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

Discover affordable housing in Vernon County where there are 11+ 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.

Schell City Housing

365 W 4th St, Schell City, Missouri 64783

Spring Village

710 W. Garfield, Nevada, Missouri 64772

Spring Village Apartments

710 W Garfield St, Nevada, Missouri 64772

Elmwood Estates

1102 N Elm St, Nevada, Missouri 64772

Nevada Heights Apartments

2501 E Johnson Dr, Nevada, Missouri 64772

Nevada Manor

200 W Highland Ave, Nevada, Missouri 64772

Ash Place Apartments

2095 N Ash St, Nevada, Missouri 64772

Nevada Estates, Lp

701 West Garfield, Nevada, Missouri

Chapman Estates

510 W Garfield St, Nevada, Missouri 64772

Walker Housing

101 E Katy Ln, Walker, Missouri 64790

Missouri

Johnson Dr And Meadow Ln, Nevada, Missouri 0

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Vernon County, Missouri
$16.38/hour
$4.08 (+33%) more than Missouri minimum wage and $9.13 (+126%) more than the Federal minimum wage.
Learn More About Vernon County, Missouri Affordable Housing ↓

How many renters live in Vernon County, Missouri?

The County of Vernon County has 19,777 people living in 7,776 households.

There are 4,766 renters living in 2,250 renter households in this County. Renters make up 24.1 percent of the population living in Vernon County.

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

There are an estimated 8,965 housing units in the Vernon County area. Of these, 2,293 units are rental homes, making up 26 percent of the housing market. For every renter household in Vernon County, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Vernon County?

The rental vacancy rate in Vernon County is 2 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 Vernon County for each bedroom size?

Occupied Rental Units by Size in Vernon County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
89 503 942 477 210
Occupied Rental Units by Size in Vernon County

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

Among renter households in this market, 37 percent have housing cost burden. Further, 15 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 Vernon County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $652 to $1,379. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $652
One BR $658
Two BR $865
Three BR $1,096
Four BR $1,379
2024 Fair Market Rents in Vernon County, Missouri

How many units are rented at Fair Market Rent (FMR) in Vernon 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 82 92 percent
One BR 396 79 percent
Two BR 525 56 percent
Rental Units Below FMR in Vernon County, Missouri

How many affordable rental units are in Vernon County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 139
Public Housing 200
Section 8 Project-Based Rental Assistance 123
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Vernon County, Missouri

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

Income Based Apartments in Vernon County, Missouri

Vernon County features 384 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 Vernon County, Missouri

There are 160 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Vernon County.

Housing Choice Vouchers in Vernon County, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Vernon County, Missouri for a two-bedroom apartment is between $779 and $952.

Sourced from federal housing data and AffordableHousingOnline.com research.