Low Income Apartments and Affordable Housing For Rent in Ardmore, OK

Discover affordable housing in Ardmore where there are 11+ 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.

The Keys

106 3rd St., Ardmore, Oklahoma 73401

Pecan Creek Rolling Meadows of Ardmore

2800 12th St NW, Ardmore, Oklahoma 73401

Dunbar Heritage Apartments

27 G St SE, Ardmore, Oklahoma 73401

Ardmore Village

1550 Knox Rd, Ardmore, Oklahoma 73401

Ardmore Village Phase III

1550 Knox Rd, Ardmore, Oklahoma 73401

Lakeview Apartments At Ardmore

1902 Knox Rd, Ardmore, Oklahoma 73401

Columbia Crossing

1405 4th Avenue Northwest, Ardmore, Oklahoma 73401

Shady Acres

115 Monroe Avenue Northeast, Ardmore, Oklahoma 73401

Big 5

1212 6th Ave NE, Ardmore, Oklahoma 73401

Huntington Falls

1201 L St NE, Ardmore, Oklahoma 73401

Willow Brook Apartments Inc

115 Monroe St NE, Ardmore, Oklahoma 73401

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ardmore, Oklahoma
$18.62/hour
$11.37 (+157%) more than Oklahoma minimum wage and $11.37 (+157%) more than the Federal minimum wage.
Learn More About Ardmore, Oklahoma Affordable Housing ↓

What HUD offices serve Ardmore, Oklahoma?

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) programs for Ardmore, Oklahoma.

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

How many renters live in Ardmore, Oklahoma?

The City of Ardmore has 24,784 people living in 9,722 households.

There are 10,191 renters living in 4,261 renter households in this City. Renters make up 41.12 percent of the population living in Ardmore.

What is the rental market like in Ardmore, Oklahoma?

There are an estimated 11,306 housing units in the Ardmore area. Of these, 4,547 units are rental homes, making up 40 percent of the housing market. For every renter household in Ardmore, Oklahoma, there are 1 rental units.

What is the vacancy rate for rentals in Ardmore?

The rental vacancy rate in Ardmore is 5 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 Ardmore for each bedroom size?

Occupied Rental Units by Size in Ardmore
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
161 679 1,897 1,370 148
Occupied Rental Units by Size in Ardmore

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

Among renter households in this market, 39 percent have housing cost burden. Further, 19 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 Ardmore

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $743 to $1,474. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $743
One BR $748
Two BR $983
Three BR $1,232
Four BR $1,474
2024 Fair Market Rents in Ardmore, Oklahoma

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

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 101 63 percent
One BR 452 67 percent
Two BR 1,151 61 percent
Rental Units Below FMR in Ardmore, Oklahoma

How many affordable rental units are in Ardmore?

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

Federal Program Unit Count
Low Income Housing Tax Credit 443
Section 8 Project-Based Rental Assistance 323
Section 202 Supportive Housing for the Elderly 14
Section 811 Supportive Housing for Persons with Disabilities 2
Tracked Units by Federal Program in Ardmore, Oklahoma

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

Income Based Apartments in Ardmore, Oklahoma

Ardmore features 319 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 Ardmore, Oklahoma

There are 299 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ardmore.

Housing Choice Vouchers in Ardmore, Oklahoma

On average, Section 8 Housing Choice vouchers pay Ardmore landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Ardmore.

The maximum amount a voucher would pay on behalf of a low-income tenant in Ardmore, Oklahoma for a two-bedroom apartment is between $885 and $1,081.

Sourced from federal housing data and AffordableHousingOnline.com research.