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

Discover affordable housing in Mindenmines 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.

Minden Acres

306 W 4th St, Mindenmines, Missouri

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

How many renters live in Mindenmines, Missouri?

The City of Mindenmines has 387 people living in 183 households.

There are 77 renters living in 24 renter households in this City. Renters make up 19.9 percent of the population living in Mindenmines.

What is the rental market like in Mindenmines, Missouri?

There are an estimated 216 housing units in the Mindenmines area. Of these, 24 units are rental homes, making up 11 percent of the housing market. For every renter household in Mindenmines, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Mindenmines?

The rental vacancy rate in Mindenmines 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 Mindenmines for each bedroom size?

Occupied Rental Units by Size in Mindenmines
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 9 2 11 2
Occupied Rental Units by Size in Mindenmines

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

Among renter households in this market, 4 percent have housing cost burden. Further, 0 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 Mindenmines

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,310. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $601
One BR $659
Two BR $797
Three BR $1,077
Four BR $1,310
2024 Fair Market Rents in Mindenmines, Missouri

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

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 9 100 percent
Two BR 2 100 percent
Rental Units Below FMR in Mindenmines, Missouri

How many affordable rental units are in Mindenmines?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 10
Tracked Units by Federal Program in Mindenmines, Missouri

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

Income Based Apartments in Mindenmines, Missouri

Mindenmines features 10 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 Mindenmines, Missouri

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

Housing Choice Vouchers in Mindenmines, Missouri

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.