Low Income Apartments and Affordable Housing For Rent in Bismarck, MO

Discover affordable housing in Bismarck 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.

Springwood Apartments

503 S Cedar St, Bismarck, Missouri 63624

Bismark Villa

451 S. Cedar St, Bismarck, Missouri 63624

Village Gardens III

505 Cedar Street, Bismarck, Missouri

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bismarck, Missouri
$15.51/hour
$3.21 (+26%) more than Missouri minimum wage and $8.26 (+114%) more than the Federal minimum wage.
Learn More About Bismarck, Missouri Affordable Housing ↓

What HUD offices serve Bismarck, Missouri?

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 Bismarck, Missouri.

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

How many renters live in Bismarck, Missouri?

The City of Bismarck has 1,617 people living in 589 households.

There are 440 renters living in 184 renter households in this City. Renters make up 27.21 percent of the population living in Bismarck.

What is the rental market like in Bismarck, Missouri?

There are an estimated 736 housing units in the Bismarck area. Of these, 215 units are rental homes, making up 29 percent of the housing market. For every renter household in Bismarck, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Bismarck?

The rental vacancy rate in Bismarck 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 Bismarck for each bedroom size?

Occupied Rental Units by Size in Bismarck
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 54 81 46 0
Occupied Rental Units by Size in Bismarck

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

Among renter households in this market, 36 percent have housing cost burden. Further, 16 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 Bismarck

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $617 to $1,122. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $617
One BR $623
Two BR $819
Three BR $1,117
Four BR $1,122
2024 Fair Market Rents in Bismarck, Missouri

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

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 3 100 percent
One BR 49 91 percent
Two BR 42 52 percent
Rental Units Below FMR in Bismarck, Missouri

How many affordable rental units are in Bismarck?

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

Federal Program Unit Count
Low Income Housing Tax Credit 46
USDA Section 515 Rural Rental Housing 44
Tracked Units by Federal Program in Bismarck, Missouri

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

Income Based Apartments in Bismarck, Missouri

Bismarck features 44 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 Bismarck, Missouri

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bismarck.

Housing Choice Vouchers in Bismarck, Missouri

On average, Section 8 Housing Choice vouchers pay Bismarck landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bismarck.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bismarck, Missouri for a two-bedroom apartment is between $737 and $901.

Sourced from federal housing data and AffordableHousingOnline.com research.