Low Income Apartments and Affordable Housing For Rent in Cape Girardeau, MO

Discover affordable housing in Cape Girardeau where there are 23+ 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.

Regency House of Cape Girardeau

141 N Silver Springs Rd, Cape Girardeau, Missouri 63701

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Cape Riverview Apartments II

308 Lorimier Dr, Cape Girardeau, Missouri 63701

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accessibility Accessible

Napa Ridge

663 Napa Cir, Cape Girardeau, Missouri 63703

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accessibility Accessible

How To Identify Affordable Housing in Cape Girardeau, Missouri

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cape Girardeau, Missouri
$17.67/hour
$5.37 (+44%) more than Missouri minimum wage and $10.42 (+144%) more than the Federal minimum wage.
Learn More About Cape Girardeau, Missouri Affordable Housing ↓

What HUD offices serve Cape Girardeau, 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 Cape Girardeau, Missouri.

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

How many renters live in Cape Girardeau, Missouri?

The City of Cape Girardeau has people living in households.

There are renters living in renter households in this City. Renters make up 42.95 percent of the population living in Cape Girardeau.

What is the rental market like in Cape Girardeau, Missouri?

There are an estimated housing units in the Cape Girardeau area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cape Girardeau, Missouri, there are 1.1 rental units.

What is the vacancy rate for rentals in Cape Girardeau?

The rental vacancy rate in Cape Girardeau is 8 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 Cape Girardeau for each bedroom size?

Occupied Rental Units by Size in Cape Girardeau
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
290 1,863 3,316 1,181 558
Occupied Rental Units by Size in Cape Girardeau

A large number of apartments in Cape Girardeau have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Cape Girardeau

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $685 to $1,540. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $685
One BR $742
Two BR $933
Three BR $1,315
Four BR $1,540
2024 Fair Market Rents in Cape Girardeau, Missouri

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

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 194 67 percent
One BR 1,150 62 percent
Two BR 2,084 63 percent
Rental Units Below FMR in Cape Girardeau, Missouri

How many affordable rental units are in Cape Girardeau?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Cape Girardeau, Missouri

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

Income Based Apartments in Cape Girardeau, Missouri

Cape Girardeau features 181 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 Cape Girardeau, Missouri

There are 445 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cape Girardeau.

Housing Choice Vouchers in Cape Girardeau, Missouri

On average, Section 8 Housing Choice vouchers pay Cape Girardeau landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Cape Girardeau.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cape Girardeau, Missouri for a two-bedroom apartment is between $840 and $1,026.

Sourced from federal housing data and AffordableHousingOnline.com research.

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