Low Income Apartments and Affordable Housing For Rent in Otsego County, NY

Discover affordable housing in Otsego County where there are 10+ 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.

Unadilla Neighborhood Apartments

71 Clifton St, Unadilla, New York 13849

West Hill Terrace

26 West St, Edmeston, New York 13335

Academy Arms Apartments

33 Academy St, Oneonta, New York 13820

Dietz Street Lofts

34 Dietz Street Lofts, Oneonta, New York 13820

Albert Nader Towers

2 Mitchell St, Oneonta, New York 13820

Milford Family Housing

50 W Main St, Milford, New York 13807

Bronner Manor Associates

24 Park St, Richfield Springs, New York 13439

James F. Lettis Apartments

30 Fairview St, Oneonta, New York 13820

Oneonta Heights

1 Silver Ave, Oneonta, New York 13820

Mayrose Apts

9 Lewis Ave, Oneonta, New York

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Otsego County, New York
$5.09 (+34%) more than New York minimum wage and $12.84 (+177%) more than the Federal minimum wage.
Learn More About Otsego County, New York Affordable Housing ↓

What HUD offices serve Otsego County, New York?

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), Section 8 Project-Based Voucher (PBV) programs for Otsego County, New York.

Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Otsego County.

How many renters live in Otsego County, New York?

The County of Otsego County has 59,678 people living in 22,305 households.

There are 12,480 renters living in 5,771 renter households in this County. Renters make up 20.91 percent of the population living in Otsego County.

What is the rental market like in Otsego County, New York?

There are an estimated 29,965 housing units in the Otsego County area. Of these, 6,804 units are rental homes, making up 23 percent of the housing market. For every renter household in Otsego County, New York, there are 1 rental units.

What is the vacancy rate for rentals in Otsego County?

The rental vacancy rate in Otsego County is 10 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 Otsego County for each bedroom size?

Occupied Rental Units by Size in Otsego County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
464 1,506 2,182 1,152 289
Occupied Rental Units by Size in Otsego County

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

Among renter households in this market, 41 percent have housing cost burden. Further, 21 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 Otsego County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $719 to $1,413. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $719
One BR $879
Two BR $1,061
Three BR $1,304
Four BR $1,413
2024 Fair Market Rents in Otsego County, New York

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

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 271 58 percent
One BR 862 57 percent
Two BR 1,201 55 percent
Rental Units Below FMR in Otsego County, New York

How many affordable rental units are in Otsego County?

There are a variety of federal affordable housing programs serving households in Otsego County, New York including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 132
Public Housing 112
Section 8 Project-Based Rental Assistance 82
USDA Section 515 Rural Rental Housing 76
Tracked Units by Federal Program in Otsego County, New York

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

Income Based Apartments in Otsego County, New York

Otsego County features 330 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 Otsego County, New York

There are 92 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Otsego County.

Housing Choice Vouchers in Otsego County, New York

On average, Section 8 Housing Choice vouchers pay Otsego County landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Otsego County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Otsego County, New York for a two-bedroom apartment is between $955 and $1,167.

Sourced from federal housing data and AffordableHousingOnline.com research.