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

Discover affordable housing in Festus 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.

Festus Gardens

506 Briar Ridge, Festus, Missouri 63028

bed 1-3
payment Subsidized
accessibility Accessible

Oak Knoll Apartments Phase II

1 Oak Knoll Dr, Festus, Missouri 63028

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

141 Dublin Ln Unit 000

141 Dublin Ln Unit 000, Festus, Missouri 63028

bed 2
payment $850/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

Twin City Villa

100 Twin City Dr, Festus, Missouri 63028

switch_access_shortcut Short Wait
accessibility Accessible

Sand Hills Place Apartments

Truman Village Blvd, Festus, Missouri 63028

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Festus

1556 Robert Thompson Dr, Festus, Missouri 63028

payment Subsidized

How To Identify Affordable Housing in Festus, 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 Festus, Missouri
$22.90/hour
$10.60 (+86%) more than Missouri minimum wage and $15.65 (+216%) more than the Federal minimum wage.
Learn More About Festus, Missouri Affordable Housing ↓

What HUD offices serve Festus, 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), Homeownership Voucher, Mainstream Voucher programs for Festus, Missouri.
Operates the Public Housing programs for Festus, Missouri.

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

How many renters live in Festus, Missouri?

The City of Festus has people living in households.

There are renters living in renter households in this City. Renters make up 39.87 percent of the population living in Festus.

What is the rental market like in Festus, Missouri?

There are an estimated housing units in the Festus area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Festus, Missouri, there are 1.02 rental units.

What is the vacancy rate for rentals in Festus?

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

Occupied Rental Units by Size in Festus
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 480 919 502 333
Occupied Rental Units by Size in Festus

A large number of apartments in Festus 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 Festus

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $928 to $1,818. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $928
One BR $972
Two BR $1,209
Three BR $1,565
Four BR $1,818
2024 Fair Market Rents in Festus, Missouri

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

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
One BR 386 80 percent
Two BR 818 89 percent
Rental Units Below FMR in Festus, Missouri

How many affordable rental units are in Festus?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in Festus, Missouri

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

Income Based Apartments in Festus, Missouri

Festus features 79 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 Festus, Missouri

There are 97 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Festus.

Housing Choice Vouchers in Festus, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Festus, Missouri for a two-bedroom apartment is between $1,088 and $1,330.

Sourced from federal housing data and AffordableHousingOnline.com research.

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