; Low Income Apartments For Rent in Boswell, OK
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600 2nd St
Boswell, Oklahoma
Subsidized
Public Housing
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There are 0 low-income apartments in Boswell that offer reduced rents to eligible households.

Rental assistance programs support 18 low-income homes in Boswell where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Boswell, Oklahoma

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
Oklahoma Housing Finance Agency Section 8 Housing Choice Voucher (HCV)
Hugo Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Oklahoma Public Housing and Low-Income Apartments Waiting Lists page for openings near Boswell.

Boswell, Oklahoma Affordable Housing Data

Income Based Apartments in Boswell, Oklahoma

Boswell features 18 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 Boswell, Oklahoma

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

Housing Choice Vouchers in Boswell, Oklahoma

On average, Section 8 Housing Choice vouchers pay Boswell landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Boswell.

The maximum amount a voucher would pay on behalf of a low-income tenant in Boswell, Oklahoma for a two-bedroom apartment is between $802 and $980.

2024 Boswell, Oklahoma 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
Boswell, Oklahoma Fair Market Rent $674 $678 $891 $1,106 $1,187
Boswell, Oklahoma Payment Standard Range $607 to $741 $610 to $746 $802 to $980 $995 to $1,217 $1,068 to $1,306

Sourced from federal housing data and AffordableHousingOnline.com research.

Boswell, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 18
Total Housing Units with Rental Assistance 18
Percentage of Housing Units Occupied By Renters 45.63%
Average Renter Household Size 2.14
Average Household Size 2.29
Median Household Income $21,827 ±$4,432
Median Rent $564 ±$42
Percentage Of Renters Overburdened 47.52% ± 14.57pp
Total Population 707

Population and Household Demographics

Boswell is a city in Choctaw County, Oklahoma with a population of 707. There are 309 households in the city with an average household size of 2.29 persons. 45.63% of households in Boswell are renters.

Income and Rent Overburden in Boswell

The median gross income for households in Boswell is $21,827 a year, or $1,819 a month. The median rent for the city is $564 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Boswell, a household making less than $1,880 a month would be considered overburdened when renting an apartment at or above the median rent. 47.52% of households who rent are overburdened in Boswell.

Area Median Income In Boswell

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 Boswell, the AMI is calculated from all households within Choctaw County.

In Boswell, HUD calculates the Area Median Income for a family of four as $63,400

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 Boswell

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 Boswell

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30% AMI Income Limits
Renters earning up to 30% of the Boswell AMI may qualify for rental assistance programs that target Extremely Low Income households.		 $14,580 $19,720 $24,860 $30,000 $35,140 $39,750 $42,500 $45,250
50% AMI Income Limits
Renters earning up to 50% of the Boswell AMI may qualify for rental assistance programs that target Very Low Income households.		 $24,000 $27,400 $30,850 $34,250 $37,000 $39,750 $42,500 $45,250
80% AMI Income Limits
Renters earning up to 80% of the Boswell AMI may qualify for rental assistance programs that target Low Income households.		 $38,400 $43,850 $49,350 $54,800 $59,200 $63,600 $68,000 $72,350