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

Discover affordable housing in Lexington where there are 3+ 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.

Village Green Apartments

201 W. Main Street, Lexington, Ohio 44904

bed 1-2
payment $530-565/mo.
elderly Senior
accessibility Accessible

Fox Hollow Apartments

291 Lakewood Dr, Lexington, Ohio 44904

bed 1-2
payment $459-579/mo.

Oak Wood Apartments

289 Castor Rd, Lexington, Ohio 44904

How To Identify Affordable Housing in Lexington, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lexington, Ohio
$16.29/hour
$9.29 (+133%) more than Ohio minimum wage and $9.04 (+125%) more than the Federal minimum wage.
Learn More About Lexington, Ohio Affordable Housing ↓

What HUD offices serve Lexington, 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), Veteran Affairs Supportive Housing (VASH), HOME Investment Partnerships Program (HOME) programs for Lexington, Ohio.

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

How many renters live in Lexington, Ohio?

The City of Lexington has 4,956 people living in 1,989 households.

There are 1,631 renters living in 659 renter households in this City. Renters make up 32.91 percent of the population living in Lexington.

What is the rental market like in Lexington, Ohio?

There are an estimated 2,048 housing units in the Lexington area. Of these, 659 units are rental homes, making up 32 percent of the housing market. For every renter household in Lexington, Ohio, there are 1 rental units.

What is the vacancy rate for rentals in Lexington?

The rental vacancy rate in Lexington is 0 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 Lexington for each bedroom size?

Occupied Rental Units by Size in Lexington
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 113 378 127 36
Occupied Rental Units by Size in Lexington

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

Among renter households in this market, 35 percent have housing cost burden. Further, 14 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 Lexington

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $609 to $1,355. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $609
One BR $689
Two BR $860
Three BR $1,182
Four BR $1,355
2024 Fair Market Rents in Lexington, Ohio

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

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
One BR 97 86 percent
Two BR 283 75 percent
Rental Units Below FMR in Lexington, Ohio

How many affordable rental units are in Lexington?

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

Federal Program Unit Count
Low Income Housing Tax Credit 85
USDA Section 515 Rural Rental Housing 112
Tracked Units by Federal Program in Lexington, Ohio

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

Income Based Apartments in Lexington, Ohio

Lexington features 80 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 Lexington, Ohio

There are 84 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lexington.

Housing Choice Vouchers in Lexington, Ohio

On average, Section 8 Housing Choice vouchers pay Lexington landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Lexington.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lexington, Ohio for a two-bedroom apartment is between $774 and $946.

Sourced from federal housing data and AffordableHousingOnline.com research.