Low Income Apartments and Affordable Housing For Rent in Lakewood, NY

Discover affordable housing in Lakewood where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Chautauqua Colony

2109 Southwestern Dr, Lakewood, New York 14750

calendar_today Opened: Mar 25
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

calendar_today Opened: Dec 20
calendar_today Closes: Dec 27,

Reported On January 26th, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lakewood, New York
$17.14/hour
$2.14 (+14%) more than New York minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Lakewood, New York Affordable Housing ↓

What HUD offices serve Lakewood, New York?

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.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Lakewood, New York.

Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Lakewood.

How many renters live in Lakewood, New York?

The City of Lakewood has 2,986 people living in 1,289 households.

There are 724 renters living in 442 renter households in this City. Renters make up 24.25 percent of the population living in Lakewood.

What is the rental market like in Lakewood, New York?

There are an estimated 1,605 housing units in the Lakewood area. Of these, 516 units are rental homes, making up 32 percent of the housing market. For every renter household in Lakewood, New York, there are 1 rental units.

What is the vacancy rate for rentals in Lakewood?

The rental vacancy rate in Lakewood is 14 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Lakewood for each bedroom size?

Occupied Rental Units by Size in Lakewood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
20 98 177 101 12
Occupied Rental Units by Size in Lakewood

A large number of apartments in Lakewood have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Lakewood are overburdened by housing costs?

Among renter households in this market, 36 percent have housing cost burden. Further, 21 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Lakewood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $662 to $1,205. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $662
One BR $711
Two BR $905
Three BR $1,168
Four BR $1,205
2024 Fair Market Rents in Lakewood, New York

How many units are rented at Fair Market Rent (FMR) in Lakewood?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 10 50 percent
One BR 29 30 percent
Two BR 115 65 percent
Rental Units Below FMR in Lakewood, New York

How many affordable rental units are in Lakewood?

There are a variety of federal affordable housing programs serving households in Lakewood, New York including the following:

Federal Program Unit Count
Section 202 Supportive Housing for the Elderly 39
Tracked Units by Federal Program in Lakewood, New York

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Lakewood, New York

Lakewood features 40 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 Lakewood, New York

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

Housing Choice Vouchers in Lakewood, New York

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lakewood, New York for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.