Missouri

USDA rental housing in Morgan County, MO

6 properties in Morgan County have USDA Section 515 or 514 financing: 168 apartments across 3 towns. 125 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

6properties
168apartments
125rental assistance units
10vacant 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 Listings come from USDA's public data and may be out of date.

Cochurmin Homes INC

315 Hwy O, Laurie, MO 65037

Elderly · 20 1BR

Managed by Cochurmin Homes INC

Units
20
Rental assistance
12
Vacant
1
Accessible
0
Opened
1978

Laurie Apartments

647 Hwy O, Laurie, MO 65038

Family · 12 1BR, 12 2BR

Managed by Hrm Services, LLC

Units
24
Rental assistance
20
Vacant
4
Accessible
2
Opened
1987

Morgan County Mo Developments LP

600 W 4th St, Stover, MO 65078

Family · 8 1BR, 20 2BR, 8 3BR

Managed by Mc&w Management, LLC

Units
36
Rental assistance
23
Vacant
0
Accessible
1
Opened
1992

Stover Golden Acres

101 E 1st Street, Stover, MO 65078

Elderly · 24 1BR

Managed by Bell Management INC

Units
24
Rental assistance
20
Vacant
0
Accessible
0
Opened
1974

Versailles Apts

700 S 2nd St, Versailles, MO 65084

Family · 20 1BR, 24 2BR

Managed by Hrm Services, LLC

Units
44
Rental assistance
34
Vacant
3
Accessible
3
Opened
1991

Versailles Estates

300 S Burke St, Versailles, MO 65084

Elderly · 20 1BR

Managed by Mc&w Management, LLC

Units
20
Rental assistance
16
Vacant
2
Accessible
0
Opened
1992

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. 4 also have housing tax credits. 3 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 Morgan 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).