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

Discover affordable housing in Phelps County where there are 13+ 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.

Forum Manor Apartments

1900 Farrar Dr, Rolla, Missouri 65401

Diamond Apartments

2005 Forum Dr., Rolla, Missouri 65401

Rolla Apartments

1101 McCutchen Rd, Rolla, Missouri 65401

Country Hills Estates

2200 Country Hills Court, Rolla, Missouri 65401

Diamond Apartment (formally Oaktree Apartments)

2003 Forum Dr, Rolla, Missouri 65401

Lecoma Ridge, Phase II Apartments

Avon Court and Devonshire Ln, Rolla, Missouri 65401

Lecoma Ridge Phase II Apartments

1225 Devonshire Ln, Rolla, Missouri 65401

St James Apartments

1115 W Springfield St, St James, Missouri 65559

Park Meadows

808 Aldi Dr, Rolla, Missouri 65401

St James Court Apartments

340 Parker Ln, St James, Missouri 65559

Park Place

415 Lanning Ln, Rolla, Missouri 65401

Lecoma Ridge Assoc

806 Avon Ct, Rolla, Missouri

Park Place

407 Lanning Ln, Rolla, Missouri 65401

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Phelps County, Missouri
$4.08 (+33%) more than Missouri minimum wage and $9.13 (+126%) more than the Federal minimum wage.
Learn More About Phelps County, Missouri Affordable Housing ↓

What HUD offices serve Phelps 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), Public Housing programs for Phelps County, Missouri.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Phelps County, Missouri.

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

How many renters live in Phelps County, Missouri?

The County of Phelps County has 44,843 people living in 17,730 households.

There are 14,065 renters living in 7,073 renter households in this County. Renters make up 31.36 percent of the population living in Phelps County.

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

There are an estimated 20,194 housing units in the Phelps County area. Of these, 7,571 units are rental homes, making up 37 percent of the housing market. For every renter household in Phelps County, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Phelps County?

The rental vacancy rate in Phelps County 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 Phelps County for each bedroom size?

Occupied Rental Units by Size in Phelps County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
409 1,672 2,977 1,548 405
Occupied Rental Units by Size in Phelps County

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

Among renter households in this market, 52 percent have housing cost burden. Further, 24 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 Phelps County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $646 to $1,168. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $646
One BR $658
Two BR $865
Three BR $1,161
Four BR $1,168
2024 Fair Market Rents in Phelps County, Missouri

How many units are rented at Fair Market Rent (FMR) in Phelps 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 303 74 percent
One BR 1,018 61 percent
Two BR 1,653 56 percent
Rental Units Below FMR in Phelps County, Missouri

How many affordable rental units are in Phelps County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 405
Public Housing 149
Section 8 Project-Based Rental Assistance 194
Section 202 Supportive Housing for the Elderly 1
Section 811 Supportive Housing for Persons with Disabilities 3
USDA Section 515 Rural Rental Housing 72
Tracked Units by Federal Program in Phelps County, Missouri

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

Income Based Apartments in Phelps County, Missouri

Phelps County features 266 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 Phelps County, Missouri

There are 320 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Phelps County.

Housing Choice Vouchers in Phelps County, Missouri

On average, Section 8 Housing Choice vouchers pay Phelps County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Phelps County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Phelps County, Missouri for a two-bedroom apartment is between $779 and $952.

Sourced from federal housing data and AffordableHousingOnline.com research.