Low Income Apartments and Affordable Housing For Rent in Arkoma, OK

Discover affordable housing in Arkoma where there are 1+ 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.

Archwood Apartments

1006 Highway 9A, Arkoma, Oklahoma 74901

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Arkoma, Oklahoma
$16.88/hour
$9.63 (+133%) more than Oklahoma minimum wage and $9.63 (+133%) more than the Federal minimum wage.
Learn More About Arkoma, Oklahoma Affordable Housing ↓

What HUD offices serve Arkoma, Oklahoma?

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 Arkoma, Oklahoma.

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

How many renters live in Arkoma, Oklahoma?

The City of Arkoma has 1,866 people living in 714 households.

There are 734 renters living in 285 renter households in this City. Renters make up 39.34 percent of the population living in Arkoma.

What is the rental market like in Arkoma, Oklahoma?

There are an estimated 812 housing units in the Arkoma area. Of these, 310 units are rental homes, making up 38 percent of the housing market. For every renter household in Arkoma, Oklahoma, there are 1 rental units.

What is the vacancy rate for rentals in Arkoma?

The rental vacancy rate in Arkoma is 8 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 Arkoma for each bedroom size?

Occupied Rental Units by Size in Arkoma
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6 36 143 97 3
Occupied Rental Units by Size in Arkoma

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

Among renter households in this market, 38 percent have housing cost burden. Further, 20 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 Arkoma

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $706 to $1,264. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $706
One BR $711
Two BR $891
Three BR $1,215
Four BR $1,264
2024 Fair Market Rents in Arkoma, Oklahoma

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

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 5 83 percent
One BR 30 83 percent
Two BR 101 71 percent
Rental Units Below FMR in Arkoma, Oklahoma

How many affordable rental units are in Arkoma?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
Section 8 Project-Based Rental Assistance 24
Tracked Units by Federal Program in Arkoma, Oklahoma

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

Income Based Apartments in Arkoma, Oklahoma

Arkoma features 24 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 Arkoma, Oklahoma

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

Housing Choice Vouchers in Arkoma, Oklahoma

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Arkoma, Oklahoma for a two-bedroom apartment is between $802 and $980.

Sourced from federal housing data and AffordableHousingOnline.com research.