Low Income Apartments and Affordable Housing For Rent in La Belle, MO

Discover affordable housing in La Belle 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.

Labelle Senior Housing, Inc

510 Lincoln St, La Belle, Missouri 63447

calendar_today Opened: Mar 21
Open Until Further Notice

Reported On March 21st, 2024 by Lorena Bentley

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

What HUD offices serve La Belle, 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 La Belle, Missouri.

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

How many renters live in La Belle, Missouri?

The City of La Belle has 784 people living in 218 households.

There are 301 renters living in 85 renter households in this City. Renters make up 38.39 percent of the population living in La Belle.

What is the rental market like in La Belle, Missouri?

There are an estimated 314 housing units in the La Belle area. Of these, 85 units are rental homes, making up 27 percent of the housing market. For every renter household in La Belle, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in La Belle?

The rental vacancy rate in La Belle 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 La Belle for each bedroom size?

Occupied Rental Units by Size in La Belle
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
16 12 29 21 7
Occupied Rental Units by Size in La Belle

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

Among renter households in this market, 33 percent have housing cost burden. Further, 18 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 La Belle

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $542 to $1,061. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $542
One BR $607
Two BR $797
Three BR $1,027
Four BR $1,061
2024 Fair Market Rents in La Belle, Missouri

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

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 16 100 percent
One BR 12 100 percent
Two BR 29 100 percent
Rental Units Below FMR in La Belle, Missouri

How many affordable rental units are in La Belle?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 40
Tracked Units by Federal Program in La Belle, Missouri

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

Income Based Apartments in La Belle, Missouri

La Belle features 40 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 La Belle, Missouri

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

Housing Choice Vouchers in La Belle, Missouri

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.