw landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Shaw.

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

Sourced from federal housing data and AffordableHousingOnline.com research.