Low Income Apartments For Rent in Slater, MO

Rental assistance programs support 84 low-income homes in Slater where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 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 Slater, 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
Slater Housing Authority	Public Housing
Lafayette County Housing Authority	Section 8 Housing Choice Voucher (HCV)

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

Slater, Missouri Affordable Housing Data

Income Based Apartments in Slater, Missouri

Slater features 84 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 Slater, Missouri

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

Housing Choice Vouchers in Slater, Missouri

On average, Section 8 Housing Choice vouchers pay Slater landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Slater.

The maximum amount a voucher would pay on behalf of a low-income tenant in Slater, Missouri for a two-bedroom apartment is between $732 and $894.

2024 Slater, 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
Slater, Missouri Fair Market Rent	$613	$619	$813	$1,126	$1,241
Slater, Missouri Payment Standard Range	$552 to $674	$557 to $681	$732 to $894	$1,013 to $1,239	$1,117 to $1,365

Sourced from federal housing data and AffordableHousingOnline.com research.

Slater, MO Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 84

Total Housing Units with Rental Assistance 84

Percentage of Housing Units Occupied By Renters 29.4%

Average Renter Household Size 2.22

Average Household Size 2.50

Median Household Income $37,500 ±$3,797

Median Rent $515 ±$43

Percentage Of Renters Overburdened 40.08% ± 17.68pp

Total Population 2,065

Total Affordable Apartment Properties	2
Total Low Income Apartments	84
Total Housing Units with Rental Assistance	84
Percentage of Housing Units Occupied By Renters	29.4%
Average Renter Household Size	2.22
Average Household Size	2.50
Median Household Income	$37,500 ±$3,797
Median Rent	$515 ±$43
Percentage Of Renters Overburdened	40.08% ± 17.68pp
Total Population	2,065

Population and Household Demographics

Slater is a city in Saline County, Missouri with a population of 2,065. There are 806 households in the city with an average household size of 2.50 persons. 29.4% of households in Slater are renters.

Income and Rent Overburden in Slater

The median gross income for households in Slater is $37,500 a year, or $3,125 a month. The median rent for the city is $515 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Slater, a household making less than $1,717 a month would be considered overburdened when renting an apartment at or above the median rent. 40.08% of households who rent are overburdened in Slater.

Area Median Income In Slater

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 Slater, the AMI is calculated from all households within Saline County.

In Slater, HUD calculates the Area Median Income for a family of four as $73,000

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 Slater

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 Slater

	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 Slater AMI may qualify for rental assistance programs that target Extremely Low Income households.	$14,580	$19,720	$24,860	$30,000	$35,140	$39,100	$41,800	$44,500
50% AMI Income Limits Renters earning up to 50% of the Slater AMI may qualify for rental assistance programs that target Very Low Income households.	$23,600	$27,000	$30,350	$33,700	$36,400	$39,100	$41,800	$44,500
80% AMI Income Limits Renters earning up to 80% of the Slater AMI may qualify for rental assistance programs that target Low Income households.	$37,750	$43,150	$48,550	$53,900	$58,250	$62,550	$66,850	$71,150