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

Discover affordable housing in Toronto 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.

Whispering Hills

901 Bank St , Toronto, Ohio 43964

Riverside Manor Apartments

524 N 5th St, Toronto, Ohio 43964

Michael Myers Terrace

425 N 5th St, Toronto, Ohio 43964

calendar_today Opened: Nov 1
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Toronto, 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 Toronto, Ohio Affordable Housing ↓

What HUD offices serve Toronto, 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 Toronto, Ohio.

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

How many renters live in Toronto, Ohio?

The City of Toronto has 5,387 people living in 2,417 households.

There are 1,360 renters living in 655 renter households in this City. Renters make up 25.25 percent of the population living in Toronto.

What is the rental market like in Toronto, Ohio?

There are an estimated 2,674 housing units in the Toronto area. Of these, 761 units are rental homes, making up 28 percent of the housing market. For every renter household in Toronto, Ohio, there are 1 rental units.

What is the vacancy rate for rentals in Toronto?

The rental vacancy rate in Toronto is 14 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Toronto for each bedroom size?

Occupied Rental Units by Size in Toronto
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 176 300 134 45
Occupied Rental Units by Size in Toronto

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

Among renter households in this market, 30 percent have housing cost burden. Further, 13 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 Toronto

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $660 to $1,279. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $660
One BR $678
Two BR $860
Three BR $1,177
Four BR $1,279
2024 Fair Market Rents in Toronto, Ohio

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

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 165 94 percent
Two BR 205 68 percent
Rental Units Below FMR in Toronto, Ohio

How many affordable rental units are in Toronto?

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

Federal Program Unit Count
Low Income Housing Tax Credit 127
Public Housing 74
Section 8 Project-Based Rental Assistance 126
Tracked Units by Federal Program in Toronto, Ohio

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

Income Based Apartments in Toronto, Ohio

Toronto features 205 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 Toronto, Ohio

There are 61 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Toronto.

Housing Choice Vouchers in Toronto, Ohio

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.