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

Discover affordable housing in Waynesville 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.

Brookview Apts of Waynesville Ph II

1940 Historic 66 W, Waynesville, Missouri

Brookview Apts of Waynesville

1940 Historic 66 W, Waynesville, Missouri

Skyview Heights Apartments

519 N Fleetwood St, Waynesville, Missouri 0

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Waynesville, Missouri
$18.52/hour
$6.22 (+51%) more than Missouri minimum wage and $11.27 (+155%) more than the Federal minimum wage.
Learn More About Waynesville, Missouri Affordable Housing ↓

What HUD offices serve Waynesville, 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 Waynesville, Missouri.

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

How many renters live in Waynesville, Missouri?

The City of Waynesville has 5,372 people living in 2,359 households.

There are 2,094 renters living in 988 renter households in this City. Renters make up 38.98 percent of the population living in Waynesville.

What is the rental market like in Waynesville, Missouri?

There are an estimated 2,997 housing units in the Waynesville area. Of these, 1,231 units are rental homes, making up 41 percent of the housing market. For every renter household in Waynesville, Missouri, there are 1 rental units.

What is the vacancy rate for rentals in Waynesville?

The rental vacancy rate in Waynesville is 13 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 Waynesville for each bedroom size?

Occupied Rental Units by Size in Waynesville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 164 441 190 193
Occupied Rental Units by Size in Waynesville

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

Among renter households in this market, 39 percent have housing cost burden. Further, 13 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 Waynesville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $739 to $1,660. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $739
One BR $744
Two BR $978
Three BR $1,378
Four BR $1,660
2024 Fair Market Rents in Waynesville, Missouri

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

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
One BR 162 99 percent
Two BR 318 72 percent
Rental Units Below FMR in Waynesville, Missouri

How many affordable rental units are in Waynesville?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 75
Tracked Units by Federal Program in Waynesville, Missouri

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

Income Based Apartments in Waynesville, Missouri

Waynesville 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 Waynesville, Missouri

There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waynesville.

Housing Choice Vouchers in Waynesville, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Waynesville, Missouri for a two-bedroom apartment is between $880 and $1,076.

Sourced from federal housing data and AffordableHousingOnline.com research.