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

Discover affordable housing in Rolla where there are 11+ 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

Park Meadows

808 Aldi Dr, Rolla, Missouri 65401

Park Place

415 Lanning Ln, Rolla, Missouri 65401

Lecoma Ridge Assoc

806 Avon Ct, Rolla, Missouri

Park Place

407 Lanning Ln, Rolla, Missouri 65401

Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

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

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

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

How many renters live in Rolla, Missouri?

The City of Rolla has 20,025 people living in 8,222 households.

There are 9,470 renters living in 4,896 renter households in this City. Renters make up 47.29 percent of the population living in Rolla.

What is the rental market like in Rolla, Missouri?

There are an estimated 9,365 housing units in the Rolla area. Of these, 5,369 units are rental homes, making up 57 percent of the housing market. For every renter household in Rolla, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Rolla?

The rental vacancy rate in Rolla is 7 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 Rolla for each bedroom size?

Occupied Rental Units by Size in Rolla
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
405 1,321 2,070 821 256
Occupied Rental Units by Size in Rolla

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

Among renter households in this market, 56 percent have housing cost burden. Further, 26 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 Rolla

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 Rolla, Missouri

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

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 299 74 percent
One BR 793 60 percent
Two BR 1,143 55 percent
Rental Units Below FMR in Rolla, Missouri

How many affordable rental units are in Rolla?

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

Federal Program Unit Count
Low Income Housing Tax Credit 389
Public Housing 149
Section 8 Project-Based Rental Assistance 194
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Rolla, Missouri

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

Income Based Apartments in Rolla, Missouri

Rolla features 242 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 Rolla, Missouri

There are 288 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rolla.

Housing Choice Vouchers in Rolla, Missouri

On average, Section 8 Housing Choice vouchers pay Rolla landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Rolla.

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

Sourced from federal housing data and AffordableHousingOnline.com research.