Low Income Apartments In Oklahoma City
Oklahoma County, Oklahoma

Oklahoma City city limits extend into  Cleveland CountyCanadian CountyOklahoma County,  and  Pottawatomie County.

Low Income Apartments In Oklahoma City

Southwoods

3308 SW 44th St
Oklahoma City, OK
Income Based
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

North Village Apartments

10735 N Western Ave
Oklahoma City, OK
$599-760
1-3 BR
HCV Welcome

Brooke Village Senior Apartments

1401 SW 89th St
Oklahoma City, OK
Call For Rent
2 BR
62+
HCV Welcome

Mt. Olive Senior

3856 North Kelley Avenue
Oklahoma City, OK
Income Based
1 BR
62+

Meadow Cliff Apartments I & II

7507 S Ross Ave
Oklahoma City, OK
Call For Rent
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

London Square Village

7533 NW 6th St.
Oklahoma City, OK
Call For Rent
1-3 BR
Subsidized

Park Place Apartments

215 NE 28th St
Oklahoma City, OK
Call For Rent
Studio-2 BR

Rockwell Villa Apartments

905 N Rockwell Ave
Oklahoma City, OK
Income Based
1-3 BR
Subsidized

The Reserve at West 10th

6640 NW 10th Street
Oklahoma City, OK
Call For Rent
1-3 BR
Accessible
HCV Welcome

Council Trails

9601 N. Council Road
Oklahoma City, OK
HCV Welcome

There are 79 low income housing apartment complexes which contain 8,503 affordable apartments for rent in Oklahoma City. Many of these rental apartments are income based housing with 4,170 apartments that set rent based on your income. In Oklahoma City, HUD housing programs support 716 rental assistance apartments through programs like Project-based Section 8. There are 4,273 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Oklahoma City

Housing Authority Programs
Oklahoma City Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Rental Assistance Demonstration (RAD)
Oklahoma Housing Finance Agency Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Oklahoma City, Oklahoma

Oklahoma City, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 79
Total Low Income Apartments 8,503
Total Rent Assisted Apartments 4,170
Percentage of Housing Units Occupied By Renters 41.76%
Average Renter Household Size 2.41
Total Population 610,672
Housing Units 232,254
Average Household Size 2.57
Median Household Income $47,779 ±$760
Median Rent $778 ±$7
Percentage Of Renters Overburdened 45.86% ± 1.35pp

Population and Household Demographics

Oklahoma City is a City in Oklahoma County, Oklahoma with a population of 610,672. There are 232,254 households in the city with an average household size of 2.57 persons. 41.76% of households in Oklahoma City are renters.

Income and Rent Overburden in Oklahoma City

The median gross income for households in Oklahoma City is $47,779 a year, or $3,982 a month. The median rent for the city is $778 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Oklahoma City, a household making less than $2,593 a month would be considered overburdened when renting an apartment at or above the median rent. 45.86% of households who rent are overburdened in Oklahoma City.1

Area Median Income In Oklahoma City

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Oklahoma City, the AMI is calculated from all households within Oklahoma County.

In Oklahoma City, HUD calculates the Area Median Income for a family of four as $73,800

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Oklahoma City

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Oklahoma City HUD Rental Assistance in Oklahoma City

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,550 $17,750 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,850 $29,550 $33,250 $36,900 $39,900 $42,850 $45,800 $48,750
80% of Median $41,350 $47,250 $53,150 $59,050 $63,800 $68,500 $73,250 $77,950
Low Income Housing Tax Credits in Oklahoma City

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1992 to 2011, 25 low income apartment communities containing 4,080 rental apartments have been constructed and made affordable to low income persons in Oklahoma City by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Oklahoma City

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $31,020 $35,460 $39,900 $44,280 $47,880 $51,420 $54,960 $58,500

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Oklahoma City is $39,900 a year, or $3,325 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,325 by 30% to get a maximum rent of $998 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $646 $693 $831 $960 $1,071 $1,182
60% $776 $831 $998 $1,152 $1,286 $1,418
Fair Market Rents in Oklahoma City

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$637 $689 $867 $1,184 $1,463