Low Income Apartments and Affordable Housing For Rent in New Carlisle, OH

Discover affordable housing in New Carlisle where there are 3+ 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.

Brubaker Square Apartments

200 Brubaker Dr, New Carlisle, Ohio 45344

Lake Avenue Retirement Village

1218 W Lake Ave, New Carlisle, Ohio 45344

New Carlisle Village

199 Sunrise Terrace, New Carlisle, Ohio 45344

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In New Carlisle, Ohio
$17.95/hour
$10.95 (+156%) more than Ohio minimum wage and $10.70 (+148%) more than the Federal minimum wage.
Learn More About New Carlisle, Ohio Affordable Housing ↓

How many renters live in New Carlisle, Ohio?

The City of New Carlisle has 5,579 people living in 2,213 households.

There are 1,774 renters living in 834 renter households in this City. Renters make up 31.8 percent of the population living in New Carlisle.

What is the rental market like in New Carlisle, Ohio?

There are an estimated 2,293 housing units in the New Carlisle area. Of these, 834 units are rental homes, making up 36 percent of the housing market. For every renter household in New Carlisle, Ohio, there are 1 rental units.

What is the vacancy rate for rentals in New Carlisle?

The rental vacancy rate in New Carlisle is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in New Carlisle for each bedroom size?

Occupied Rental Units by Size in New Carlisle
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
44 271 149 308 62
Occupied Rental Units by Size in New Carlisle

A large number of apartments in New Carlisle 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 New Carlisle are overburdened by housing costs?

Among renter households in this market, 46 percent have housing cost burden. Further, 43 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 New Carlisle

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $650 to $1,268. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $650
One BR $721
Two BR $948
Three BR $1,149
Four BR $1,268
2024 Fair Market Rents in New Carlisle, Ohio

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

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 23 percent
One BR 221 82 percent
Two BR 125 84 percent
Rental Units Below FMR in New Carlisle, Ohio

How many affordable rental units are in New Carlisle?

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

Federal Program Unit Count
Low Income Housing Tax Credit 119
USDA Section 515 Rural Rental Housing 38
Tracked Units by Federal Program in New Carlisle, Ohio

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

Income Based Apartments in New Carlisle, Ohio

New Carlisle features 86 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 New Carlisle, Ohio

There are 33 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Carlisle.

Housing Choice Vouchers in New Carlisle, Ohio

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

The maximum amount a voucher would pay on behalf of a low-income tenant in New Carlisle, Ohio for a two-bedroom apartment is between $853 and $1,043.

Sourced from federal housing data and AffordableHousingOnline.com research.