Low Income Apartments and Affordable Housing For Rent in Russellville, AR

Discover affordable housing in Russellville where there are 19+ 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.

Inglewood Manor Apartments

3112 W 2nd Ct, Russellville, Arkansas 72801

Russellville Heritage Apartments

1010 E M St, Russellville, Arkansas 72801

Jackson Burris Senior Apartments

1026 N Rochester Ave, Russellville, Arkansas 72802

Whitley Place

950 University Dr, Russellville, Arkansas 72801

Valley Housing

1133 S Independence Ave, Russellville, Arkansas 72801

Southlawn Apartments

1701 S Detroit Ave, Russellville, Arkansas 72801

Heritage Homes

1125 S Independence Ave, Russellville, Arkansas 72801

John L. Rankin Senior Housing

214 S Erie Ave, Russellville, Arkansas 72801

Riverwood Village Apartments

1500 E 16th St, Russellville, Arkansas 72802

West End Village

206 N Ukiah, Russellville, Arkansas 72801

Russellville

318 S Glenwood Ave, Russellville, Arkansas 72801

Woodbrook Apartments II

1616 E 16th St, Russellville, Arkansas 72802

Shadow Lake Apartments

2601 W 12th St, Russellville, Arkansas 72801

Housing Services

715A E G St, Russellville, Arkansas 72801

Archway Apartments

1015 N Nashville Ave, Russellville, Arkansas 72802

Brentwood Village

401 N Waco Ave, Russellville, Arkansas

Millwood Place Apts

1300 Russell Rd, Russellville, Arkansas

Oakland Manor Thomas B Hargis

1400 S Ithaca Ave, Russellville, Arkansas

Woodbrook II Apartments

1525 E 16th St, Russellville, Arkansas 72802

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Russellville, Arkansas
$16.23/hour
$5.23 (+48%) more than Arkansas minimum wage and $8.98 (+124%) more than the Federal minimum wage.
Learn More About Russellville, Arkansas Affordable Housing ↓

What HUD offices serve Russellville, Arkansas?

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 Russellville, Arkansas.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Russellville, Arkansas.

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

How many renters live in Russellville, Arkansas?

The City of Russellville has 28,946 people living in 10,424 households.

There are 9,904 renters living in 4,292 renter households in this City. Renters make up 34.22 percent of the population living in Russellville.

What is the rental market like in Russellville, Arkansas?

There are an estimated 11,884 housing units in the Russellville area. Of these, 4,805 units are rental homes, making up 40 percent of the housing market. For every renter household in Russellville, Arkansas, there are 1 rental units.

What is the vacancy rate for rentals in Russellville?

The rental vacancy rate in Russellville is 10 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 Russellville for each bedroom size?

Occupied Rental Units by Size in Russellville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
103 653 2,147 1,134 252
Occupied Rental Units by Size in Russellville

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

Among renter households in this market, 48 percent have housing cost burden. Further, 23 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 Russellville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $581 to $1,225. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $581
One BR $663
Two BR $857
Three BR $1,208
Four BR $1,225
2024 Fair Market Rents in Russellville, Arkansas

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

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 87 84 percent
One BR 481 74 percent
Two BR 1,424 66 percent
Rental Units Below FMR in Russellville, Arkansas

How many affordable rental units are in Russellville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 345
Public Housing 182
Section 8 Project-Based Rental Assistance 186
Section 202 Supportive Housing for the Elderly 36
Section 811 Supportive Housing for Persons with Disabilities 28
USDA Section 515 Rural Rental Housing 200
Tracked Units by Federal Program in Russellville, Arkansas

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

Income Based Apartments in Russellville, Arkansas

Russellville features 732 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 Russellville, Arkansas

There are 174 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Russellville.

Housing Choice Vouchers in Russellville, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Russellville, Arkansas for a two-bedroom apartment is between $771 and $943.

Sourced from federal housing data and AffordableHousingOnline.com research.