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

Discover affordable housing in Wapakoneta where there are 7+ 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.

Quaker Run Apartments

500 N. Wentz Street, Wapakoneta, Ohio 45895

Defiance Commons

4 Defiance Commons Dr, Wapakoneta, Ohio 45895

Quaker Run

217 N Wentz St, Wapakoneta, Ohio 45895

Valley View Apartments

1105 E Middle St, Wapakoneta, Ohio 45895

Wapakoneta Village

218 Eastown Dr, Wapakoneta, Ohio 45895

Blume Alumni Apartments

400 N Blackhoof St, Wapakoneta, Ohio 45895

Normandy Ridge Apartments

402 Ashland Ave, Wapakoneta, Ohio 45895

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

What HUD offices serve Wapakoneta, 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 Wapakoneta, Ohio.

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

How many renters live in Wapakoneta, Ohio?

The City of Wapakoneta has 9,879 people living in 4,306 households.

There are 3,238 renters living in 1,492 renter households in this City. Renters make up 32.78 percent of the population living in Wapakoneta.

What is the rental market like in Wapakoneta, Ohio?

There are an estimated 4,590 housing units in the Wapakoneta area. Of these, 1,589 units are rental homes, making up 35 percent of the housing market. For every renter household in Wapakoneta, Ohio, there are 1 rental units.

What is the vacancy rate for rentals in Wapakoneta?

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

Occupied Rental Units by Size in Wapakoneta
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
82 291 709 225 185
Occupied Rental Units by Size in Wapakoneta

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

Among renter households in this market, 28 percent have housing cost burden. Further, 7 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 Wapakoneta

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $684 to $1,459. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $684
One BR $689
Two BR $860
Three BR $1,212
Four BR $1,459
2024 Fair Market Rents in Wapakoneta, Ohio

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

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 48 59 percent
One BR 232 80 percent
Two BR 395 56 percent
Rental Units Below FMR in Wapakoneta, Ohio

How many affordable rental units are in Wapakoneta?

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

Federal Program Unit Count
Low Income Housing Tax Credit 124
Section 8 Project-Based Rental Assistance 119
USDA Section 515 Rural Rental Housing 88
Tracked Units by Federal Program in Wapakoneta, Ohio

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

Income Based Apartments in Wapakoneta, Ohio

Wapakoneta features 173 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 Wapakoneta, Ohio

There are 142 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wapakoneta.

Housing Choice Vouchers in Wapakoneta, Ohio

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.