Low Income Apartments For Rent in Osceola, MO

Rental assistance programs support 76 low-income homes in Osceola where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $269 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 Osceola, Missouri

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
Osceola Housing Authority	Public Housing
St. Clair County Housing Authority	Section 8 Housing Choice Voucher (HCV)
Grundy County Public Housing Agency	Section 8 Housing Choice Voucher (HCV)
ABCD Housing Agency	Section 8 Housing Choice Voucher (HCV)

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

Osceola, Missouri Affordable Housing Data

Income Based Apartments in Osceola, Missouri

Osceola features 76 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 Osceola, Missouri

There are 25 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Osceola.

Housing Choice Vouchers in Osceola, Missouri

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Osceola, Missouri for a two-bedroom apartment is between $868 and $1,060.

2024 Osceola, Missouri 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
Osceola, Missouri Fair Market Rent	$653	$734	$964	$1,223	$1,331
Osceola, Missouri Payment Standard Range	$588 to $718	$661 to $807	$868 to $1,060	$1,101 to $1,345	$1,198 to $1,464

Sourced from federal housing data and AffordableHousingOnline.com research.

Osceola, MO Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 101

Total Housing Units with Rental Assistance 76

Percentage of Housing Units Occupied By Renters 45.26%

Average Renter Household Size 1.79

Average Household Size 1.90

Median Household Income $23,207 ±$3,436

Median Rent $417 ±$42

Percentage Of Renters Overburdened 36.02% ± 11.06pp

Total Population 904

Total Affordable Apartment Properties	2
Total Low Income Apartments	101
Total Housing Units with Rental Assistance	76
Percentage of Housing Units Occupied By Renters	45.26%
Average Renter Household Size	1.79
Average Household Size	1.90
Median Household Income	$23,207 ±$3,436
Median Rent	$417 ±$42
Percentage Of Renters Overburdened	36.02% ± 11.06pp
Total Population	904

Population and Household Demographics

Osceola is a city in Andrew County, Missouri with a population of 904. There are 411 households in the city with an average household size of 1.90 persons. 45.26% of households in Osceola are renters.

Income and Rent Overburden in Osceola

The median gross income for households in Osceola is $23,207 a year, or $1,934 a month. The median rent for the city is $417 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Osceola, a household making less than $1,390 a month would be considered overburdened when renting an apartment at or above the median rent. 36.02% of households who rent are overburdened in Osceola.

Area Median Income In Osceola

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 Osceola, the AMI is calculated from all households within Andrew County.

In Osceola, HUD calculates the Area Median Income for a family of four as $81,600

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 Osceola

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 Osceola

	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 Osceola AMI may qualify for rental assistance programs that target Extremely Low Income households.	$16,250	$19,720	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Osceola AMI may qualify for rental assistance programs that target Very Low Income households.	$27,100	$30,950	$34,800	$38,650	$41,750	$44,850	$47,950	$51,050
80% AMI Income Limits Renters earning up to 80% of the Osceola AMI may qualify for rental assistance programs that target Low Income households.	$43,300	$49,500	$55,700	$61,850	$66,800	$71,750	$76,700	$81,650