Low Income Apartments and Affordable Housing For Rent in Oklahoma City, OK

Discover affordable housing in Oklahoma City where there are 86+ 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.

Justamere Manor

325 NW 24th St, Oklahoma City, Oklahoma 73103

Fourplex

308 NW 24th St, Oklahoma City, Oklahoma 73103

Duplex

512 NW 30th St, Oklahoma City, Oklahoma 73118

1308 Nw 8th St

1308 NW 8th St, Oklahoma City, Oklahoma 73106

Chelsea Terrace

4th and Ash, Oklahoma City, Oklahoma 73111

Brookstone Park

231 W Douglas Dr, Oklahoma City, Oklahoma 73110

calendar_today Opened: Jan 15
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

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

What HUD offices serve Oklahoma City, 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), Public Housing, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV), Mainstream Voucher, Rental Assistance Demonstration (RAD), Family Unification Program (FUP) programs for Oklahoma City, Oklahoma.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Oklahoma City, Oklahoma.

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

How many renters live in Oklahoma City, Oklahoma?

The City of Oklahoma City has 694,768 people living in 277,216 households.

There are 261,419 renters living in 115,559 renter households in this City. Renters make up 37.63 percent of the population living in Oklahoma City.

What is the rental market like in Oklahoma City, Oklahoma?

There are an estimated 305,402 housing units in the Oklahoma City area. Of these, 126,074 units are rental homes, making up 41 percent of the housing market. For every renter household in Oklahoma City, Oklahoma, there are 1 rental units.

What is the vacancy rate for rentals in Oklahoma City?

The rental vacancy rate in Oklahoma City 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 Oklahoma City for each bedroom size?

Occupied Rental Units by Size in Oklahoma City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6,375 34,333 40,363 29,158 4,152
Occupied Rental Units by Size in Oklahoma City

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

Among renter households in this market, 48 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 Oklahoma City

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 Oklahoma City, Oklahoma

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

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 3,314 52 percent
One BR 18,642 54 percent
Two BR 20,367 50 percent
Rental Units Below FMR in Oklahoma City, Oklahoma

How many affordable rental units are in Oklahoma City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 4,829
Public Housing 2,711
Section 8 Project-Based Rental Assistance 1,371
Section 202 Supportive Housing for the Elderly 47
Section 811 Supportive Housing for Persons with Disabilities 14
Tracked Units by Federal Program in Oklahoma City, Oklahoma

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

Income Based Apartments in Oklahoma City, Oklahoma

Oklahoma City features 5,108 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 Oklahoma City, Oklahoma

There are 3,557 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oklahoma City.

Housing Choice Vouchers in Oklahoma City, Oklahoma

On average, Section 8 Housing Choice vouchers pay Oklahoma City landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Oklahoma City.

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

Sourced from federal housing data and AffordableHousingOnline.com research.