How many renters live in Cleveland, Missouri?
The City of Cleveland has 923 people living in 349 households.
There are 327 renters living in 128 renter households in this City. Renters make up 35.43 percent of the population living in Cleveland.
What is the rental market like in Cleveland, Missouri?
There are an estimated 357 housing units in the Cleveland area. Of these, 128 units are rental homes, making up 36 percent of the housing market. For every renter household in Cleveland, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Cleveland?
The rental vacancy rate in Cleveland is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Cleveland for each bedroom size?
Occupied Rental Units by Size in Cleveland
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 2 | 8 | 60 | 43 | 13 |
Occupied Rental Units by Size in Cleveland
A large number of apartments in Cleveland 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 Cleveland are overburdened by housing costs?
Among renter households in this market, 16 percent have housing cost burden. Further, 13 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 Cleveland
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $985 to $1,931. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $985 |
| One BR | $1,098 |
| Two BR | $1,258 |
| Three BR | $1,645 |
| Four BR | $1,931 |
2024 Fair Market Rents in Cleveland, Missouri
How many units are rented at Fair Market Rent (FMR) in Cleveland?
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 | 2 | 100 percent |
| One BR | 8 | 100 percent |
| Two BR | 32 | 53 percent |
Rental Units Below FMR in Cleveland, Missouri
How many affordable rental units are in Cleveland?
There are a variety of federal affordable housing programs serving households in Cleveland, Missouri including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 8 |
Tracked Units by Federal Program in Cleveland, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Cleveland, Missouri
Cleveland features 8 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 Cleveland, Missouri
There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cleveland.
Housing Choice Vouchers in Cleveland, Missouri
On average, Section 8 Housing Choice vouchers pay Cleveland landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cleveland.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cleveland, Missouri for a two-bedroom apartment is between $1,132 and $1,384.
Sourced from federal housing data and AffordableHousingOnline.com research.
