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

Discover affordable housing in Cotton County where there are 5+ 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.

Park Plaza Village Lp

401 School Rd, Temple, Oklahoma 73568

Park Plaza Village

401 Cemetary Rd, Temple, Oklahoma 73568

108 McClain Dr

108 McClain Dr, Temple, Oklahoma 73568

504 E California St

504 E California St, Walters, Oklahoma 73572

Heritage Village CO Western Prop

406 W Indiana St, Walters, Oklahoma 73572

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

What HUD offices serve Cotton 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 Cotton County, Oklahoma.

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

How many renters live in Cotton County, Oklahoma?

The County of Cotton County has 5,537 people living in 2,022 households.

There are 1,137 renters living in 465 renter households in this County. Renters make up 20.53 percent of the population living in Cotton County.

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

There are an estimated 2,712 housing units in the Cotton County area. Of these, 532 units are rental homes, making up 20 percent of the housing market. For every renter household in Cotton County, Oklahoma, there are 1 rental units.

What is the vacancy rate for rentals in Cotton County?

The rental vacancy rate in Cotton County is 10 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 Cotton County for each bedroom size?

Occupied Rental Units by Size in Cotton County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4 39 155 256 7
Occupied Rental Units by Size in Cotton County

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

Among renter households in this market, 32 percent have housing cost burden. Further, 17 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 Cotton County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $690 to $1,187. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $690
One BR $694
Two BR $891
Three BR $1,077
Four BR $1,187
2024 Fair Market Rents in Cotton County, Oklahoma

How many units are rented at Fair Market Rent (FMR) in Cotton 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 4 100 percent
One BR 35 90 percent
Two BR 99 64 percent
Rental Units Below FMR in Cotton County, Oklahoma

How many affordable rental units are in Cotton County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
Public Housing 62
USDA Section 515 Rural Rental Housing 38
Tracked Units by Federal Program in Cotton County, Oklahoma

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

Income Based Apartments in Cotton County, Oklahoma

Cotton County features 114 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 Cotton County, Oklahoma

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

Housing Choice Vouchers in Cotton County, Oklahoma

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.