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

Discover affordable housing in Salem where there are 7+ 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.

Salem II Apartments

1806 S Oak St, Salem, Missouri 65560

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Bright Meadows

N Mcgrath Ln, Salem, Missouri 65560

payment Subsidized

Salem l Apartments

1808 S Oak Street, Salem, Missouri 65560

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Southwind Apartments

1601 Odom Dr, Salem, Missouri 65560

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

Salem Villa

200 S Warfel St, Salem, Missouri 65560

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

Salem

1 Vandivort Ave, Salem, Missouri 65560

payment Subsidized

Missouri

Doss Rd and Odom St, Salem, Missouri 99999

How To Identify Affordable Housing in Salem, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Salem, 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 Salem, Missouri Affordable Housing ↓

What HUD offices serve Salem, 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 Public Housing programs for Salem, Missouri.

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

How many renters live in Salem, Missouri?

The City of Salem has people living in households.

There are renters living in renter households in this City. Renters make up 44.19 percent of the population living in Salem.

What is the rental market like in Salem, Missouri?

There are an estimated housing units in the Salem area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Salem, Missouri, there are 1.05 rental units.

What is the vacancy rate for rentals in Salem?

The rental vacancy rate in Salem is 5 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 Salem for each bedroom size?

Occupied Rental Units by Size in Salem
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
58 352 361 223 39
Occupied Rental Units by Size in Salem

A large number of apartments in Salem 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 Salem

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,145. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $601
One BR $607
Two BR $797
Three BR $1,008
Four BR $1,145
2024 Fair Market Rents in Salem, Missouri

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

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 58 100 percent
One BR 284 81 percent
Two BR 182 50 percent
Rental Units Below FMR in Salem, Missouri

How many affordable rental units are in Salem?

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

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

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

Income Based Apartments in Salem, Missouri

Salem features 196 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 Salem, Missouri

There are 96 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Salem.

Housing Choice Vouchers in Salem, Missouri

On average, Section 8 Housing Choice vouchers pay Salem landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Salem.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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