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

Discover affordable housing in Oregon 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.

Thayer Apartments

941 Pine St, Thayer, Missouri 65791

East Meadow Apartments

RR 1, Box 1313, Thayer, Missouri 65791

Arden Groves

101 Arden Ln, Thayer, Missouri 65791

Missouri

Arden St, Thayer, Missouri 65791

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

How many renters live in Oregon County, Missouri?

The County of Oregon County has 8,783 people living in 3,383 households.

There are 2,693 renters living in 984 renter households in this County. Renters make up 30.66 percent of the population living in Oregon County.

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

There are an estimated 4,380 housing units in the Oregon County area. Of these, 1,039 units are rental homes, making up 24 percent of the housing market. For every renter household in Oregon County, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Oregon County?

The rental vacancy rate in Oregon County 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 Oregon County for each bedroom size?

Occupied Rental Units by Size in Oregon County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 63 470 313 132
Occupied Rental Units by Size in Oregon County

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

Among renter households in this market, 43 percent have housing cost burden. Further, 21 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 Oregon County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,226. 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 $1,123
Four BR $1,226
2024 Fair Market Rents in Oregon County, Missouri

How many units are rented at Fair Market Rent (FMR) in Oregon 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 0 100 percent
One BR 63 100 percent
Two BR 216 46 percent
Rental Units Below FMR in Oregon County, Missouri

How many affordable rental units are in Oregon County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 48
Public Housing 60
Section 8 Project-Based Rental Assistance 24
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Oregon County, Missouri

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

Income Based Apartments in Oregon County, Missouri

Oregon County features 48 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 Oregon County, Missouri

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oregon County.

Housing Choice Vouchers in Oregon County, Missouri

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.