; Low Income Apartments For Rent in Parma, OH

Apply to Parma Apartment Waiting Lists

Mil West

6905 Ridge Rd
Parma, Ohio
Subsidized
Senior
S. 202
BMIR

Shevchenko Manor

5620 W 24th St
Parma, Ohio
Subsidized
Senior
S. 202

Pine Tree Vistas

6905 Ridge Road
Parma, Ohio

Chesterfield Terrace

6500 Powers Blvd
Parma, Ohio
1 BR

Chevybrook Estates

5623 Chevrolet Blvd
Parma, Ohio
Subsidized
PBV
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There are 0 low-income apartments in Parma that offer reduced rents to eligible households.

Rental assistance programs support 164 low-income homes in Parma where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $343 towards rent each month.

Affordable rent data for some communities last confirmed on April 10th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Parma, Ohio

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Cuyahoga Metropolitan Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Emerald Development And Economic Network Mainstream Voucher; Shelter Plus Care
North Coast Housing Connections Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Voucher (PBV)
Go to the Ohio Public Housing and Low-Income Apartments Waiting Lists page for openings near Parma.

Parma, Ohio Affordable Housing Data

Income Based Apartments in Parma, Ohio

Parma features 164 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 Parma, Ohio

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Parma.

Housing Choice Vouchers in Parma, Ohio

On average, Section 8 Housing Choice vouchers pay Parma landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Parma.

The maximum amount a voucher would pay on behalf of a low-income tenant in Parma, Ohio for a two-bedroom apartment is between $997 and $1,219.

2024 Parma, Ohio 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
Parma, Ohio Fair Market Rent $811 $913 $1,108 $1,434 $1,527
Parma, Ohio Payment Standard Range $730 to $892 $822 to $1,004 $997 to $1,219 $1,291 to $1,577 $1,374 to $1,680

Sourced from federal housing data and AffordableHousingOnline.com research.

Parma, OH Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 164
Total Housing Units with Rental Assistance 164
Percentage of Housing Units Occupied By Renters 26.75%
Average Renter Household Size 2.21
Average Household Size 2.37
Median Household Income $50,440 ±$1,131
Median Rent $748 ±$18
Percentage Of Renters Overburdened 43.46% ± 3.61pp
Total Population 80,380

Population and Household Demographics

Parma is a city in Cuyahoga County, Ohio with a population of 80,380. There are 33,393 households in the city with an average household size of 2.37 persons. 26.75% of households in Parma are renters.

Income and Rent Overburden in Parma

The median gross income for households in Parma is $50,440 a year, or $4,203 a month. The median rent for the city is $748 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Parma, a household making less than $2,493 a month would be considered overburdened when renting an apartment at or above the median rent. 43.46% of households who rent are overburdened in Parma.

Area Median Income In Parma

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 Parma, the AMI is calculated from all households within Cuyahoga County.

In Parma, HUD calculates the Area Median Income for a family of four as $94,000

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 Parma

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 Parma

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Parma AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,000 $21,700 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Parma AMI may qualify for rental assistance programs that target Very Low Income households.
$31,650 $36,200 $40,700 $45,200 $48,850 $52,450 $56,050 $59,700
80% AMI Income Limits
Renters earning up to 80% of the Parma AMI may qualify for rental assistance programs that target Low Income households.
$50,650 $57,850 $65,100 $72,300 $78,100 $83,900 $89,700 $95,450