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

Discover affordable housing in Painesville where there are 9+ 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.

Seneca Grove

707 Argonne Dr , Painesville, Ohio 44077

Wesley Village II

180 Wood St, Painesville, Ohio 44077

Mcnaughton Apartments Aka Extended Housing

608 Liberty St, Painesville, Ohio 44077

Jackson Towers

200 W Jackson St, Painesville, Ohio 44077

Brentwood Apartments

1000 Brentwood Dr, Painesville, Ohio 44077

Northeast Ohio Housing Advoc - N - B - 97 - 819 - 2

120 W 6th St, Painesville, Ohio 44077

Lake Cnty - B - B - 94 - 250 - 1

191 W High St, Painesville, Ohio 44077

Brentwood Apartments - Phase II

249 Brentwood Dr, Painesville, Ohio 44077

Brentwood Phase Apartments II

1100 Brentwood Dr, Painesville, Ohio 44077

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Painesville, Ohio
$20.98/hour
$13.98 (+200%) more than Ohio minimum wage and $13.73 (+189%) more than the Federal minimum wage.
Learn More About Painesville, Ohio Affordable Housing ↓

What HUD offices serve Painesville, 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 Painesville, Ohio.

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

How many renters live in Painesville, Ohio?

The City of Painesville has 20,387 people living in 7,787 households.

There are 10,072 renters living in 4,032 renter households in this City. Renters make up 49.4 percent of the population living in Painesville.

What is the rental market like in Painesville, Ohio?

There are an estimated 8,324 housing units in the Painesville area. Of these, 4,160 units are rental homes, making up 50 percent of the housing market. For every renter household in Painesville, Ohio, there are 1 rental units.

What is the vacancy rate for rentals in Painesville?

The rental vacancy rate in Painesville is 1 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 Painesville for each bedroom size?

Occupied Rental Units by Size in Painesville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
215 549 1,890 1,152 159
Occupied Rental Units by Size in Painesville

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

Among renter households in this market, 46 percent have housing cost burden. Further, 25 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 Painesville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $811 to $1,527. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $811
One BR $913
Two BR $1,108
Three BR $1,434
Four BR $1,527
2024 Fair Market Rents in Painesville, Ohio

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

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 201 93 percent
One BR 396 72 percent
Two BR 1,444 76 percent
Rental Units Below FMR in Painesville, Ohio

How many affordable rental units are in Painesville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 414
Section 8 Project-Based Rental Assistance 383
Tracked Units by Federal Program in Painesville, Ohio

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

Income Based Apartments in Painesville, Ohio

Painesville features 384 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 Painesville, Ohio

There are 485 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Painesville.

Housing Choice Vouchers in Painesville, Ohio

On average, Section 8 Housing Choice vouchers pay Painesville landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Painesville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Painesville, Ohio for a two-bedroom apartment is between $997 and $1,219.

Sourced from federal housing data and AffordableHousingOnline.com research.