Low Income Apartments For Rent in Helena, AR

Rental assistance programs support 313 low-income homes in Helena where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $264 towards rent each month.

Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Helena, 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.

Housing Authority	Programs
Helena Housing Authority	Public Housing
Phillips County Public Housing Agency	Section 8 Housing Choice Voucher (HCV)

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

Helena, Arkansas Affordable Housing Data

Income Based Apartments in Helena, Arkansas

Helena features 313 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 Helena, Arkansas

There are 108 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Helena.

Housing Choice Vouchers in Helena, Arkansas

On average, Section 8 Housing Choice vouchers pay Helena landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Helena.

The maximum amount a voucher would pay on behalf of a low-income tenant in Helena, Arkansas for a two-bedroom apartment is between $733 and $895.

2024 Helena, Arkansas Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

	Studio	One BR	Two BR	Three BR	Four BR
Helena, Arkansas Fair Market Rent	$604	$622	$814	$1,147	$1,381
Helena, Arkansas Payment Standard Range	$544 to $664	$560 to $684	$733 to $895	$1,032 to $1,262	$1,243 to $1,519

Sourced from federal housing data and AffordableHousingOnline.com research.

Helena, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 8

Total Low Income Apartments 422

Total Housing Units with Rental Assistance 313

Percentage of Housing Units Occupied By Renters 58.8%

Average Renter Household Size 2.72

Average Household Size 2.56

Median Household Income $22,055 ±$2,545

Median Rent $612 ±$45

Percentage Of Renters Overburdened 57.23% ± 8.35pp

Total Population 11,546

Total Affordable Apartment Properties	8
Total Low Income Apartments	422
Total Housing Units with Rental Assistance	313
Percentage of Housing Units Occupied By Renters	58.8%
Average Renter Household Size	2.72
Average Household Size	2.56
Median Household Income	$22,055 ±$2,545
Median Rent	$612 ±$45
Percentage Of Renters Overburdened	57.23% ± 8.35pp
Total Population	11,546

Population and Household Demographics

Helena is a city in Phillips County, Arkansas with a population of 11,546. There are 4,434 households in the city with an average household size of 2.56 persons. 58.8% of households in Helena are renters.

Income and Rent Overburden in Helena

The median gross income for households in Helena is $22,055 a year, or $1,838 a month. The median rent for the city is $612 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Helena, a household making less than $2,040 a month would be considered overburdened when renting an apartment at or above the median rent. 57.23% of households who rent are overburdened in Helena.

Area Median Income In Helena

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 Helena, the AMI is calculated from all households within Phillips County.

In Helena, HUD calculates the Area Median Income for a family of four as $52,600

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 Helena

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 HUD Rental Assistance in Helena

	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning up to 30% of the Helena AMI may qualify for rental assistance programs that target Extremely Low Income households.	$14,580	$19,720	$24,860	$30,000	$34,250	$36,800	$39,350	$41,850
50% AMI Income Limits Renters earning up to 50% of the Helena AMI may qualify for rental assistance programs that target Very Low Income households.	$22,200	$25,400	$28,550	$31,700	$34,250	$36,800	$39,350	$41,850
80% AMI Income Limits Renters earning up to 80% of the Helena AMI may qualify for rental assistance programs that target Low Income households.	$35,500	$40,600	$45,650	$50,700	$54,800	$58,850	$62,900	$66,950