Affordable Housing In Benton County
Oregon

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There are 28 low income housing apartment complexes which contain 887 affordable apartments for rent in Benton County, Oregon. Many of these rental apartments are income based housing with about 395 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 380 Project-Based Section 8 subsidized apartments in Benton County. There are 568 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Affordable Apartments in Benton County

Image of Millwood Manor Apartments
2550 14th Ave SE # 14
Albany, Oregon
Millwood Manor Apartments is a 46 unit low income housing apartment community that provides 1 bedroom apartments for rent in Albany.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Project-Based Section 8 Project Based Rental Assistance
Image of Glenwood Manor Apartments
1687 NW Division St
Corvallis, Oregon
Glenwood Manor Apartments is a 60 unit low income housing apartment community that provides 1 bedroom apartments for rent in Corvallis.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Project-Based Section 8 Project Based Rental Assistance
606 SW 5th St
Corvallis, Oregon
Janus House is a 7 unit low income housing apartment community in Corvallis.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Section 202 Supportive Housing for the Elderly Project Based Rental Assistance Senior (62+) Accessible Units
285 NW 35th St
Corvallis, Oregon
Samaritan Village is a 84 unit low income housing apartment community in Corvallis.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Project-Based Section 8 Project Based Rental Assistance
1900 Hill St SE
Albany, Oregon
Hillhouse is a 40 unit low income housing apartment community in Albany.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Project-Based Section 8 Project Based Rental Assistance

Understanding Affordable Housing in Benton County, Oregon

Benton County, OR Affordable Housing Snapshot

Total Affordable Apartment Properties 28
Total Low Income Apartments 887
Total Rent Assisted Apartments 395
Percentage of Housing Units Occupied By Renters 42.46%
Average Renter Household Size 2.30
Total Population 86,495
Housing Units 33,840
Average Household Size 2.40
Median Household Income $49,802 ±$1,596
Median Rent $862 ±$16
Percentage Of Renters Overburdened 53.44% ± 2.98pp

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

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 2.98 percentage points.

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 $87,400

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.

Benton County HUD Rental Assistance Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $17,200 $19,650 $22,100 $24,600 $28,780 $32,960 $37,140 $41,320
50% $28,650 $32,750 $36,850 $40,900 $44,200 $47,450 $50,750 $54,000
80% $45,850 $52,400 $58,950 $65,450 $70,700 $75,950 $81,200 $86,400

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

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.

You can identify apartment communities that participate in the program in Benton County by looking for the tag in the apartment list above. View Apartments.

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.

Benton County Low Income Housing Tax Credit Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $28,650 $32,750 $36,850 $40,900 $44,200 $47,450 $50,750 $54,000
HERA 50% $30,650 $35,000 $39,400 $43,750 $47,250 $50,750 $54,250 $57,750
60% $34,380 $39,300 $44,220 $49,080 $53,040 $56,940 $60,900 $64,800
HERA 60% $36,780 $42,000 $47,280 $52,500 $56,700 $60,900 $65,100 $69,300

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 $44,220 a year, or $3,685 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,685 by 30% to get a maximum rent of $1,106 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 2 Bed 3 Bed 4 Bed 1 Bed 5 Bed
50% $716 $768 $921 $1,064 $1,186 $1,309
60% $860 $921 $1,106 $1,277 $1,424 $1,571
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.

2017 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$619 $750 $930 $1,354 $1,639

Cities In Benton County

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