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

Discover affordable housing in Crescent 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.

Cresent Village Apartments

600 N Grand St, Crescent, Oklahoma 73028

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Crescent, Oklahoma
$20.66/hour
$13.41 (+185%) more than Oklahoma minimum wage and $13.41 (+185%) more than the Federal minimum wage.
Learn More About Crescent, Oklahoma Affordable Housing ↓

What HUD offices serve Crescent, 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 Crescent, Oklahoma.

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

How many renters live in Crescent, Oklahoma?

The City of Crescent has 1,552 people living in 557 households.

There are 372 renters living in 150 renter households in this City. Renters make up 23.97 percent of the population living in Crescent.

What is the rental market like in Crescent, Oklahoma?

There are an estimated 675 housing units in the Crescent area. Of these, 158 units are rental homes, making up 23 percent of the housing market. For every renter household in Crescent, Oklahoma, there are 1 rental units.

What is the vacancy rate for rentals in Crescent?

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

Occupied Rental Units by Size in Crescent
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 19 106 25 0
Occupied Rental Units by Size in Crescent

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

Among renter households in this market, 45 percent have housing cost burden. Further, 26 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 Crescent

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $824 to $1,605. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $824
One BR $884
Two BR $1,091
Three BR $1,454
Four BR $1,605
2024 Fair Market Rents in Crescent, Oklahoma

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

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 11 58 percent
Two BR 77 73 percent
Rental Units Below FMR in Crescent, Oklahoma

How many affordable rental units are in Crescent?

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

Federal Program Unit Count
Low Income Housing Tax Credit 20
Section 202 Supportive Housing for the Elderly 2
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Crescent, Oklahoma

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

Income Based Apartments in Crescent, Oklahoma

Crescent features 20 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 Crescent, Oklahoma

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

Housing Choice Vouchers in Crescent, Oklahoma

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Crescent, Oklahoma for a two-bedroom apartment is between $982 and $1,200.

Sourced from federal housing data and AffordableHousingOnline.com research.