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

Discover affordable housing in Eldorado where there are 1+ 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.

Eldorado Apartments

309 E Main St, Eldorado, Oklahoma 73537

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Eldorado, Oklahoma
$16.88/hour
$9.63 (+133%) more than Oklahoma minimum wage and $9.63 (+133%) more than the Federal minimum wage.
Learn More About Eldorado, Oklahoma Affordable Housing ↓

What HUD offices serve Eldorado, 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 Eldorado, Oklahoma.

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

How many renters live in Eldorado, Oklahoma?

The City of Eldorado has 418 people living in 149 households.

There are 36 renters living in 16 renter households in this City. Renters make up 8.61 percent of the population living in Eldorado.

What is the rental market like in Eldorado, Oklahoma?

There are an estimated 238 housing units in the Eldorado area. Of these, 19 units are rental homes, making up 8 percent of the housing market. For every renter household in Eldorado, Oklahoma, there are 1 rental units.

What is the vacancy rate for rentals in Eldorado?

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

Occupied Rental Units by Size in Eldorado
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 3 6 7 0
Occupied Rental Units by Size in Eldorado

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

Among renter households in this market, 31 percent have housing cost burden. Further, 31 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 Eldorado

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $677 to $1,439. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $677
One BR $678
Two BR $891
Three BR $1,154
Four BR $1,439
2024 Fair Market Rents in Eldorado, Oklahoma

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

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 3 100 percent
Two BR 2 33 percent
Rental Units Below FMR in Eldorado, Oklahoma

How many affordable rental units are in Eldorado?

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

Federal Program Unit Count
Low Income Housing Tax Credit 10
USDA Section 515 Rural Rental Housing 10
Tracked Units by Federal Program in Eldorado, Oklahoma

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

Income Based Apartments in Eldorado, Oklahoma

Eldorado features 10 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 Eldorado, Oklahoma

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

Housing Choice Vouchers in Eldorado, Oklahoma

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Eldorado, Oklahoma for a two-bedroom apartment is between $802 and $980.

Sourced from federal housing data and AffordableHousingOnline.com research.