Low Income Apartments and Affordable Housing For Rent in Albany, OR

Discover affordable housing in Albany where there are 27+ 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.

Millwood Manor Apartments

2550 14th Ave SE # 14, Albany, Oregon 97322

bed 1
payment Subsidized

Santiam Terrace Apartments

855 Chicago St SE, Albany, Oregon 97322

bed Studio-1
payment Subsidized

Hillhouse Apartments

1900 Hill St SE, Albany, Oregon 97322

bed 1-5
payment Subsidized

Oak Plaza

1265 Salem Ave SE, Albany, Oregon 97321

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Sunset Village

333 NW Hickory St, Albany, Oregon 97321

bed 1-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

College Green Duplexes

6223 Weldon Ct SW, Albany, Oregon 97321

bed 2
payment $1499/mo.

225 SE 6th Ave

225 SE 6th Ave, Albany, Oregon 97321

bed 1
payment $1150/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

405 NE Denver St Unit A

405 NE Denver St Unit A, Albany, Oregon 97321

bed 4
payment $2495/mo.

2525 Pine Ln SE

2525 Pine Ln SE, Albany, Oregon 97322

bed 2
payment $1295/mo.

627 3rd St Unit 2

627 3rd St Unit 2, Albany, Oregon 97321

bed 2
payment $1325/mo.

1220 Old Oak Pl SE

1220 Old Oak Pl SE, Albany, Oregon 97322

bed 3
payment $1550/mo.

627 3rd St Unit 5

627 3rd St Unit 5, Albany, Oregon 97321

bed 2
payment $1325/mo.

420-422 SE Madison St Unit 422

420-422 SE Madison St Unit 422, Albany, Oregon 97321

bed 2
payment $1550/mo.

627 3rd St Unit 1

627 3rd St Unit 1, Albany, Oregon 97321

bed 2
payment $1325/mo.

2100 Jefferson St SE

2100 Jefferson St SE, Albany, Oregon 97322

bed 2
payment $1350/mo.

347-349 SE Chicago St Unit 349

347-349 SE Chicago St Unit 349, Albany, Oregon 97322

bed 3
payment $1650/mo.

Brooklawn Apartments

2070 Queen Ave SW, Albany, Oregon 97321

switch_access_shortcut Short Wait
accessibility Accessible

River View Place Apartments

635 3rd Ave SW, Albany, Oregon 97321

switch_access_shortcut Short Wait
accessibility Accessible

Clayton Meadows Senior Apartments

2080 Queen Ave SW, Albany, Oregon 97322

switch_access_shortcut Short Wait
accessibility Accessible

Songbird Village

215 21st St SE, Albany, Oregon 97322

switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Albany, Oregon

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Albany, Oregon
$26.21/hour
$13.01 (+99%) more than Oregon minimum wage and $18.96 (+262%) more than the Federal minimum wage.
Learn More About Albany, Oregon Affordable Housing ↓

How many renters live in Albany, Oregon?

The City of Albany has people living in households.

There are renters living in renter households in this City. Renters make up 35.81 percent of the population living in Albany.

What is the rental market like in Albany, Oregon?

There are an estimated housing units in the Albany area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Albany, Oregon, there are 1.03 rental units.

What is the vacancy rate for rentals in Albany?

The rental vacancy rate in Albany is 3 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 Albany for each bedroom size?

Occupied Rental Units by Size in Albany
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
489 1,738 4,160 1,922 216
Occupied Rental Units by Size in Albany

A large number of apartments in Albany have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Albany

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,192 to $2,495. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,192
One BR $1,236
Two BR $1,570
Three BR $2,212
Four BR $2,495
2024 Fair Market Rents in Albany, Oregon

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

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 341 70 percent
One BR 1,044 60 percent
Two BR 2,788 67 percent
Rental Units Below FMR in Albany, Oregon

How many affordable rental units are in Albany?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in Albany, Oregon

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

Income Based Apartments in Albany, Oregon

Albany features 162 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 Albany, Oregon

There are 338 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Albany.

Housing Choice Vouchers in Albany, Oregon

On average, Section 8 Housing Choice vouchers pay Albany landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Albany.

The maximum amount a voucher would pay on behalf of a low-income tenant in Albany, Oregon for a two-bedroom apartment is between $1,246 and $1,522.

Sourced from federal housing data and AffordableHousingOnline.com research.

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