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

Discover affordable housing in Lebanon where there are 13+ 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.

Lebanon Properties III

750 Main St, Lebanon, Missouri 65536

Lebanon Oaks Apartments

601 St. Louis St, Lebanon, Missouri 65536

Lebanon Heights Apartments

450 Wood St, Lebanon, Missouri 65536

Monroe Estates

601 North Monroe , Lebanon, Missouri 65536

Tower Village

623 Tower Road, Lebanon, Missouri 65536

W.T. Vernon Housing

550 Harwood Ave, Lebanon, Missouri 65536

Timber Creek Estates

628 E Bland Rd, Lebanon, Missouri 65536

Lebanon Fields Apartments

1535 Tower Rd, Lebanon, Missouri 65536

Lebanon Senior Housing, Phase II

919 Tower Rd, Lebanon, Missouri 65536


Woodhill Dr, Lebanon, Missouri 65536

Maple Village

261 Harwood Ave, Lebanon, Missouri 65536

Lebanon Sundance Apartments

1041 Ivey Ln, Lebanon, Missouri 65536


Bland And Tower Sts, Lebanon, Missouri 99999

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 Lebanon, Missouri
$2.79 (+23%) more than Missouri minimum wage and $7.84 (+108%) more than the Federal minimum wage.
Learn More About Lebanon, Missouri Affordable Housing ↓

What HUD offices serve Lebanon, 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 Public Housing programs for Lebanon, Missouri.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Lebanon, Missouri.

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

How many renters live in Lebanon, Missouri?

The City of Lebanon has 15,023 people living in 6,114 households.

There are 6,549 renters living in 2,907 renter households in this City. Renters make up 43.59 percent of the population living in Lebanon.

What is the rental market like in Lebanon, Missouri?

There are an estimated 6,789 housing units in the Lebanon area. Of these, 3,174 units are rental homes, making up 47 percent of the housing market. For every renter household in Lebanon, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Lebanon?

The rental vacancy rate in Lebanon is 8 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 Lebanon for each bedroom size?

Occupied Rental Units by Size in Lebanon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
210 525 1,095 1,025 36
Occupied Rental Units by Size in Lebanon

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

Among renter households in this market, 38 percent have housing cost burden. Further, 15 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 Lebanon

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,353. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $601
One BR $607
Two BR $797
Three BR $1,061
Four BR $1,353
2024 Fair Market Rents in Lebanon, Missouri

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

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 138 66 percent
One BR 426 81 percent
Two BR 587 54 percent
Rental Units Below FMR in Lebanon, Missouri

How many affordable rental units are in Lebanon?

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

Federal Program Unit Count
Low Income Housing Tax Credit 347
Public Housing 162
Section 8 Project-Based Rental Assistance 140
USDA Section 515 Rural Rental Housing 131
Tracked Units by Federal Program in Lebanon, Missouri

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

Income Based Apartments in Lebanon, Missouri

Lebanon features 408 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 Lebanon, Missouri

There are 186 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lebanon.

Housing Choice Vouchers in Lebanon, Missouri

On average, Section 8 Housing Choice vouchers pay Lebanon landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Lebanon.

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

Sourced from federal housing data and AffordableHousingOnline.com research.