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

Discover affordable housing in Cache where there are 2+ 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.

Wichita Valley Apartments

103 E B Ave, Cache, Oklahoma 73527

706 W A Ave

706 W A Ave, Cache, Oklahoma 73527

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cache, Oklahoma
$17.42/hour
$10.17 (+140%) more than Oklahoma minimum wage and $10.17 (+140%) more than the Federal minimum wage.
Learn More About Cache, Oklahoma Affordable Housing ↓

What HUD offices serve Cache, 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 Public Housing programs for Cache, Oklahoma.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Cache, Oklahoma.

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

How many renters live in Cache, Oklahoma?

The City of Cache has 2,974 people living in 1,141 households.

There are 836 renters living in 318 renter households in this City. Renters make up 28.11 percent of the population living in Cache.

What is the rental market like in Cache, Oklahoma?

There are an estimated 1,293 housing units in the Cache area. Of these, 346 units are rental homes, making up 27 percent of the housing market. For every renter household in Cache, Oklahoma, there are 1 rental units.

What is the vacancy rate for rentals in Cache?

The rental vacancy rate in Cache is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Cache for each bedroom size?

Occupied Rental Units by Size in Cache
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
7 40 113 143 15
Occupied Rental Units by Size in Cache

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

Among renter households in this market, 20 percent have housing cost burden. Further, 9 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 Cache

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $712 to $1,561. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $712
One BR $717
Two BR $920
Three BR $1,296
Four BR $1,561
2024 Fair Market Rents in Cache, Oklahoma

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

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 6 86 percent
One BR 39 98 percent
Two BR 78 69 percent
Rental Units Below FMR in Cache, Oklahoma

How many affordable rental units are in Cache?

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

Federal Program Unit Count
Low Income Housing Tax Credit 16
Public Housing 36
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Cache, Oklahoma

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

Income Based Apartments in Cache, Oklahoma

Cache features 52 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 Cache, Oklahoma

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

Housing Choice Vouchers in Cache, Oklahoma

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cache, Oklahoma for a two-bedroom apartment is between $828 and $1,012.

Sourced from federal housing data and AffordableHousingOnline.com research.