Arkansas

USDA rental housing in Chicot County, AR

9 properties in Chicot County have USDA Section 515 or 514 financing: 323 apartments across 3 towns. 249 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

9properties
323apartments
249rental assistance units
37vacant units reported

Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.

Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.

Belview Place Apt

201 E Hickory St, Dermott, AR 71638

Family · 24 2BR, 16 3BR

Managed by Sunbelt Development Corp.

Units
40
Rental assistance
40
Vacant
4
Accessible
2
Opened
1994

Dermott Terrace

208 W Ash St, Dermott, AR 71638

Family · 9 1BR, 24 2BR

Managed by Delta Property Management, INC

Units
33
Rental assistance
32
Vacant
4
Accessible
3
Opened
1990

Eudora Manor Apt

2070 S Highway 65, Eudora, AR 71640

Elderly · 20 1BR, 4 2BR

Managed by Delta Property Management, INC

Units
24
Rental assistance
22
Vacant
4
Accessible
2
Opened
1990

Eudora Terrace

234 Lynn St, Eudora, AR 71640

Family · 6 1BR, 23 2BR, 4 3BR

Managed by Delta Property Management, INC

Units
33
Rental assistance
29
Vacant
4
Accessible
2
Opened
1991

Chicot Lake Village Apartments

920 Mulberry St, Lake Village, AR 71653

Elderly · 33 1BR, 11 2BR

Managed by Delta Property Management, INC

Units
44
Rental assistance
43
Vacant
3
Accessible
3
Opened
1986

Country Place Apt

820 Mulberry St, Lake Village, AR 71653

Family · 20 1BR, 20 2BR, 2 3BR

Managed by Sunbelt Development Corp.

Units
42
Rental assistance
29
Vacant
14
Accessible
2
Opened
1983

Lakeside Apt

628 Mulberry St, Lake Village, AR 71653

Elderly · 30 1BR, 3 2BR

Managed by Phillips Dev Corp

Units
33
Rental assistance
31
Vacant
1
Accessible
3
Opened
1995

Mulberry Manor

707 Mulberry St, Lake Village, AR 71653

Elderly · 50 1BR

Managed by Lake Village Housing Authority

Units
50
Rental assistance
0
Vacant
2
Accessible
2
Opened
1980

Old Lakeshore Apts

201 Lakeshore Dr N, Lake Village, AR 71653

Family · 24 1BR

Managed by Delta Property Management, INC

Units
24
Rental assistance
23
Vacant
1
Accessible
2
Opened
1991

Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.

Who can rent here

USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.

For owners and buyers

Ownership: 1 nonprofit, 8 limited-profit. 7 also have housing tax credits. 4 serve elderly tenants. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.

Watch a property for maturity or prepayment

Pick a Chicot County property. We'll email when USDA's monthly file shows its use-restriction date, rental assistance, unit count or ownership type change, or when it drops out of the active portfolio, which is what happens when the loan is prepaid or paid off.

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Every property in one file: 515/514 portfolio download (CSV and JSON).