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

Discover affordable housing in Freistatt where there are 1+ 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.

Die Goldene Heimat Home for Golden Years

200 W 3rd St, Freistatt, Missouri

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Freistatt, Missouri
$15.09/hour
$2.79 (+23%) more than Missouri minimum wage and $7.84 (+108%) more than the Federal minimum wage.
Learn More About Freistatt, Missouri Affordable Housing ↓

What HUD offices serve Freistatt, 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 Freistatt, Missouri.

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

How many renters live in Freistatt, Missouri?

The City of Freistatt has 255 people living in 108 households.

There are 68 renters living in 35 renter households in this City. Renters make up 26.67 percent of the population living in Freistatt.

What is the rental market like in Freistatt, Missouri?

There are an estimated 135 housing units in the Freistatt area. Of these, 35 units are rental homes, making up 26 percent of the housing market. For every renter household in Freistatt, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Freistatt?

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

Occupied Rental Units by Size in Freistatt
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 19 15 1 0
Occupied Rental Units by Size in Freistatt

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

Among renter households in this market, 54 percent have housing cost burden. Further, 11 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 Freistatt

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $615 to $1,229. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $615
One BR $619
Two BR $797
Three BR $1,123
Four BR $1,229
2024 Fair Market Rents in Freistatt, Missouri

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

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 19 100 percent
Two BR 3 20 percent
Rental Units Below FMR in Freistatt, Missouri

How many affordable rental units are in Freistatt?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 19
Tracked Units by Federal Program in Freistatt, Missouri

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

Income Based Apartments in Freistatt, Missouri

Freistatt features 19 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 Freistatt, Missouri

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Freistatt.

Housing Choice Vouchers in Freistatt, Missouri

On average, Section 8 Housing Choice vouchers pay Freistatt landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Freistatt.

The maximum amount a voucher would pay on behalf of a low-income tenant in Freistatt, Missouri for a two-bedroom apartment is between $717 and $877.

Sourced from federal housing data and AffordableHousingOnline.com research.