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Affordable Housing In Akron
Summit County, Ohio

101 Low Income Apartment Communities In Akron

Waterford at Portage Trail II

1050 Portage Trail Ext
Akron, Ohio
Accepts Vouchers

Ohio Property

255 Crosby St
Akron, Ohio
Accepts Vouchers

East Akron Ndc - N - B - 01 - 550 - 1

Akron Senior Housing
Akron, Ohio
Accepts Vouchers

South Akron Homes Limited Partner

Eandc
Akron, Ohio
Accepts Vouchers

Akron - a - B - 94 - 254 - 2

Homestead/Lucy/Hart/Tablot
Akron, Ohio
Accepts Vouchers

Akron

Various
Akron, Ohio
Accepts Vouchers

North Akron Homes

179 E Lods St
Akron, Ohio
Accepts Vouchers

Akron Section 8 Rehabilitation

1021 Snyder St
Akron, Ohio
Accepts Vouchers

E J. Grinder Apartments

468 Julien Ave
Akron, Ohio
Accepts Vouchers

Raymond Project

1053 Raymond St
Akron, Ohio
Accepts Vouchers

Housing Authorities that serve Akron

Housing Authority Programs
Akron Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Akron, Ohio

There are 101 low income housing apartment communities offering 8,586 affordable apartments for rent in Akron, Ohio.

Income Based Apartments in Akron, Ohio

Akron features 5,851 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 2,333 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 $762 and $932.

2020 Akron, Ohio Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $557 $659 $847 $1,065 $1,147
Payment Standard Range $501 to $613 $593 to $725 $762 to $932 $959 to $1,172 $1,032 to $1,262

Sourced from federal housing data and AffordableHousingOnline.com research.

Akron, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 101
Total Low Income Apartments 8,586
Total Housing Units with Rental Assistance 5,851
Percentage of Housing Units Occupied By Renters 47.7%
Average Renter Household Size 2.30
Average Household Size 2.31
Median Household Income $34,512 ±$1,008
Median Rent $680 ±$9
Percentage Of Renters Overburdened 51.57% ± 2.18pp
Total Population 198,329

Population and Household Demographics

Akron is a city in Summit County, Ohio with a population of 198,329. There are 83,684 households in the city with an average household size of 2.31 persons. 47.7% of households in Akron are renters.

Income and Rent Overburden in Akron

The median gross income for households in Akron is $34,512 a year, or $2,876 a month. The median rent for the city is $680 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Akron, a household making less than $2,267 a month would be considered overburdened when renting an apartment at or above the median rent. 51.57% of households who rent are overburdened in Akron.

Area Median Income In Akron

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Akron, the AMI is calculated from all households within Summit County.

In Akron, HUD calculates the Area Median Income for a family of four as $76,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Akron

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Akron

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,050 $18,350 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $26,750 $30,550 $34,350 $38,150 $41,250 $44,300 $47,350 $50,400
80% of Median $42,750 $48,850 $54,950 $61,050 $65,950 $70,850 $75,750 $80,600