Low Income Apartments and Affordable Housing For Rent in Akron, OH

Discover affordable housing in Akron where there are 103+ 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.

William Presser Towers

480 Canton Rd, Akron, Ohio 44312

Summit Terrace

697 E Waterloo Rd, Akron, Ohio 44306

Thornton Terrace

125 Bowdoin Ln, Akron, Ohio 44311

Brittain Woods

1079 Brittain Rd, Akron, Ohio 44305

Springhill Homes

659 Lessig Ave, Akron, Ohio 44312

Nela Manor

608 W Market St, Akron, Ohio 44304

Rosaline Apartments

509 Crosby St, Akron, Ohio 44302

Williams Towers

285 Channelwood Cir, Akron, Ohio 44307

Orchard Park

952 Chinook Ave, Akron, Ohio 44305

Akron 73

616 Darrow Rd, Akron, Ohio 44305

Jewish Senior Housing of Akron

710 White Pond Dr, Akron, Ohio 44320

Stoney Pointe Commons

1791 Vernon Odom Boulevard, Akron, Ohio 44320

The Ericsson

1380 Dahlgren Dr, Akron, Ohio 44306

Cascade Village East - West

243 E North St, Akron, Ohio 44304

St Martha Manor

575 Delmar Ave, Akron, Ohio 44310

Commons at Madaline Park

1241 BROWNSTONE AVE, Akron, Ohio 44310

Middlebury Commons

931 E Market St, Akron, Ohio 44305

Spring Hill Apartments

1180 Rentar Lane, Akron, Ohio 44307

Roulhac Circle

1269 Roulhac Circle, Akron, Ohio 44307

Kimlyn Circle

20 Kimlyn Circle, Akron, Ohio 44310

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Akron, Ohio
$19.68/hour
$12.68 (+181%) more than Ohio minimum wage and $12.43 (+171%) more than the Federal minimum wage.
Learn More About Akron, Ohio Affordable Housing ↓

What HUD offices serve Akron, Ohio?

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 Akron, Ohio.

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

How many renters live in Akron, Ohio?

The City of Akron has 188,498 people living in 85,395 households.

There are 89,498 renters living in 41,679 renter households in this City. Renters make up 47.48 percent of the population living in Akron.

What is the rental market like in Akron, Ohio?

There are an estimated 93,215 housing units in the Akron area. Of these, 43,991 units are rental homes, making up 47 percent of the housing market. For every renter household in Akron, Ohio, there are 1 rental units.

What is the vacancy rate for rentals in Akron?

The rental vacancy rate in Akron is 4 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 Akron for each bedroom size?

Occupied Rental Units by Size in Akron
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,179 9,386 13,802 12,714 4,020
Occupied Rental Units by Size in Akron

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

Among renter households in this market, 45 percent have housing cost burden. Further, 28 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 Akron

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $728 to $1,389. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $728
One BR $816
Two BR $1,039
Three BR $1,301
Four BR $1,389
2024 Fair Market Rents in Akron, Ohio

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

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 928 79 percent
One BR 6,708 71 percent
Two BR 9,882 72 percent
Rental Units Below FMR in Akron, Ohio

How many affordable rental units are in Akron?

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

Federal Program Unit Count
Low Income Housing Tax Credit 4,436
Public Housing 3,067
Section 8 Project-Based Rental Assistance 2,848
Mod Rehab Project-Based Rental Assistance 6
Section 202 Supportive Housing for the Elderly 64
Section 811 Supportive Housing for Persons with Disabilities 56
Tracked Units by Federal Program in Akron, Ohio

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

Income Based Apartments in Akron, Ohio

Akron features 6,340 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 Akron, Ohio

There are 1,960 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Akron.

Housing Choice Vouchers in Akron, Ohio

On average, Section 8 Housing Choice vouchers pay Akron landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Akron.

The maximum amount a voucher would pay on behalf of a low-income tenant in Akron, Ohio for a two-bedroom apartment is between $935 and $1,143.

Sourced from federal housing data and AffordableHousingOnline.com research.