Low Income Apartments and Affordable Housing For Rent in Owensville, OH

Discover affordable housing in Owensville where there are 5+ 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.

Clermont Villa

371 W Main St, Owensville, Ohio 45160

Owensville Manor

419 Evans ct, Owensville, Ohio 45160

Owensville Commons Apartments

263 W Main Street, Owensville, Ohio 45160

Owensville Apartments

129 E Main, Owensville, Ohio 45160

Zebulon Park

2521 Us Route 50, Owensville, Ohio 45160

calendar_today Opened: Mar 13
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Owensville, Ohio
$22.63/hour
$15.63 (+223%) more than Ohio minimum wage and $15.38 (+212%) more than the Federal minimum wage.
Learn More About Owensville, Ohio Affordable Housing ↓

What HUD offices serve Owensville, 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 Owensville, Ohio.

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

How many renters live in Owensville, Ohio?

The City of Owensville has 788 people living in 380 households.

There are 402 renters living in 234 renter households in this City. Renters make up 51.02 percent of the population living in Owensville.

What is the rental market like in Owensville, Ohio?

There are an estimated 425 housing units in the Owensville area. Of these, 250 units are rental homes, making up 59 percent of the housing market. For every renter household in Owensville, Ohio, there are 1 rental units.

What is the vacancy rate for rentals in Owensville?

The rental vacancy rate in Owensville is 3 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 Owensville for each bedroom size?

Occupied Rental Units by Size in Owensville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 71 63 98 0
Occupied Rental Units by Size in Owensville

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

Among renter households in this market, 24 percent have housing cost burden. Further, 15 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 Owensville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $810 to $1,766. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $810
One BR $919
Two BR $1,195
Three BR $1,588
Four BR $1,766
2024 Fair Market Rents in Owensville, Ohio

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

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 63 89 percent
Two BR 58 92 percent
Rental Units Below FMR in Owensville, Ohio

How many affordable rental units are in Owensville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 45
Section 8 Project-Based Rental Assistance 121
USDA Section 515 Rural Rental Housing 94
Tracked Units by Federal Program in Owensville, Ohio

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

Income Based Apartments in Owensville, Ohio

Owensville features 178 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 Owensville, Ohio

There are 68 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Owensville.

Housing Choice Vouchers in Owensville, Ohio

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Owensville, Ohio for a two-bedroom apartment is between $1,076 and $1,315.

Sourced from federal housing data and AffordableHousingOnline.com research.