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

Discover affordable housing in Stone County where there are 7+ 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.

Green Oaks Estates

104 Bel Aire Ct, Crane, Missouri 65633

Cottage Hill

26 Cottage Hill Rd, Kimberling City, Missouri 65686

Valleyview Estates

117 Estate Ln, Branson West, Missouri 65737

Reeds Spring Senior Citizens Housing

23053 Main St, Reeds Spring, Missouri 65737

Valley View Apartments

602 Compton Ave, Crane, Missouri

Galena Senior Cit Housing

Galena Senior Citizens Housing, Galena, Missouri

Valleyview Estates - 99 - 051

Hwy 13, Branson West, Missouri 65737

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 Stone County, Missouri
$15.36/hour
$3.06 (+25%) more than Missouri minimum wage and $8.11 (+112%) more than the Federal minimum wage.
Learn More About Stone County, Missouri Affordable Housing ↓

What HUD offices serve Stone 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 Stone County, Missouri.

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

How many renters live in Stone County, Missouri?

The County of Stone County has 31,314 people living in 12,726 households.

There are 4,396 renters living in 1,933 renter households in this County. Renters make up 14.04 percent of the population living in Stone County.

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

There are an estimated 20,102 housing units in the Stone County area. Of these, 1,989 units are rental homes, making up 10 percent of the housing market. For every renter household in Stone County, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Stone County?

The rental vacancy rate in Stone County is 1 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 Stone County for each bedroom size?

Occupied Rental Units by Size in Stone County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
80 259 828 592 126
Occupied Rental Units by Size in Stone County

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

Among renter households in this market, 37 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 Stone County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,376. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $613
One BR $617
Two BR $811
Three BR $1,143
Four BR $1,376
2024 Fair Market Rents in Stone County, Missouri

How many units are rented at Fair Market Rent (FMR) in Stone 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 19 24 percent
One BR 151 58 percent
Two BR 383 46 percent
Rental Units Below FMR in Stone County, Missouri

How many affordable rental units are in Stone County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 68
Section 8 Project-Based Rental Assistance 27
USDA Section 515 Rural Rental Housing 55
Tracked Units by Federal Program in Stone County, Missouri

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

Income Based Apartments in Stone County, Missouri

Stone County features 83 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 Stone County, Missouri

There are 118 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stone County.

Housing Choice Vouchers in Stone County, Missouri

On average, Section 8 Housing Choice vouchers pay Stone County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Stone County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Stone County, Missouri for a two-bedroom apartment is between $730 and $892.

Sourced from federal housing data and AffordableHousingOnline.com research.