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

Discover affordable housing in Franklin County where there are 25+ 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.

Riverbend Estates

1701 High Street, Washington, Missouri 63090

Heritage Village Apartments

700 Fremont St, Washington, Missouri 63090

Flier Drive Estates

130 W Flier Dr, Pacific, Missouri 63069

Greater St. Clair Homes

1100 Park Dr, Saint Clair, Missouri 63077

Summit Valley Apartments

155 Summit Valley Loop, Pacific, Missouri 63069

Parkview Apartments New Haven Dev

Douglas St, New Haven, Missouri 63068

Park Hills Apartments

1211 N Washington Ave, Union, Missouri 63084

St Clair Senior Apartments

155 Cresent Lake Rd, St. Clair, Missouri 63077

Christa Court Apartments

1022 North Christina, Union, Missouri 63084

Oak View Village

204 Oak View Circle, Union, Missouri 63084

Millstone Village Apartments

200 Millstone Village Dr, Pacific, Missouri 63069

Cherry Creek Estates

1185 Highway Tt, Saint Clair, Missouri 63077

Union Place Apartments

1020 Independence Dr, Union, Missouri 63084

Osage Estates 2011 Llc

2615 Lisa Ln, Pacific, Missouri 63069

Haven Manor of New Haven

100-900 Haven Manor Dr, New Haven, Missouri

Gerald Apartments

501 N Main St, Gerald, Missouri 63037

Palisades of Pacific Vii, Lp

652 Palisades Dr, Pacific, Missouri 63069

Franklin Co. Senior Apartments

1670 Franklin Dr, Saint Clair, Missouri 63077

Palisades Fo Pacific V Lp

636 Palisades Dr, Pacific, Missouri 63069

Palisades of Pacific VI

635 Palisades Dr, Pacific, Missouri 63069

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Franklin County, 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 Franklin County, Missouri Affordable Housing ↓

What HUD offices serve Franklin County, 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 Franklin County, Missouri.

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

How many renters live in Franklin County, Missouri?

The County of Franklin County has 105,879 people living in 43,809 households.

There are 25,419 renters living in 11,651 renter households in this County. Renters make up 24.01 percent of the population living in Franklin County.

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

There are an estimated 45,420 housing units in the Franklin County area. Of these, 9,981 units are rental homes, making up 22 percent of the housing market. For every renter household in Franklin County, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Franklin County?

The rental vacancy rate in Franklin County is 6 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 Franklin County for each bedroom size?

Occupied Rental Units by Size in Franklin County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
142 1,631 4,757 2,248 425
Occupied Rental Units by Size in Franklin County

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

Among renter households in this market, 38 percent have housing cost burden. Further, 17 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 Franklin County

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 Franklin County, Missouri

How many units are rented at Fair Market Rent (FMR) in Franklin 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 124 87 percent
One BR 1,447 89 percent
Two BR 4,183 88 percent
Rental Units Below FMR in Franklin County, Missouri

How many affordable rental units are in Franklin County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 670
Section 811 Supportive Housing for Persons with Disabilities 9
USDA Section 515 Rural Rental Housing 258
Tracked Units by Federal Program in Franklin County, Missouri

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

Income Based Apartments in Franklin County, Missouri

Franklin County features 230 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 Franklin County, Missouri

There are 402 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Franklin County.

Housing Choice Vouchers in Franklin County, Missouri

On average, Section 8 Housing Choice vouchers pay Franklin County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Franklin County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.