Affordable Housing In Benton County
Oregon

28 Low Income Apartment Communities In Benton County

Alexander Court

100 SW Alexander Ave
Corvallis, OR
$590-877
1-3 BR
Accessible
HCV Welcome

Walnut Court Apartments

842 NE 2nd St
Corvallis, OR
Call For Rent
Studio-1 BR
62+
HCV Welcome
Subsidized

Hillhouse Apartments

1900 Hill St SE
Albany, OR
Call For Rent
1-5 BR
HCV Welcome
Subsidized

Millwood Manor Apartments

2550 14th Ave SE # 14
Albany, OR
Call For Rent
1 BR
Subsidized

Glenwood Manor Apartments

1687 NW Division St
Corvallis, OR
Call For Rent
1 BR
Subsidized

Seavey Meadows

1099 NE Sorrel Pl
Corvallis, OR
$583
1 BR
HCV Welcome

Santiam Terrace Apartments

855 Chicago St SE
Albany, OR
Call For Rent
Studio-1 BR
HCV Welcome
Subsidized

Larson Commons

2560 SW 3rd St
Corvallis, OR
HCV Welcome

Lancaster Bridge

3384A NE Oxford Cir
Corvallis, OR
HCV Welcome

Camas Commons

5140 SW Meadow Flower Dr
Corvallis, OR
Accessible
HCV Welcome

Guide To Affordable Housing in Benton County, Oregon

According to federal housing data and AffordableHousingOnline.com research, there are 28 low income housing apartment communities offering 954 affordable apartments for rent in Benton County, Oregon. Benton County features 387 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 567 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Benton County.

Benton County, OR Affordable Housing Snapshot

Total Affordable Apartment Properties 28
Total Low Income Apartments 954
Total Housing Units with Rental Assistance 387
Percentage of Housing Units Occupied By Renters 42.46%
Average Renter Household Size 2.30
Average Household Size 2.40
Median Household Income $49,802 ±$1,596
Median Rent $862 ±$16
Percentage Of Renters Overburdened 53.44% ± 2.98pp
Total Population 86,495

Population and Household Demographics

Benton County is a County in Oregon with a population of 86,495. There are 33,840 households in the county with an average household size of 2.40 persons. 42.46% of households in Benton County are renters.

Income and Rent Overburden in Benton County

The median gross income for households in Benton County is $49,802 a year, or $4,150 a month. The median rent for the county is $862 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Benton County, a household making less than $2,873 a month would be considered overburdened when renting an apartment at or above the median rent. 53.44% of households who rent are overburdened in Benton County.1

Area Median Income In Benton County

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.

In Benton County, HUD calculates the Area Median Income for a family of four as $83,700

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 Benton County

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 Benton County HUD Rental Assistance in Benton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,600 $20,100 $22,600 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $29,300 $33,500 $37,700 $41,850 $45,200 $48,550 $51,900 $55,250
80% of Median $46,900 $53,600 $60,300 $66,950 $72,350 $77,700 $83,050 $88,400
Low Income Housing Tax Credits in Benton County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2012, 11 low income apartment communities containing 396 rental apartments have been constructed and made affordable to low income persons in Benton County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Benton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $29,300 $33,500 $37,700 $41,850 $45,200 $48,550 $51,900 $55,250
60% of Median $35,160 $40,200 $45,240 $50,220 $54,240 $58,260 $62,280 $66,300

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Benton County is $45,240 a year, or $3,770 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,770 by 30% to get a maximum rent of $1,131 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $733 $785 $943 $1,088 $1,214 $1,339
60% $879 $942 $1,131 $1,306 $1,457 $1,607
Fair Market Rents in Benton County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$869 $991 $1,177 $1,698 $2,066

Cities In Benton County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Albany 15
Corvallis 13
Adair Village 0
Alpine 0
Alsea 0
Bellfountain 0
Blodgett 0
Kings Valley 0
Monroe 0
Philomath 0
Summit 0