Low Income Apartments and Affordable Housing For Rent in Benton County, MO

Discover affordable housing in Benton County where there are 6+ 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.

Warsaw Fairview Apartments

201 Tower Dr, Warsaw, Missouri 65355

Cardinal Apartments

706 E Main St, Lincoln, Missouri 65338

Warsaw Senior Citizens Housing

617 Arcadia, Warsaw, Missouri 65355

Lincoln Community Housing, Inc

200 S Morgan St, Lincoln, Missouri 65338

Community Retirement Village

400 W Osage St, Cole Camp, Missouri 65325

Oaktree Villa

919 Walnut Dr, Warsaw, Missouri 65355

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Benton County, Missouri
$3.17 (+26%) more than Missouri minimum wage and $8.22 (+113%) more than the Federal minimum wage.
Learn More About Benton County, Missouri Affordable Housing ↓

How many renters live in Benton County, Missouri?

The County of Benton County has 19,616 people living in 8,146 households.

There are 2,918 renters living in 1,414 renter households in this County. Renters make up 14.88 percent of the population living in Benton County.

What is the rental market like in Benton County, Missouri?

There are an estimated 13,591 housing units in the Benton County area. Of these, 1,610 units are rental homes, making up 12 percent of the housing market. For every renter household in Benton County, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Benton County?

The rental vacancy rate in Benton County is 9 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 Benton County for each bedroom size?

Occupied Rental Units by Size in Benton County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
49 333 476 338 87
Occupied Rental Units by Size in Benton County

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

Among renter households in this market, 42 percent have housing cost burden. Further, 26 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 Benton County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $616 to $1,227. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $616
One BR $622
Two BR $817
Three BR $1,071
Four BR $1,227
2024 Fair Market Rents in Benton County, Missouri

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

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 9 18 percent
One BR 204 61 percent
Two BR 224 47 percent
Rental Units Below FMR in Benton County, Missouri

How many affordable rental units are in Benton County?

There are a variety of federal affordable housing programs serving households in Benton County, Missouri including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 60
Section 8 Project-Based Rental Assistance 22
USDA Section 515 Rural Rental Housing 160
Tracked Units by Federal Program in Benton County, Missouri

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

Income Based Apartments in Benton County, Missouri

Benton County features 182 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 Benton County, Missouri

There are 23 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Benton County.

Housing Choice Vouchers in Benton County, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Benton County, Missouri for a two-bedroom apartment is between $735 and $899.

Sourced from federal housing data and AffordableHousingOnline.com research.