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Affordable Housing In Stillwater
Payne County, Oklahoma

10 Low Income Apartment Communities In Stillwater

Mockingbird Estates

3006 East 6th Avenue
Stillwater, Oklahoma
Call For Rent
1-2 BR
Accepts Vouchers
62+

Magnolia Ridge

702 South Jardot Road
Stillwater, Oklahoma
$415-555
2-3 BR
Accepts Vouchers

Whispering Hills Apartments

3102 S Main St
Stillwater, Oklahoma
Subsidized

Legacy Park Apartments

498 E Virginia Ave
Stillwater, Oklahoma
Accepts Vouchers

Fair Manor Apartments

1603 N Hartford St
Stillwater, Oklahoma
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Senior Residences of Stillwater

1501 S Main St
Stillwater, Oklahoma
Accepts Vouchers

Boomer Creek Apartments II

320 E McElroy Rd
Stillwater, Oklahoma
Accepts Vouchers

Chapel Ridge

1807 N Hartford St
Stillwater, Oklahoma
Accepts Vouchers

Brookstone Park

Part of Section 12 T19n R2e
Stillwater, Oklahoma
Accepts Vouchers

Roxie Weber Plaza

807 S Lowry St
Stillwater, Oklahoma
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Housing Authorities that serve Stillwater

Housing Authority Programs
Stillwater Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Stillwater, Oklahoma

There are 10 low income housing apartment communities offering 640 affordable apartments for rent in Stillwater, Oklahoma.

Income Based Apartments in Stillwater, Oklahoma

Stillwater features 243 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 Stillwater, Oklahoma

There are 397 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stillwater.

Housing Choice Vouchers in Stillwater, Oklahoma

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Stillwater, Oklahoma for a two-bedroom apartment is between $706 and $862.

2020 Stillwater, Oklahoma Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $640 $644 $784 $1,116 $1,223
Payment Standard Range $576 to $704 $580 to $708 $706 to $862 $1,004 to $1,228 $1,101 to $1,345

Sourced from federal housing data and AffordableHousingOnline.com research.

Stillwater, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 640
Total Housing Units with Rental Assistance 243
Percentage of Housing Units Occupied By Renters 62.65%
Average Renter Household Size 2.14
Average Household Size 2.22
Median Household Income $30,799 ±$2,570
Median Rent $743 ±$37
Percentage Of Renters Overburdened 59.42% ± 4.32pp
Total Population 47,523

Population and Household Demographics

Stillwater is a City in Payne County, Oklahoma with a population of 47,523. There are 18,080 households in the city with an average household size of 2.22 persons. 62.65% of households in Stillwater are renters.

Income and Rent Overburden in Stillwater

The median gross income for households in Stillwater is $30,799 a year, or $2,567 a month. The median rent for the city is $743 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Stillwater, a household making less than $2,477 a month would be considered overburdened when renting an apartment at or above the median rent. 59.42% of households who rent are overburdened in Stillwater.1

Area Median Income In Stillwater

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 Stillwater, the AMI is calculated from all households within Payne County.

In Stillwater, 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 Stillwater

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 HUD Rental Assistance in Stillwater

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,100 $16,910 $21,330 $25,750 $30,170 $34,590 $38,650 $41,150
50% of Median $21,850 $24,950 $28,050 $31,150 $33,650 $36,150 $38,650 $41,150
80% of Median $34,900 $39,900 $44,900 $49,850 $53,850 $57,850 $61,850 $65,850