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

Discover affordable housing in Marion County where there are 23+ 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.

Anderson Country Estates

RR 3, Palmyra, Missouri 63461

306 North Seventh

306 N 7th St, Hannibal, Missouri 63401

300 Broadway Building

300 Broadway, Hannibal, Missouri 63401

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 Marion County, Missouri
$15.68/hour
$3.38 (+27%) more than Missouri minimum wage and $8.43 (+116%) more than the Federal minimum wage.
Learn More About Marion County, Missouri Affordable Housing ↓

What HUD offices serve Marion 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) programs for Marion County, Missouri.

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

How many renters live in Marion County, Missouri?

The County of Marion County has 28,525 people living in 11,295 households.

There are 7,585 renters living in 3,516 renter households in this County. Renters make up 26.59 percent of the population living in Marion County.

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

There are an estimated 12,874 housing units in the Marion County area. Of these, 3,882 units are rental homes, making up 30 percent of the housing market. For every renter household in Marion County, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Marion County?

The rental vacancy rate in Marion County is 7 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 Marion County for each bedroom size?

Occupied Rental Units by Size in Marion County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
93 851 1,182 1,205 150
Occupied Rental Units by Size in Marion County

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

Among renter households in this market, 33 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 Marion County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $622 to $1,208. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $622
One BR $669
Two BR $828
Three BR $1,167
Four BR $1,208
2024 Fair Market Rents in Marion County, Missouri

How many units are rented at Fair Market Rent (FMR) in Marion 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 75 81 percent
One BR 605 71 percent
Two BR 570 48 percent
Rental Units Below FMR in Marion County, Missouri

How many affordable rental units are in Marion County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 437
Public Housing 249
Section 8 Project-Based Rental Assistance 219
USDA Section 515 Rural Rental Housing 341
Tracked Units by Federal Program in Marion County, Missouri

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

Income Based Apartments in Marion County, Missouri

Marion County features 848 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 Marion County, Missouri

There are 249 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marion County.

Housing Choice Vouchers in Marion County, Missouri

On average, Section 8 Housing Choice vouchers pay Marion County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Marion County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Marion County, Missouri for a two-bedroom apartment is between $745 and $911.

Sourced from federal housing data and AffordableHousingOnline.com research.