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

Discover affordable housing in Riverside where there are 3+ 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.

Riverside Townhouses II

3013 NW 47th Ter, Riverside, Missouri 64150

payment Subsidized

4807 NW Homestead Rd

4807 NW Homestead Rd, Riverside, Missouri 64150

bed 2
payment $950/mo.

4825-4833-4833 NW Homestead Terrace

4825-4833-4833 NW Homestead Terrace, Riverside, Missouri 64150

bed 2
payment $850/mo.

How To Identify Affordable Housing in Riverside, Missouri

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
Open Until Further Notice
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Reported On February 23rd, 2024 by Nathan Brunet

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

What HUD offices serve Riverside, 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 Riverside, Missouri.

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

How many renters live in Riverside, Missouri?

The City of Riverside has people living in households.

There are renters living in renter households in this City. Renters make up 57.65 percent of the population living in Riverside.

What is the rental market like in Riverside, Missouri?

There are an estimated housing units in the Riverside area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Riverside, Missouri, there are 1.07 rental units.

What is the vacancy rate for rentals in Riverside?

The rental vacancy rate in Riverside 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 Riverside for each bedroom size?

Occupied Rental Units by Size in Riverside
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
52 158 626 106 12
Occupied Rental Units by Size in Riverside

A large number of apartments in Riverside have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Riverside

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 Riverside, Missouri

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

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 51 98 percent
One BR 145 92 percent
Two BR 560 89 percent
Rental Units Below FMR in Riverside, Missouri

How many affordable rental units are in Riverside?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in Riverside, Missouri

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

Income Based Apartments in Riverside, Missouri

Riverside features 64 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 Riverside, Missouri

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

Housing Choice Vouchers in Riverside, Missouri

On average, Section 8 Housing Choice vouchers pay Riverside landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Riverside.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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