; Low Income Apartments For Rent in Mansfield, AR

North Hills Apartments

700 Bowman Ave
Mansfield, Arkansas
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA

314 Cole St Unit 314-A COLE STREET DUPLEX

314 Cole St
Mansfield, Arkansas
$700
2 BR
Showing Results 1-15
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There are 0 low-income apartments in Mansfield that offer reduced rents to eligible households.

Rental assistance programs support 16 low-income homes in Mansfield where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $301 towards rent each month.

Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Mansfield, 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
Scott 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 Mansfield.

Mansfield, Arkansas Affordable Housing Data

Income Based Apartments in Mansfield, Arkansas

Mansfield features 16 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 Mansfield, Arkansas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mansfield.

Housing Choice Vouchers in Mansfield, Arkansas

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

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

2024 Mansfield, 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
Mansfield, Arkansas Fair Market Rent $604 $620 $814 $1,043 $1,148
Mansfield, Arkansas Payment Standard Range $544 to $664 $558 to $682 $733 to $895 $939 to $1,147 $1,033 to $1,263

Sourced from federal housing data and AffordableHousingOnline.com research.

Mansfield, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 17
Total Housing Units with Rental Assistance 16
Percentage of Housing Units Occupied By Renters 35.6%
Average Renter Household Size 2.55
Average Household Size 2.80
Median Household Income $40,947 ±$7,439
Median Rent $630 ±$120
Percentage Of Renters Overburdened 42.68% ± 22.22pp
Total Population 1,235

Population and Household Demographics

Mansfield is a city in Scott County, Arkansas with a population of 1,235. There are 441 households in the city with an average household size of 2.80 persons. 35.6% of households in Mansfield are renters.

Income and Rent Overburden in Mansfield

The median gross income for households in Mansfield is $40,947 a year, or $3,412 a month. The median rent for the city is $630 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mansfield, a household making less than $2,100 a month would be considered overburdened when renting an apartment at or above the median rent. 42.68% of households who rent are overburdened in Mansfield.

Area Median Income In Mansfield

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 Mansfield, the AMI is calculated from all households within Scott County.

In Mansfield, HUD calculates the Area Median Income for a family of four as $63,100

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 Mansfield

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 Mansfield

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30% AMI Income Limits
Renters earning up to 30% of the Mansfield 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 Mansfield 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 Mansfield 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