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

Discover affordable housing in Berea where there are 2+ 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.

Quarrytown

55 W Bagley Rd, Berea, Ohio 44017

Quarrytown

55 West Bagley Road, Berea, Ohio 44017

calendar_today Opened: Nov 9
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Berea, Ohio
$20.98/hour
$13.98 (+200%) more than Ohio minimum wage and $13.73 (+189%) more than the Federal minimum wage.
Learn More About Berea, Ohio Affordable Housing ↓

What HUD offices serve Berea, 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 Berea, Ohio.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Berea, Ohio.
Operates the Mainstream Voucher, Shelter Plus Care programs for Berea, Ohio.

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

How many renters live in Berea, Ohio?

The City of Berea has 18,550 people living in 7,115 households.

There are 4,320 renters living in 2,005 renter households in this City. Renters make up 23.29 percent of the population living in Berea.

What is the rental market like in Berea, Ohio?

There are an estimated 7,456 housing units in the Berea area. Of these, 2,067 units are rental homes, making up 28 percent of the housing market. For every renter household in Berea, Ohio, there are 1 rental units.

What is the vacancy rate for rentals in Berea?

The rental vacancy rate in Berea is 2 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 Berea for each bedroom size?

Occupied Rental Units by Size in Berea
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
122 721 500 531 105
Occupied Rental Units by Size in Berea

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

Among renter households in this market, 38 percent have housing cost burden. Further, 17 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 Berea

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $811 to $1,527. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $811
One BR $913
Two BR $1,108
Three BR $1,434
Four BR $1,527
2024 Fair Market Rents in Berea, Ohio

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

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 60 49 percent
One BR 507 70 percent
Two BR 194 39 percent
Rental Units Below FMR in Berea, Ohio

How many affordable rental units are in Berea?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 179
Tracked Units by Federal Program in Berea, Ohio

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

Income Based Apartments in Berea, Ohio

Berea features 361 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 Berea, Ohio

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

Housing Choice Vouchers in Berea, Ohio

On average, Section 8 Housing Choice vouchers pay Berea landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Berea.

The maximum amount a voucher would pay on behalf of a low-income tenant in Berea, Ohio for a two-bedroom apartment is between $997 and $1,219.

Sourced from federal housing data and AffordableHousingOnline.com research.