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

Discover affordable housing in Southaven where there are 7+ 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.

Terrace Park Apartments

5905 Airways Boulevard, Southaven, Mississippi 38671

Dorchester Place Apartments

1725 Dorchester Drive, Southaven, Mississippi 38671

South Park Gardens

8156 South Park Circle, Southaven, Mississippi 38671

Pine Ridge Apartments

7560 Chesteridge Ave, Southaven, Mississippi 38671

Bradford Park Apartments

6121 Bradford Cir E, Southaven, Mississippi 38671

Hampton Park Apartments

5935 Airways Blvd, Southaven, Mississippi 38671

Oak Ridge Apartments

7565 Carri Lane, Southaven, Mississippi 38671

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

What HUD offices serve Southaven, 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 Southaven, Mississippi.

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

How many renters live in Southaven, Mississippi?

The City of Southaven has 54,908 people living in 20,262 households.

There are 16,545 renters living in 5,906 renter households in this City. Renters make up 30.13 percent of the population living in Southaven.

What is the rental market like in Southaven, Mississippi?

There are an estimated 22,048 housing units in the Southaven area. Of these, 7,052 units are rental homes, making up 32 percent of the housing market. For every renter household in Southaven, Mississippi, there are 1 rental units.

What is the vacancy rate for rentals in Southaven?

The rental vacancy rate in Southaven is 15 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 Southaven for each bedroom size?

Occupied Rental Units by Size in Southaven
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
22 733 2,080 2,405 631
Occupied Rental Units by Size in Southaven

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

Among renter households in this market, 42 percent have housing cost burden. Further, 20 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 Southaven

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 Southaven, Mississippi

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

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 0 100 percent
One BR 446 61 percent
Two BR 1,314 63 percent
Rental Units Below FMR in Southaven, Mississippi

How many affordable rental units are in Southaven?

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

Federal Program Unit Count
Low Income Housing Tax Credit 908
Section 8 Project-Based Rental Assistance 318
Section 202 Supportive Housing for the Elderly 1
Tracked Units by Federal Program in Southaven, Mississippi

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

Income Based Apartments in Southaven, Mississippi

Southaven features 152 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 Southaven, Mississippi

There are 1,342 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Southaven.

Housing Choice Vouchers in Southaven, Mississippi

On average, Section 8 Housing Choice vouchers pay Southaven landlords $1,400 per month towards rent. The average voucher holder contributes $300 towards rent in Southaven.

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

Sourced from federal housing data and AffordableHousingOnline.com research.