Cheap Apartments In Saint Joseph
Buchanan County, Missouri

East Ridge Manor

1501 Village Dr
Saint Joseph, MO
62+
Accessable
Subsidized

St Francis Apartments

1601 S 38th St
Saint Joseph, MO
62+
Accessable
Subsidized

Northwood Terrace

1203 Northwood Dr
Saint Joseph, MO
Subsidized

Meadow Creek

3502 Messanie St
Saint Joseph, MO
62+
Accessable
Subsidized

The Maples Apartments

3721 Charles St
Saint Joseph, MO
Accessable
Subsidized

East Ridge Manor

1501 Village Dr
Saint Joseph, MO
62+
Accessable
Subsidized

St Francis Apartments

1601 S 38th St
Saint Joseph, MO
62+
Accessable
Subsidized

Northwood Terrace

1203 Northwood Dr
Saint Joseph, MO
Subsidized

Meadow Creek

3502 Messanie St
Saint Joseph, MO
62+
Accessable
Subsidized

The Maples Apartments

3721 Charles St
Saint Joseph, MO
Accessable
Subsidized

There are 42 low income housing apartment complexes which contain 1,733 affordable apartments for rent in Saint Joseph, Missouri. Many of these rental apartments are income based housing with about 958 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 444 Project-Based Section 8 subsidized apartments in Saint Joseph. There are 1,033 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Saint Joseph

The Grundy County Public Housing Agency is a Section 8 public housing agency in Trenton, Missouri.

Understanding Affordable Housing in Saint Joseph, Missouri

Saint Joseph, MO Affordable Housing Snapshot

Total Affordable Apartment Properties 42
Total Low Income Apartments 1,733
Total Rent Assisted Apartments 958
Percentage of Housing Units Occupied By Renters 40.17%
Average Renter Household Size 2.53
Total Population 77,037
Housing Units 28,557
Average Household Size 2.56
Median Household Income $43,298 ±$1,856
Median Rent $707 ±$16
Percentage Of Renters Overburdened 47.05% ± 3.8pp

Population and Household Demographics

Saint Joseph is a City in Buchanan County, Missouri with a population of 77,037. There are 28,557 households in the city with an average household size of 2.56 persons. 40.17% of households in Saint Joseph are renters.

Income and Rent Overburden in Saint Joseph

The median gross income for households in Saint Joseph is $43,298 a year, or $3,608 a month. The median rent for the city is $707 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Saint Joseph, a household making less than $2,357 a month would be considered overburdened when renting an apartment at or above the median rent. 47.05% of households who rent are overburdened in Saint Joseph.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 3.8 percentage points.

Area Median Income In Saint Joseph

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Saint Joseph, the AMI is calculated from all households within Buchanan County.

In Saint Joseph, HUD calculates the Area Median Income for a family of four as $64,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Saint Joseph

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Saint Joseph HUD Rental Assistance in Saint Joseph

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,550 $16,460 $20,780 $25,100 $29,420 $33,740 $38,060 $42,380
50% of Median $22,550 $25,750 $28,950 $32,150 $34,750 $37,300 $39,900 $42,450
80% of Median $36,050 $41,200 $46,350 $51,450 $55,600 $59,700 $63,800 $67,950

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in Saint Joseph

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2012, 28 low income apartment communities containing 901 rental apartments have been constructed and made affordable to low income persons in Saint Joseph by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Saint Joseph by looking for the tag in the apartment list above. View Apartments.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Saint Joseph

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,550 $25,750 $28,950 $32,150 $34,750 $37,300 $39,900 $42,450
HERA 50% $23,450 $26,800 $30,150 $33,500 $36,200 $38,900 $41,550 $44,250
60% of Median $27,060 $30,900 $34,740 $38,580 $41,700 $44,760 $47,880 $50,940
HERA 60% $28,140 $32,160 $36,180 $40,200 $43,440 $46,680 $49,860 $53,100

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Saint Joseph is $34,740 a year, or $2,895 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,895 by 30% to get a maximum rent of $869 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $564 $604 $724 $836 $933 $1,029
60% $677 $725 $869 $1,004 $1,119 $1,235
Fair Market Rents in Saint Joseph

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2018 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$519 $576 $739 $953 $1,105