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

Waveview Place Apartments

100 Auderer Blvd
Waveland, Mississippi
Rent Assisted
Call For Rent
2-3 BR

Waveland Manor Apartments

198 Auderer Blvd
Waveland, Mississippi
Rent Assisted
S. 515 Rural
Call For Rent
1-2 BR

The Ridge at Waveland

548 Highway 90
Waveland, Mississippi
Rent Assisted

Pine Shadow Apartments

1705 Waveland Ave
Waveland, Mississippi
Rent Assisted
S. 515 Rural

Oak Haven Apartments

1200 Russell Dr
Waveland, Mississippi
Rent Assisted

The Gates at Coralbay

616 Highway 90
Waveland, Mississippi
Rent Assisted

Pinecrest Manor

1303 Bloom Pl
Waveland, Mississippi
Rent Assisted
S. 515 Rural
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There are 557 low-income apartments in Waveland that offer reduced rents to eligible households.

Rental assistance programs support 48 low-income homes in Waveland where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $304 towards rent each month.

Affordable rent data for some communities last confirmed on January 3rd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Waveland, 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 VIII Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD)
Go to the Mississippi Public Housing and Low-Income Apartments Waiting Lists page for openings near Waveland.

Waveland, Mississippi Affordable Housing Data

Income Based Apartments in Waveland, Mississippi

Waveland features 48 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 Waveland, Mississippi

There are 557 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waveland.

Housing Choice Vouchers in Waveland, Mississippi

On average, Section 8 Housing Choice vouchers pay Waveland landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Waveland.

The maximum amount a voucher would pay on behalf of a low-income tenant in Waveland, Mississippi for a two-bedroom apartment is between $850 and $1,038.

2023 Waveland, 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
Waveland, Mississippi Fair Market Rent $707 $780 $944 $1,283 $1,395
Waveland, Mississippi Payment Standard Range $636 to $778 $702 to $858 $850 to $1,038 $1,155 to $1,411 $1,256 to $1,535

Sourced from federal housing data and AffordableHousingOnline.com research.

Waveland, MS Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 605
Total Housing Units with Rental Assistance 48
Percentage of Housing Units Occupied By Renters 44.26%
Average Renter Household Size 2.34
Average Household Size 2.53
Median Household Income $34,681 ±$6,547
Median Rent $711 ±$50
Percentage Of Renters Overburdened 51.87% ± 15.08pp
Total Population 6,449

Population and Household Demographics

Waveland is a city in Hancock County, Mississippi with a population of 6,449. There are 2,544 households in the city with an average household size of 2.53 persons. 44.26% of households in Waveland are renters.

Income and Rent Overburden in Waveland

The median gross income for households in Waveland is $34,681 a year, or $2,890 a month. The median rent for the city is $711 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Waveland, a household making less than $2,370 a month would be considered overburdened when renting an apartment at or above the median rent. 51.87% of households who rent are overburdened in Waveland.

Area Median Income In Waveland

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 Waveland, the AMI is calculated from all households within Hancock County.

In Waveland, HUD calculates the Area Median Income for a family of four as $72,200

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 Waveland

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 Waveland

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 Waveland AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,000 $19,720 $24,860 $30,000 $35,140 $40,280 $44,300 $47,150
50% AMI Income Limits
Renters earning up to 50% of the Waveland AMI may qualify for rental assistance programs that target Very Low Income households.
$25,000 $28,600 $32,150 $35,700 $38,600 $41,450 $44,300 $47,150
80% AMI Income Limits
Renters earning up to 80% of the Waveland AMI may qualify for rental assistance programs that target Low Income households.
$40,000 $45,700 $51,400 $57,100 $61,700 $66,250 $70,850 $75,400