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

Discover affordable housing in Neosho where there are 9+ 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.

The Lane Apartments

303 E Hickory Street, Neosho, Missouri 64850

The Oaks and Summit View

321 Hamilton St, Neosho, Missouri 64850

Greystone Place

201 N Jefferson St, Neosho, Missouri 64850

The Hamptons of Neosho

3615 Beaumont St, Neosho, Missouri 64850

Neosho Villas

3080 Laramie Ln, Neosho, Missouri 64850

Neosho Meadows

2980 Laramie Ln, Neosho, Missouri 64850

Brook Street Apartments

423 W Brook St, Neosho, Missouri

Crowder Apartments

RR 6, Neosho, Missouri 64850

Stewart Apartments

345 N Wood St, Neosho, Missouri 64850

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Neosho, Missouri
$17.48/hour
$5.18 (+42%) more than Missouri minimum wage and $10.23 (+141%) more than the Federal minimum wage.
Learn More About Neosho, Missouri Affordable Housing ↓

What HUD offices serve Neosho, 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 Neosho, Missouri.

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

How many renters live in Neosho, Missouri?

The City of Neosho has 12,670 people living in 4,513 households.

There are 4,964 renters living in 1,902 renter households in this City. Renters make up 39.18 percent of the population living in Neosho.

What is the rental market like in Neosho, Missouri?

There are an estimated 5,047 housing units in the Neosho area. Of these, 2,009 units are rental homes, making up 40 percent of the housing market. For every renter household in Neosho, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Neosho?

The rental vacancy rate in Neosho is 5 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 Neosho for each bedroom size?

Occupied Rental Units by Size in Neosho
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
32 385 789 597 99
Occupied Rental Units by Size in Neosho

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

Among renter households in this market, 38 percent have housing cost burden. Further, 12 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 Neosho

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $722 to $1,268. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $722
One BR $741
Two BR $923
Three BR $1,177
Four BR $1,268
2024 Fair Market Rents in Neosho, Missouri

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

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 31 97 percent
One BR 264 69 percent
Two BR 579 73 percent
Rental Units Below FMR in Neosho, Missouri

How many affordable rental units are in Neosho?

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

Federal Program Unit Count
Low Income Housing Tax Credit 266
Public Housing 80
Section 8 Project-Based Rental Assistance 51
USDA Section 515 Rural Rental Housing 32
Tracked Units by Federal Program in Neosho, Missouri

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

Income Based Apartments in Neosho, Missouri

Neosho features 147 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 Neosho, Missouri

There are 223 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Neosho.

Housing Choice Vouchers in Neosho, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Neosho, Missouri for a two-bedroom apartment is between $831 and $1,015.

Sourced from federal housing data and AffordableHousingOnline.com research.