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

Discover affordable housing in Racine 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.

Waters Edge Of Syracuse

2070 State Route 124, Racine, Ohio 45771

Elmwood Terrace

613 Elm St, Racine, Ohio 45771

River Heights

47466 Township Road 100, Racine, Ohio 45771

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Racine, Ohio
$16.29/hour
$9.29 (+133%) more than Ohio minimum wage and $9.04 (+125%) more than the Federal minimum wage.
Learn More About Racine, Ohio Affordable Housing ↓

What HUD offices serve Racine, 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), Family Self-Sufficiency, Homeownership programs for Racine, Ohio.

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

How many renters live in Racine, Ohio?

The City of Racine has 1,061 people living in 433 households.

There are 445 renters living in 185 renter households in this City. Renters make up 41.94 percent of the population living in Racine.

What is the rental market like in Racine, Ohio?

There are an estimated 473 housing units in the Racine area. Of these, 185 units are rental homes, making up 39 percent of the housing market. For every renter household in Racine, Ohio, there are 1 rental units.

What is the vacancy rate for rentals in Racine?

The rental vacancy rate in Racine 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 Racine for each bedroom size?

Occupied Rental Units by Size in Racine
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 33 67 78 7
Occupied Rental Units by Size in Racine

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

Among renter households in this market, 43 percent have housing cost burden. Further, 5 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 Racine

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $602 to $1,459. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $602
One BR $707
Two BR $860
Three BR $1,040
Four BR $1,459
2024 Fair Market Rents in Racine, Ohio

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

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 27 82 percent
Two BR 59 88 percent
Rental Units Below FMR in Racine, Ohio

How many affordable rental units are in Racine?

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

Federal Program Unit Count
Low Income Housing Tax Credit 20
Section 8 Project-Based Rental Assistance 6
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Racine, Ohio

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

Income Based Apartments in Racine, Ohio

Racine features 49 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 Racine, Ohio

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

Housing Choice Vouchers in Racine, Ohio

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Racine, Ohio for a two-bedroom apartment is between $774 and $946.

Sourced from federal housing data and AffordableHousingOnline.com research.