Low Income Apartments and Affordable Housing For Rent in Oak Grove, MO

Discover affordable housing in Oak Grove 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.

Heather Oaks Apartments

1000 S Prairie Ln, Oak Grove, Missouri 64075

Oak Grove Estate

Salem St, Oak Grove, Missouri 64075

Oak Grove Villa

605 S Clinton St, Oak Grove, Missouri 64075

Red Maple Villas

300 SE 27th St, Oak Grove, Missouri 64075

Oak Grove Manor Apartments

1401 S Broadway, Oak Grove, Missouri 64075

Oak Grove Propertie

701 South Salem, Oak Grove, Missouri

Westchester Village of Oak

408 SE 7th St, Oak Grove, Missouri 64075

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Oak Grove, Missouri
$23.83/hour
$11.53 (+94%) more than Missouri minimum wage and $16.58 (+229%) more than the Federal minimum wage.
Learn More About Oak Grove, Missouri Affordable Housing ↓

How many renters live in Oak Grove, Missouri?

The City of Oak Grove has 8,304 people living in 2,947 households.

There are 2,454 renters living in 1,005 renter households in this City. Renters make up 29.55 percent of the population living in Oak Grove.

What is the rental market like in Oak Grove, Missouri?

There are an estimated 3,121 housing units in the Oak Grove area. Of these, 1,059 units are rental homes, making up 34 percent of the housing market. For every renter household in Oak Grove, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Oak Grove?

The rental vacancy rate in Oak Grove 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 Oak Grove for each bedroom size?

Occupied Rental Units by Size in Oak Grove
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 122 522 298 57
Occupied Rental Units by Size in Oak Grove

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

Among renter households in this market, 40 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 Oak Grove

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $985 to $1,931. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $985
One BR $1,098
Two BR $1,258
Three BR $1,645
Four BR $1,931
2024 Fair Market Rents in Oak Grove, Missouri

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

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 6 100 percent
One BR 122 100 percent
Two BR 412 79 percent
Rental Units Below FMR in Oak Grove, Missouri

How many affordable rental units are in Oak Grove?

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

Federal Program Unit Count
Low Income Housing Tax Credit 103
Section 8 Project-Based Rental Assistance 40
USDA Section 515 Rural Rental Housing 61
Tracked Units by Federal Program in Oak Grove, Missouri

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

Income Based Apartments in Oak Grove, Missouri

Oak Grove features 126 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 Oak Grove, Missouri

There are 69 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oak Grove.

Housing Choice Vouchers in Oak Grove, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Oak Grove, Missouri for a two-bedroom apartment is between $1,132 and $1,384.

Sourced from federal housing data and AffordableHousingOnline.com research.