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

Discover affordable housing in New Lexington where there are 8+ 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.

Alexander Yard Apartments

625 Center St, New Lexington, Ohio 43764

Valerie Apartments

520 Fowlers Ln, New Lexington, Ohio 43764

Shawnee Square

6890 Lincoln Park Dr, New Lexington, Ohio 43764

Reading Commons

210 Reading St, New Lexington, Ohio 43764

New Lexington Village

400 Lincoln Park Dr, New Lexington, Ohio 43764

Arethusa Springs Apartments

530 1st St, New Lexington, Ohio 43764

Windsor Heights

210 N Jackson St, New Lexington, Ohio 43764

Windsor Heights

210 N Jackson St, New Lexington, Ohio 43764

Open Until Further Notice

Reported On February 23rd, 2024 by Colleen Carter

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In New Lexington, Ohio
$16.44/hour
$9.44 (+135%) more than Ohio minimum wage and $9.19 (+127%) more than the Federal minimum wage.
Learn More About New Lexington, Ohio Affordable Housing ↓

What HUD offices serve New Lexington, Ohio?

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), Public Housing programs for New Lexington, Ohio.

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

How many renters live in New Lexington, Ohio?

The City of New Lexington has 4,368 people living in 1,741 households.

There are 2,141 renters living in 890 renter households in this City. Renters make up 49.02 percent of the population living in New Lexington.

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

There are an estimated 1,802 housing units in the New Lexington area. Of these, 890 units are rental homes, making up 49 percent of the housing market. For every renter household in New Lexington, Ohio, there are 1 rental units.

What is the vacancy rate for rentals in New Lexington?

The rental vacancy rate in New Lexington 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 Lexington for each bedroom size?

Occupied Rental Units by Size in New Lexington
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 165 425 193 107
Occupied Rental Units by Size in New Lexington

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

Among renter households in this market, 39 percent have housing cost burden. Further, 27 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 Lexington

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $648 to $1,156. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $648
One BR $661
Two BR $868
Three BR $1,068
Four BR $1,156
2024 Fair Market Rents in New Lexington, Ohio

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

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
One BR 160 97 percent
Two BR 323 76 percent
Rental Units Below FMR in New Lexington, Ohio

How many affordable rental units are in New Lexington?

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

Federal Program Unit Count
Low Income Housing Tax Credit 141
Section 8 Project-Based Rental Assistance 123
USDA Section 515 Rural Rental Housing 108
Tracked Units by Federal Program in New Lexington, Ohio

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

Income Based Apartments in New Lexington, Ohio

New Lexington features 258 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 Lexington, Ohio

There are 26 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Lexington.

Housing Choice Vouchers in New Lexington, Ohio

On average, Section 8 Housing Choice vouchers pay New Lexington landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in New Lexington.

The maximum amount a voucher would pay on behalf of a low-income tenant in New Lexington, Ohio for a two-bedroom apartment is between $781 and $955.

Sourced from federal housing data and AffordableHousingOnline.com research.