Arkansas

USDA rental housing in Phillips County, AR

7 properties in Phillips County have USDA Section 515 or 514 financing: 150 apartments across 6 towns. 144 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

7properties
150apartments
144rental assistance units
26vacant 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 Listings come from USDA's public data and may be out of date.

Elaine Housing

301 Nelson Ave, Elaine, AR 72333

Family · 4 1BR, 16 2BR, 4 3BR

Managed by J & A Mgmt

Units
24
Rental assistance
22
Vacant
2
Accessible
2
Opened
1989

Elaine Terrace

401 Oak St, Elaine, AR 72333

Family · 3 1BR, 12 2BR

Managed by Delta Property Management, INC

Units
15
Rental assistance
15
Vacant
5
Accessible
2
Opened
1996

Mickey Ag INC.

103 Kristy Ln, Helena, AR 72342

Family · 1 1BR · Section 514 on-farm labor housing

Units
1
Rental assistance
0
Vacant
0
Accessible
0
Opened
2006

Lakeview Estates

107 Lakeview Estates, Lakeview, AR 72342

Family · 4 1BR, 25 2BR, 4 3BR

Managed by United Management & Development

Units
33
Rental assistance
32
Vacant
5
Accessible
2
Opened
1988

Bgacdc Manor

1099 Highway 49, Marvell, AR 72366

Family and elderly · 6 1BR, 21 2BR, 12 3BR

Managed by United Management & Development

Units
39
Rental assistance
38
Vacant
7
Accessible
2
Opened
1992

Poplar Grove Rural Coop Housing

54 Phillips Road 113, Poplar Grove, AR 72374

Family · 5 2BR, 13 3BR

Managed by United Management & Development

Units
18
Rental assistance
18
Vacant
6
Accessible
0
Opened
1968

Southern Place Apts

R1201 Hwy 49, West Helena, AR 72390

Family · 14 2BR, 6 3BR

Managed by Bunn Real Estate & Property Mana

Units
20
Rental assistance
19
Vacant
1
Accessible
2
Opened
2007

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: 2 nonprofit, 4 limited-profit, 1 full-profit. 3 also have housing tax credits. USDA's file shows use restrictions on 1 property here ending by 2031. 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 Phillips 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).