Low Income Apartments and Affordable Housing For Rent in Oil City, LA

Discover affordable housing in Oil City 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.

Villa Oaks Apartments

403 Walnut St, Oil City, Louisiana 71061

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Oil City, Louisiana
$20.32/hour
$13.07 (+180%) more than Louisiana minimum wage and $13.07 (+180%) more than the Federal minimum wage.
Learn More About Oil City, Louisiana Affordable Housing ↓

What HUD offices serve Oil City, 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 Public Housing programs for Oil City, Louisiana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Oil City, Louisiana.

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

How many renters live in Oil City, Louisiana?

The City of Oil City has 1,093 people living in 518 households.

There are 634 renters living in 319 renter households in this City. Renters make up 58.01 percent of the population living in Oil City.

What is the rental market like in Oil City, Louisiana?

There are an estimated 593 housing units in the Oil City area. Of these, 328 units are rental homes, making up 55 percent of the housing market. For every renter household in Oil City, Louisiana, there are 1 rental units.

What is the vacancy rate for rentals in Oil City?

The rental vacancy rate in Oil City is 3 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 Oil City for each bedroom size?

Occupied Rental Units by Size in Oil City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2 49 155 83 30
Occupied Rental Units by Size in Oil City

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

Among renter households in this market, 60 percent have housing cost burden. Further, 35 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 Oil City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $779 to $1,486. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $779
One BR $927
Two BR $1,073
Three BR $1,358
Four BR $1,486
2024 Fair Market Rents in Oil City, Louisiana

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

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 2 100 percent
One BR 48 98 percent
Two BR 155 100 percent
Rental Units Below FMR in Oil City, Louisiana

How many affordable rental units are in Oil City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 64
Public Housing 78
Section 8 Project-Based Rental Assistance 1
USDA Section 515 Rural Rental Housing 64
Tracked Units by Federal Program in Oil City, Louisiana

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

Income Based Apartments in Oil City, Louisiana

Oil City features 64 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 Oil City, Louisiana

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

Housing Choice Vouchers in Oil City, Louisiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Oil City, Louisiana for a two-bedroom apartment is between $966 and $1,180.

Sourced from federal housing data and AffordableHousingOnline.com research.