Low Income Apartments and Affordable Housing For Rent in Oakdale, LA

Discover affordable housing in Oakdale where there are 4+ 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 Oaks Apartments

1124 E 5th Ave, Oakdale, Louisiana 71463

Oakland Apartments

605 Hospital Dr, Oakdale, Louisiana 71463

Oakdale Seniors

1010 E 5th Ave, Oakdale, Louisiana 71463

Pear Orchard

212 William St, Oakdale, Louisiana 71463

Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Oakdale, Louisiana
$8.32 (+115%) more than Louisiana minimum wage and $8.32 (+115%) more than the Federal minimum wage.
Learn More About Oakdale, Louisiana Affordable Housing ↓

What HUD offices serve Oakdale, Louisiana?

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), Public Housing programs for Oakdale, Louisiana.

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

How many renters live in Oakdale, Louisiana?

The City of Oakdale has 6,701 people living in 1,908 households.

There are 1,599 renters living in 607 renter households in this City. Renters make up 23.86 percent of the population living in Oakdale.

What is the rental market like in Oakdale, Louisiana?

There are an estimated 2,717 housing units in the Oakdale area. Of these, 850 units are rental homes, making up 31 percent of the housing market. For every renter household in Oakdale, Louisiana, there are 1 rental units.

What is the vacancy rate for rentals in Oakdale?

The rental vacancy rate in Oakdale is 18 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 Oakdale for each bedroom size?

Occupied Rental Units by Size in Oakdale
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 46 300 261 0
Occupied Rental Units by Size in Oakdale

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

Among renter households in this market, 39 percent have housing cost burden. Further, 30 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 Oakdale

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $615 to $1,231. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $615
One BR $679
Two BR $822
Three BR $1,043
Four BR $1,231
2024 Fair Market Rents in Oakdale, Louisiana

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

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 26 57 percent
Two BR 189 63 percent
Rental Units Below FMR in Oakdale, Louisiana

How many affordable rental units are in Oakdale?

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

Federal Program Unit Count
Low Income Housing Tax Credit 137
Public Housing 156
USDA Section 515 Rural Rental Housing 103
Tracked Units by Federal Program in Oakdale, Louisiana

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

Income Based Apartments in Oakdale, Louisiana

Oakdale features 182 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 Oakdale, Louisiana

There are 78 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oakdale.

Housing Choice Vouchers in Oakdale, Louisiana

On average, Section 8 Housing Choice vouchers pay Oakdale landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Oakdale.

The maximum amount a voucher would pay on behalf of a low-income tenant in Oakdale, Louisiana for a two-bedroom apartment is between $740 and $904.

Sourced from federal housing data and AffordableHousingOnline.com research.