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

Discover affordable housing in Pike County where there are 12+ 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.

Parkview Senior Apartments of Eolia

117 S Main St, Eolia, Missouri 63344

Bowling Green

510 W Champ Clark Dr, Bowling Green, Missouri 63334

Frankford Elderly Housing Corporation

314 King St, Frankford, Missouri 63441

Clarksville Estates

115 N 1st St, Clarksville, Missouri 63336

Thomas Apartments Complex

207 S 5th St, Louisiana, Missouri 63353

Heritage Place Apartments

100 Heritage Place Lane, Bowling Green, Missouri 63334

Tella Jane Senior

4400 Tella Jane Ave, Louisiana, Missouri 63353

Creekside Apartments

100 Creekside Dr, Bowling Green, Missouri 63334

Louisiana Housing Assn Inc

1000 N Carolina, Louisiana, Missouri

Bowling Green

1800 W Main St, Bowling Green, Missouri

Pray Apartments

703 N Carolina St, Louisiana, Missouri 63353

Main Street Apartments

501 S Main St, Louisiana, Missouri 63353

calendar_today Opened: Mar 21
Open Until Further Notice

Reported On March 21st, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Pike County, Missouri
$15.53/hour
$3.23 (+26%) more than Missouri minimum wage and $8.28 (+114%) more than the Federal minimum wage.
Learn More About Pike County, Missouri Affordable Housing ↓

What HUD offices serve Pike 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) programs for Pike County, Missouri.

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

How many renters live in Pike County, Missouri?

The County of Pike County has 17,719 people living in 6,307 households.

There are 4,317 renters living in 1,659 renter households in this County. Renters make up 24.36 percent of the population living in Pike County.

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

There are an estimated 7,623 housing units in the Pike County area. Of these, 1,735 units are rental homes, making up 23 percent of the housing market. For every renter household in Pike County, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Pike County?

The rental vacancy rate in Pike County is 3 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 Pike County for each bedroom size?

Occupied Rental Units by Size in Pike County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
20 315 623 543 90
Occupied Rental Units by Size in Pike County

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

Among renter households in this market, 31 percent have housing cost burden. Further, 14 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 Pike County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $618 to $1,092. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $618
One BR $624
Two BR $820
Three BR $991
Four BR $1,092
2024 Fair Market Rents in Pike County, Missouri

How many units are rented at Fair Market Rent (FMR) in Pike 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 14 70 percent
One BR 285 90 percent
Two BR 311 50 percent
Rental Units Below FMR in Pike County, Missouri

How many affordable rental units are in Pike County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 123
Public Housing 105
Section 8 Project-Based Rental Assistance 36
USDA Section 515 Rural Rental Housing 117
Tracked Units by Federal Program in Pike County, Missouri

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

Income Based Apartments in Pike County, Missouri

Pike County features 289 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 Pike County, Missouri

There are 91 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pike County.

Housing Choice Vouchers in Pike County, Missouri

On average, Section 8 Housing Choice vouchers pay Pike County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Pike County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Pike County, Missouri for a two-bedroom apartment is between $738 and $902.

Sourced from federal housing data and AffordableHousingOnline.com research.