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

Discover affordable housing in Newtown 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.

Newtown Housing Corporation

101 E Kimball St, Newtown, Missouri 64667

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

What HUD offices serve Newtown, 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 Newtown, Missouri.

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

How many renters live in Newtown, Missouri?

The City of Newtown has 206 people living in 57 households.

There are 60 renters living in 17 renter households in this City. Renters make up 29.13 percent of the population living in Newtown.

What is the rental market like in Newtown, Missouri?

There are an estimated 107 housing units in the Newtown area. Of these, 22 units are rental homes, making up 21 percent of the housing market. For every renter household in Newtown, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Newtown?

The rental vacancy rate in Newtown is 23 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 Newtown for each bedroom size?

Occupied Rental Units by Size in Newtown
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 4 13 0
Occupied Rental Units by Size in Newtown

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

Among renter households in this market, 76 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 Newtown

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $540 to $1,061. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $540
One BR $607
Two BR $797
Three BR $966
Four BR $1,061
2024 Fair Market Rents in Newtown, Missouri

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

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
Two BR 2 50 percent
Rental Units Below FMR in Newtown, Missouri

How many affordable rental units are in Newtown?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 13
Tracked Units by Federal Program in Newtown, Missouri

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

Income Based Apartments in Newtown, Missouri

Newtown features 13 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 Newtown, Missouri

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

Housing Choice Vouchers in Newtown, Missouri

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.