Low Income Apartments For Rent in Newark, AR

Rental assistance programs support 46 low-income homes in Newark where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $240 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Newark, 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
Newark Housing Authority	Public Housing
White River Regional Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing

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

Newark, Arkansas Affordable Housing Data

Income Based Apartments in Newark, Arkansas

Newark features 46 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 Newark, Arkansas

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

Housing Choice Vouchers in Newark, Arkansas

On average, Section 8 Housing Choice vouchers pay Newark landlords $300 per month towards rent. The average voucher holder contributes $200 towards rent in Newark.

The maximum amount a voucher would pay on behalf of a low-income tenant in Newark, Arkansas for a two-bedroom apartment is between $736 and $900.

2024 Newark, 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
Newark, Arkansas Fair Market Rent	$618	$623	$818	$1,087	$1,089
Newark, Arkansas Payment Standard Range	$556 to $680	$561 to $685	$736 to $900	$978 to $1,196	$980 to $1,198

Sourced from federal housing data and AffordableHousingOnline.com research.

Newark, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 46

Total Housing Units with Rental Assistance 46

Percentage of Housing Units Occupied By Renters 37.2%

Average Renter Household Size 2.54

Average Household Size 2.54

Median Household Income $34,306 ±$5,860

Median Rent $596 ±$43

Percentage Of Renters Overburdened 41.4% ± 12.74pp

Total Population 1,470

Total Affordable Apartment Properties	2
Total Low Income Apartments	46
Total Housing Units with Rental Assistance	46
Percentage of Housing Units Occupied By Renters	37.2%
Average Renter Household Size	2.54
Average Household Size	2.54
Median Household Income	$34,306 ±$5,860
Median Rent	$596 ±$43
Percentage Of Renters Overburdened	41.4% ± 12.74pp
Total Population	1,470

Population and Household Demographics

Newark is a city in Independence County, Arkansas with a population of 1,470. There are 578 households in the city with an average household size of 2.54 persons. 37.2% of households in Newark are renters.

Income and Rent Overburden in Newark

The median gross income for households in Newark is $34,306 a year, or $2,859 a month. The median rent for the city is $596 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Newark, a household making less than $1,987 a month would be considered overburdened when renting an apartment at or above the median rent. 41.4% of households who rent are overburdened in Newark.

Area Median Income In Newark

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 Newark, the AMI is calculated from all households within Independence County.

In Newark, HUD calculates the Area Median Income for a family of four as $67,300

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 Newark

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 Newark

	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 Newark AMI may qualify for rental assistance programs that target Extremely Low Income households.	$14,580	$19,720	$24,860	$30,000	$34,650	$37,200	$39,750	$42,350
50% AMI Income Limits Renters earning up to 50% of the Newark AMI may qualify for rental assistance programs that target Very Low Income households.	$22,450	$25,650	$28,850	$32,050	$34,650	$37,200	$39,750	$42,350
80% AMI Income Limits Renters earning up to 80% of the Newark AMI may qualify for rental assistance programs that target Low Income households.	$35,950	$41,050	$46,200	$51,300	$55,450	$59,550	$63,650	$67,750