Low Income Apartments and Affordable Housing For Rent in Oakland, MS

Discover affordable housing in Oakland where there are 3+ 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.

Oakland Heights Manor

145 Walnut St. #25, Oakland, Mississippi 38948

bed 1
payment Subsidized
elderly Senior

Oakland Apartments Homes

Corner of Hwys 32 And 330, Oakland, Mississippi 38948

switch_access_shortcut Short Wait
accessibility Accessible

Oakland ( Town of )

Coner Hwy, Oakland, Mississippi 38948

How To Identify Affordable Housing in Oakland, Mississippi

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.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Oakland, Mississippi
$9.85 (+136%) more than Mississippi minimum wage and $9.85 (+136%) more than the Federal minimum wage.
Learn More About Oakland, Mississippi Affordable Housing ↓

What HUD offices serve Oakland, Mississippi?

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 Oakland, Mississippi.

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

How many renters live in Oakland, Mississippi?

The City of Oakland has people living in households.

There are renters living in renter households in this City. Renters make up 32.72 percent of the population living in Oakland.

What is the rental market like in Oakland, Mississippi?

There are an estimated housing units in the Oakland area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Oakland, Mississippi, there are 1.2 rental units.

What is the vacancy rate for rentals in Oakland?

The rental vacancy rate in Oakland is 17 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 Oakland for each bedroom size?

Occupied Rental Units by Size in Oakland
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 28 13 21 2
Occupied Rental Units by Size in Oakland

A large number of apartments in Oakland 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 Oakland

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $706 to $1,532. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $706
One BR $711
Two BR $903
Three BR $1,273
Four BR $1,532
2024 Fair Market Rents in Oakland, Mississippi

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

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 28 100 percent
Two BR 12 92 percent
Rental Units Below FMR in Oakland, Mississippi

How many affordable rental units are in Oakland?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in Oakland, Mississippi

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

Income Based Apartments in Oakland, Mississippi

Oakland features 24 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 Oakland, Mississippi

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oakland.

Housing Choice Vouchers in Oakland, Mississippi

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Oakland, Mississippi for a two-bedroom apartment is between $813 and $993.

Sourced from federal housing data and AffordableHousingOnline.com research.