Old Oak Estates
Mike III Apartments
Pine Hollow Apartments
There are 424 low-income apartments in West Monroe that offer reduced rents to eligible households.
Rental assistance programs support 96 low-income homes in West Monroe where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $277 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 West Monroe, Louisiana
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 |
|---|---|
| Ouachita Parish Police Jury | Section 8 Housing Choice Voucher (HCV) |
| West Monroe Housing Authority | Section 8 Housing Choice Voucher (HCV) |
West Monroe, Louisiana Affordable Housing Data
Income Based Apartments in West Monroe, Louisiana
West Monroe features 96 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 West Monroe, Louisiana
There are 424 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in West Monroe.
Housing Choice Vouchers in West Monroe, Louisiana
On average, Section 8 Housing Choice vouchers pay West Monroe landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in West Monroe.
The maximum amount a voucher would pay on behalf of a low-income tenant in West Monroe, Louisiana for a two-bedroom apartment is between $896 and $1,095.
2024 West Monroe, Louisiana 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 | |
|---|---|---|---|---|---|
| West Monroe, Louisiana Fair Market Rent | $753 | $757 | $995 | $1,245 | $1,325 |
| West Monroe, Louisiana Payment Standard Range | $678 to $828 | $681 to $833 | $896 to $1,095 | $1,121 to $1,370 | $1,193 to $1,458 |
Sourced from federal housing data and AffordableHousingOnline.com research.
West Monroe, LA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 36 |
|---|---|
| Total Low Income Apartments | 545 |
| Total Housing Units with Rental Assistance | 96 |
| Percentage of Housing Units Occupied By Renters | 56.84% |
| Average Renter Household Size | 2.31 |
| Average Household Size | 2.31 |
| Median Household Income | $31,975 ±$2,443 |
| Median Rent | $720 ±$34 |
| Percentage Of Renters Overburdened | 52.98% ± 8.06pp |
| Total Population | 13,032 |
Population and Household Demographics
West Monroe is a city in Ouachita Parish, Louisiana with a population of 13,032. There are 5,489 households in the city with an average household size of 2.31 persons. 56.84% of households in West Monroe are renters.
Income and Rent Overburden in West Monroe
The median gross income for households in West Monroe is $31,975 a year, or $2,665 a month. The median rent for the city is $720 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In West Monroe, a household making less than $2,400 a month would be considered overburdened when renting an apartment at or above the median rent. 52.98% of households who rent are overburdened in West Monroe.
Area Median Income In West Monroe
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 West Monroe, the AMI is calculated from all households within Ouachita Parish.
In West Monroe, HUD calculates the Area Median Income for a family of four as $63,600
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 West Monroe
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 West Monroe
| 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 West Monroe AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$14,580 | $19,720 | $24,860 | $30,000 | $33,450 | $35,950 | $38,400 | $40,900 |
| 50% AMI Income Limits Renters earning up to 50% of the West Monroe AMI may qualify for rental assistance programs that target Very Low Income households. |
$21,700 | $24,800 | $27,900 | $30,950 | $33,450 | $35,950 | $38,400 | $40,900 |
| 80% AMI Income Limits Renters earning up to 80% of the West Monroe AMI may qualify for rental assistance programs that target Low Income households. |
$34,650 | $39,600 | $44,550 | $49,500 | $53,500 | $57,450 | $61,400 | $65,350 |
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