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

Discover affordable housing in Franklin where there are 9+ 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.

Franklin Commons Apartments

962 Franklin Commons Dr, Franklin, Ohio 45005

bed 1-3
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Franklin Court

276 Victory Ln, Franklin, Ohio 45005

payment Subsidized

9 N River St

9 N River St, Franklin, Ohio 45005

bed 1
payment $725/mo.

602 E. Second Street Apt. C Unit C. PeachHaven Rentals

602 E. Second Street Apt. C Unit C. PeachHaven Rentals, Franklin, Ohio 45005

bed 2
payment $950/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

128 N River St Unit A

128 N River St Unit A, Franklin, Ohio 45005

bed 2
payment $995/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

4 S Main St Unit Apt. 1

4 S Main St Unit Apt. 1, Franklin, Ohio 45005

bed 1
payment $675/mo.

718 S Main St Unit 718

718 S Main St Unit 718, Franklin, Ohio 45005

bed 3
payment $1250/mo.

Emerald Edge Apartments

656 E 2nd St, Franklin, Ohio 45005

switch_access_shortcut Short Wait
accessibility Accessible

Sherman Glen

301 Sherman Dr, Franklin, Ohio 45005

accessibility Accessible

How To Identify Affordable Housing in Franklin, Ohio

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 Franklin, Ohio
$22.63/hour
$15.63 (+223%) more than Ohio minimum wage and $15.38 (+212%) more than the Federal minimum wage.
Learn More About Franklin, Ohio Affordable Housing ↓

What HUD offices serve Franklin, 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 Franklin, Ohio.

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

How many renters live in Franklin, Ohio?

The City of Franklin has people living in households.

There are renters living in renter households in this City. Renters make up 36.1 percent of the population living in Franklin.

What is the rental market like in Franklin, Ohio?

There are an estimated housing units in the Franklin area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Franklin, Ohio, there are 1.05 rental units.

What is the vacancy rate for rentals in Franklin?

The rental vacancy rate in Franklin 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 Franklin for each bedroom size?

Occupied Rental Units by Size in Franklin
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
84 446 939 357 43
Occupied Rental Units by Size in Franklin

A large number of apartments in Franklin 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 Franklin

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $810 to $1,766. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $810
One BR $919
Two BR $1,195
Three BR $1,588
Four BR $1,766
2024 Fair Market Rents in Franklin, Ohio

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

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 73 87 percent
One BR 344 77 percent
Two BR 705 75 percent
Rental Units Below FMR in Franklin, Ohio

How many affordable rental units are in Franklin?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Tracked Units by Federal Program in Franklin, Ohio

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

Income Based Apartments in Franklin, Ohio

Franklin features 262 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 Franklin, Ohio

There are 170 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Franklin.

Housing Choice Vouchers in Franklin, Ohio

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Franklin, Ohio for a two-bedroom apartment is between $1,076 and $1,315.

Sourced from federal housing data and AffordableHousingOnline.com research.

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