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

Discover affordable housing in Putnam County where there are 4+ 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.

Unionville Estates

600 N 18th St, Unionville, Missouri

Unionville Properties

2205 Birch St, Unionville, Missouri 63565

Golden Valley

600 N 19th St, Unionville, Missouri 63565

North Valley Townhomes

1604 N Valley Ln, Unionville, Missouri 63565

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

What HUD offices serve Putnam 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 Putnam County, Missouri.

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

How many renters live in Putnam County, Missouri?

The County of Putnam County has 4,698 people living in 1,768 households.

There are 617 renters living in 331 renter households in this County. Renters make up 13.13 percent of the population living in Putnam County.

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

There are an estimated 2,845 housing units in the Putnam County area. Of these, 389 units are rental homes, making up 14 percent of the housing market. For every renter household in Putnam County, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Putnam County?

The rental vacancy rate in Putnam County is 15 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 Putnam County for each bedroom size?

Occupied Rental Units by Size in Putnam County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
16 74 163 68 1
Occupied Rental Units by Size in Putnam County

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

Among renter households in this market, 31 percent have housing cost burden. Further, 18 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 Putnam County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,217. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $601
One BR $653
Two BR $797
Three BR $1,069
Four BR $1,217
2024 Fair Market Rents in Putnam County, Missouri

How many units are rented at Fair Market Rent (FMR) in Putnam 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 16 100 percent
One BR 67 91 percent
Two BR 72 44 percent
Rental Units Below FMR in Putnam County, Missouri

How many affordable rental units are in Putnam County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 8
Section 8 Project-Based Rental Assistance 40
USDA Section 515 Rural Rental Housing 76
Tracked Units by Federal Program in Putnam County, Missouri

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

Income Based Apartments in Putnam County, Missouri

Putnam County features 117 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 Putnam County, Missouri

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

Housing Choice Vouchers in Putnam County, Missouri

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.