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Low Income Apartments and Affordable Housing For Rent in Lone Grove, OK

Discover affordable housing in Lone Grove 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.

Image of Lone Terrace Lp

Lone Terrace Lp

501 Newport Rd, Lone Grove, Oklahoma 73443

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Lone Grove, Oklahoma

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
 Low income apartments with no or short waiting lists.
payment Subsidized
 Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
 Apartments that accept Section 8 vouchers near you
elderly Senior
 Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
 Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
 Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
 Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lone Grove, 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 Lone Grove, Oklahoma Affordable Housing ↓

What HUD offices serve Lone Grove, 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.

Oklahoma Housing Finance Agency
Operates the Section 8 Housing Choice Voucher (HCV) programs for Lone Grove, Oklahoma.

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

How many renters live in Lone Grove, Oklahoma?

The City of Lone Grove has people living in households.

There are renters living in renter households in this City. Renters make up 27.06 percent of the population living in Lone Grove.

What is the rental market like in Lone Grove, Oklahoma?

There are an estimated housing units in the Lone Grove area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lone Grove, Oklahoma, there are 1.02 rental units.

What is the vacancy rate for rentals in Lone Grove?

The rental vacancy rate in Lone Grove 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 Lone Grove for each bedroom size?

Occupied Rental Units by Size in Lone Grove
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 48 316 188 16
Occupied Rental Units by Size in Lone Grove

A large number of apartments in Lone Grove have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Lone Grove

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 Lone Grove, Oklahoma

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

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 48 100 percent
Two BR 138 44 percent
Rental Units Below FMR in Lone Grove, Oklahoma

How many affordable rental units are in Lone Grove?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Lone Grove, Oklahoma

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

Income Based Apartments in Lone Grove, Oklahoma

Lone Grove features 32 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 Lone Grove, Oklahoma

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

Housing Choice Vouchers in Lone Grove, Oklahoma

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.