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

Discover affordable housing in Versailles 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.

Birchwood Gardens Apartments

565 S Franklin Street, Versailles, Ohio 45380

Fleur - De - Lis Court

110 Marker Rd, Versailles, Ohio 45380

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

What HUD offices serve Versailles, 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) programs for Versailles, Ohio.

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

How many renters live in Versailles, Ohio?

The City of Versailles has 2,945 people living in 1,223 households.

There are 524 renters living in 294 renter households in this City. Renters make up 17.79 percent of the population living in Versailles.

What is the rental market like in Versailles, Ohio?

There are an estimated 1,289 housing units in the Versailles area. Of these, 332 units are rental homes, making up 26 percent of the housing market. For every renter household in Versailles, Ohio, there are 1 rental units.

What is the vacancy rate for rentals in Versailles?

The rental vacancy rate in Versailles is 6 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 Versailles for each bedroom size?

Occupied Rental Units by Size in Versailles
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 76 127 91 0
Occupied Rental Units by Size in Versailles

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

Among renter households in this market, 29 percent have housing cost burden. Further, 6 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 Versailles

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $639 to $1,214. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $639
One BR $741
Two BR $860
Three BR $1,175
Four BR $1,214
2024 Fair Market Rents in Versailles, Ohio

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

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 67 88 percent
Two BR 99 78 percent
Rental Units Below FMR in Versailles, Ohio

How many affordable rental units are in Versailles?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 60
Tracked Units by Federal Program in Versailles, Ohio

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

Income Based Apartments in Versailles, Ohio

Versailles features 60 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 Versailles, Ohio

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

Housing Choice Vouchers in Versailles, Ohio

On average, Section 8 Housing Choice vouchers pay Versailles landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Versailles.

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

Sourced from federal housing data and AffordableHousingOnline.com research.