Mississippi

USDA rental housing in Grenada County, MS

5 properties in Grenada County have USDA Section 515 or 514 financing: 223 apartments across 2 towns. 197 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

5properties
223apartments
197rental assistance units
13vacant 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 Listings come from USDA's public data and may be out of date.

Farmington Place

276 Farmington Dr, Duck Hill, MS 38925

Family · 4 1BR, 28 2BR, 4 3BR

Managed by Carpenter Mgmt Co

Units
36
Rental assistance
35
Vacant
6
Accessible
0
Opened
1988

Mcmath Estates LP

850 Washington St, Grenada, MS 38901

Family and elderly · 16 1BR, 27 2BR

Managed by Cms Management LLC

Units
43
Rental assistance
42
Vacant
1
Accessible
0
Opened
1991

Peppertree Apt C/o Intervest Corp

876 West Govan St, Grenada, MS 38901

Family · 48 2BR

Managed by Intervest Corp

Units
48
Rental assistance
43
Vacant
0
Accessible
0
Opened
1976

Pine Hill Apt

700 Washington St, Grenada, MS 38901

Family · 8 1BR, 20 2BR, 20 3BR

Managed by Carpenter Mgmt Co

Units
48
Rental assistance
44
Vacant
5
Accessible
0
Opened
1999

Sunset Townhouses

920 Chickasaw Dr, Grenada, MS 38901

Family · 18 1BR, 30 2BR

Units
48
Rental assistance
33
Vacant
1
Accessible
0
Opened
1988

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

All 5 are limited-profit. All 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 Grenada 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).