Low Income Apartments and Affordable Housing For Rent in Stephens County, OK

Discover affordable housing in Stephens County where there are 9+ 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.

Duncan Terrace Apartments

1820 W Plato Rd, Duncan, Oklahoma 73533

Park Lane Apartments

120 W Ballpark Rd, Marlow, Oklahoma 73055

The Gardens at Duncan

419 S 27th St, Duncan, Oklahoma 73533

Elm Terrace Apartments

206 E Elm Ave, Duncan, Oklahoma 73533

Legacy Senior Apartments Duncan

1745 W. Legacy Drive, Duncan, Oklahoma 73533

Duncan Plaza

2021 N Highway 81, Duncan, Oklahoma 73533

Chaparral Apts/ Burns Prop Mgmt Inc C/O Western Prop

1420 First Street, Velma, Oklahoma

Pleasant View Apartments

1214 N Highway 81, Duncan, Oklahoma 73533

Comanche Village

100 Seminole Dr, Comanche, Oklahoma 73529

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Stephens County, 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 Stephens County, Oklahoma Affordable Housing ↓

What HUD offices serve Stephens County, 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 Stephens County, Oklahoma.

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

How many renters live in Stephens County, Oklahoma?

The County of Stephens County has 43,140 people living in 17,032 households.

There are 10,733 renters living in 4,306 renter households in this County. Renters make up 24.88 percent of the population living in Stephens County.

What is the rental market like in Stephens County, Oklahoma?

There are an estimated 20,347 housing units in the Stephens County area. Of these, 4,631 units are rental homes, making up 23 percent of the housing market. For every renter household in Stephens County, Oklahoma, there are 1 rental units.

What is the vacancy rate for rentals in Stephens County?

The rental vacancy rate in Stephens County is 5 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 Stephens County for each bedroom size?

Occupied Rental Units by Size in Stephens County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
135 494 1,805 1,566 277
Occupied Rental Units by Size in Stephens County

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

Among renter households in this market, 38 percent have housing cost burden. Further, 18 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 Stephens County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $734 to $1,437. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $734
One BR $739
Two BR $891
Three BR $1,256
Four BR $1,437
2024 Fair Market Rents in Stephens County, Oklahoma

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

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 81 60 percent
One BR 390 79 percent
Two BR 1,175 65 percent
Rental Units Below FMR in Stephens County, Oklahoma

How many affordable rental units are in Stephens County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 278
Public Housing 36
Section 8 Project-Based Rental Assistance 192
USDA Section 515 Rural Rental Housing 114
Tracked Units by Federal Program in Stephens County, Oklahoma

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

Income Based Apartments in Stephens County, Oklahoma

Stephens County features 307 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 Stephens County, Oklahoma

There are 166 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stephens County.

Housing Choice Vouchers in Stephens County, Oklahoma

On average, Section 8 Housing Choice vouchers pay Stephens County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Stephens County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.