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

Terrace Park Apartments

5905 Airways Boulevard
Southaven, Mississippi
Rent Assisted
Call For Rent
1-3 BR

Dorchester Place Apartments

1725 Dorchester Drive
Southaven, Mississippi

South Park Gardens

8156 South Park Circle
Southaven, Mississippi
Call For Rent
1-3 BR

Pine Ridge Apartments

7560 Chesteridge Ave
Southaven, Mississippi
Rent Assisted

Bradford Park Apartments

6121 Bradford Cir E
Southaven, Mississippi
Rent Assisted

Hampton Park Apartments

5935 Airways Blvd
Southaven, Mississippi
Rent Assisted

Oak Ridge Apartments

7565 Carri Lane
Southaven, Mississippi
Rent Assisted
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There are 918 low-income apartments in Southaven that offer reduced rents to eligible households.

Rental assistance programs support 152 low-income homes in Southaven where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $303 towards rent each month.

Affordable rent data for some communities last confirmed on May 22nd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving 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.

Housing Authority Programs
Mississippi Regional Housing Authority II Section 8 Housing Choice Voucher (HCV)
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Southaven.

Southaven, Mississippi Affordable Housing Data

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 918 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 $929 and $1,135.

2023 Southaven, 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
Southaven, Mississippi Fair Market Rent $800 $902 $1,032 $1,365 $1,584
Southaven, Mississippi Payment Standard Range $720 to $880 $812 to $992 $929 to $1,135 $1,229 to $1,502 $1,426 to $1,742

Sourced from federal housing data and AffordableHousingOnline.com research.

Southaven, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 1,326
Total Housing Units with Rental Assistance 152
Percentage of Housing Units Occupied By Renters 32.52%
Average Renter Household Size 2.74
Average Household Size 2.76
Median Household Income $58,227 ±$2,279
Median Rent $946 ±$32
Percentage Of Renters Overburdened 45.09% ± 5.58pp
Total Population 51,090

Population and Household Demographics

Southaven is a city in DeSoto County, Mississippi with a population of 51,090. There are 18,393 households in the city with an average household size of 2.76 persons. 32.52% of households in Southaven are renters.

Income and Rent Overburden in Southaven

The median gross income for households in Southaven is $58,227 a year, or $4,852 a month. The median rent for the city is $946 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Southaven, a household making less than $3,153 a month would be considered overburdened when renting an apartment at or above the median rent. 45.09% of households who rent are overburdened in Southaven.

Area Median Income In Southaven

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 Southaven, the AMI is calculated from all households within DeSoto County.

In Southaven, HUD calculates the Area Median Income for a family of four as $81,000

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 Southaven

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 Southaven

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 Southaven AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,050 $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 Southaven AMI may qualify for rental assistance programs that target Very Low Income households.
$28,350 $32,400 $36,450 $40,500 $43,750 $47,000 $50,250 $53,500
80% AMI Income Limits
Renters earning up to 80% of the Southaven AMI may qualify for rental assistance programs that target Low Income households.
$45,400 $51,850 $58,350 $64,800 $70,000 $75,200 $80,400 $85,550