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

Discover affordable housing in Poteau where there are 7+ 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.

SavannahPark of Poteau Apartments

203 Lacey Lane, Poteau, Oklahoma 74953

Dancing Rabbit

100 Hina Aiokpanchi, Poteau, Oklahoma 74953

Savannah Park of Poteau

203 Lacey Lane, Poteau, Oklahoma

Garden Walk Leflore

1003 Tarby Rd, Poteau, Oklahoma 74953

Lacey Lane Apartments

Lacey Ln, Poteau, Oklahoma 74953

North Pointe Apartments

210 Lacey Ln, Poteau, Oklahoma 74953

El Conquistador Apartments

101 Michelle Dr, Poteau, Oklahoma 74953

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

What HUD offices serve Poteau, 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 Poteau, Oklahoma.

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

How many renters live in Poteau, Oklahoma?

The City of Poteau has 8,852 people living in 3,141 households.

There are 3,407 renters living in 1,284 renter households in this City. Renters make up 38.49 percent of the population living in Poteau.

What is the rental market like in Poteau, Oklahoma?

There are an estimated 3,582 housing units in the Poteau area. Of these, 1,359 units are rental homes, making up 38 percent of the housing market. For every renter household in Poteau, Oklahoma, there are 1 rental units.

What is the vacancy rate for rentals in Poteau?

The rental vacancy rate in Poteau is 4 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 Poteau for each bedroom size?

Occupied Rental Units by Size in Poteau
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 132 499 622 31
Occupied Rental Units by Size in Poteau

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

Among renter households in this market, 38 percent have housing cost burden. Further, 21 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 Poteau

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 Poteau, Oklahoma

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

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 99 75 percent
Two BR 375 75 percent
Rental Units Below FMR in Poteau, Oklahoma

How many affordable rental units are in Poteau?

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

Federal Program Unit Count
Low Income Housing Tax Credit 236
Section 202 Supportive Housing for the Elderly 23
USDA Section 515 Rural Rental Housing 101
Tracked Units by Federal Program in Poteau, Oklahoma

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

Income Based Apartments in Poteau, Oklahoma

Poteau features 116 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 Poteau, Oklahoma

There are 101 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Poteau.

Housing Choice Vouchers in Poteau, Oklahoma

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.