Cheap Apartments In Benton County
Oregon

Millwood Manor Apartments

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

Glenwood Manor Apartments

1687 NW Division St
Corvallis, OR
1 BR
Subsidized

Janus House

606 SW 5th St
Corvallis, OR
62+
Accessable
Subsidized

Samaritan Village

285 NW 35th St
Corvallis, OR
Subsidized

Hillhouse

1900 Hill St SE
Albany, OR
Subsidized

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.

Understanding Affordable Housing in Benton County, Oregon

Benton County, OR Affordable Housing Snapshot

Total Affordable Apartment Properties28
Total Low Income Apartments887
Total Rent Assisted Apartments395
Percentage of Housing Units Occupied By Renters42.46%
Average Renter Household Size2.30
Total Population86,495
Housing Units33,840
Average Household Size2.40
Median Household Income$49,802 ±$1,596
Median Rent$862 ±$16
Percentage Of Renters Overburdened53.44% ± 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 $84,100

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

Income1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
30% of Median$17,700$20,200$22,750$25,250$29,420$33,740$38,060$42,380
50% of Median$29,450$33,650$37,850$42,050$45,450$48,800$52,150$55,550
80% of Median$47,150$53,850$60,600$67,300$72,700$78,100$83,500$88,850

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.

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

Income1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
50% of Median$29,450$33,650$37,850$42,050$45,450$48,800$52,150$55,550
HERA 50%$30,650$35,000$39,400$43,750$47,250$50,750$54,250$57,750
60% of Median$35,340$40,380$45,420$50,460$54,540$58,560$62,580$66,660
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 $45,420 a year, or $3,785 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,785 by 30% to get a maximum rent of $1,136 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 AMIStudio1 Bed2 Bed3 Bed4 Bed5 Bed
50%$736$789$946$1,094$1,220$1,346
60%$884$947$1,136$1,313$1,464$1,616
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.

2018 Fair Market Rents
StudioOne BRTwo BRThree BRFour BR
$680$801$976$1,420$1,719

Cities In Benton County

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

CityListingsServed By
Albany15
Corvallis13
Adair Village0
Alpine0
Alsea0
Bellfountain0
Blodgett0
Kings Valley0
Monroe0
Philomath0
Summit0