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

Discover affordable housing in Leadwood 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.

Cedar Ridge Apartments

1001 Caviness Dr, Leadwood, Missouri 63653

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Leadwood, Missouri
$15.51/hour
$3.21 (+26%) more than Missouri minimum wage and $8.26 (+114%) more than the Federal minimum wage.
Learn More About Leadwood, Missouri Affordable Housing ↓

What HUD offices serve Leadwood, 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 Leadwood, Missouri.

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

How many renters live in Leadwood, Missouri?

The City of Leadwood has 1,475 people living in 500 households.

There are 528 renters living in 162 renter households in this City. Renters make up 35.8 percent of the population living in Leadwood.

What is the rental market like in Leadwood, Missouri?

There are an estimated 637 housing units in the Leadwood area. Of these, 179 units are rental homes, making up 28 percent of the housing market. For every renter household in Leadwood, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Leadwood?

The rental vacancy rate in Leadwood is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Leadwood for each bedroom size?

Occupied Rental Units by Size in Leadwood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 21 62 48 31
Occupied Rental Units by Size in Leadwood

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

Among renter households in this market, 59 percent have housing cost burden. Further, 41 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 Leadwood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $617 to $1,122. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $617
One BR $623
Two BR $819
Three BR $1,117
Four BR $1,122
2024 Fair Market Rents in Leadwood, Missouri

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

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 15 71 percent
Two BR 20 32 percent
Rental Units Below FMR in Leadwood, Missouri

How many affordable rental units are in Leadwood?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Leadwood, Missouri

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

Income Based Apartments in Leadwood, Missouri

Leadwood features 16 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 Leadwood, Missouri

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

Housing Choice Vouchers in Leadwood, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Leadwood, Missouri for a two-bedroom apartment is between $737 and $901.

Sourced from federal housing data and AffordableHousingOnline.com research.