; Low Income Apartments For Rent in Edmond, OK

1932 Lariat Cir

1932 Lariat Cir
Edmond, Oklahoma
$1,450
3 BR

328 E 3rd St

328 E 3rd St
Edmond, Oklahoma
$750
1 BR

19 N Howard St

19 N Howard St
Edmond, Oklahoma
$1,595
4 BR

1812 Three Stars Rd

1812 Three Stars Rd
Edmond, Oklahoma
$1,350
3 BR

8 N Baumann Ave

8 N Baumann Ave
Edmond, Oklahoma
$795
2 BR

1920 Three Stars Rd

1920 Three Stars Rd
Edmond, Oklahoma
$1,350
3 BR

Crownridge Apartments

2500 Thomas Dr
Edmond, Oklahoma
Rent Assisted
LIHTC

Senior Residences of Edmond

1335 E Ayers St
Edmond, Oklahoma
Rent Assisted
LIHTC

Rosewood Manor

800 S Kelly Ave
Edmond, Oklahoma
Rent Assisted
LIHTC

Apple Village Apartments

301 Dennis St
Edmond, Oklahoma
Rent Assisted
LIHTC

Brookstone Park ( Aka Edmond Ho

500 Brad St
Edmond, Oklahoma
Rent Assisted
LIHTC

Milton Terrace

1201 N Fretz Ave
Edmond, Oklahoma
Rent Assisted
LIHTC
Showing Results 16-27

There are 643 low-income apartments in Edmond that offer reduced rents to eligible households.

Rental assistance programs support 403 low-income homes in Edmond where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $366 towards rent each month.

Affordable rent data for some communities last confirmed on July 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Edmond, 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)
Go to the Oklahoma Public Housing and Low-Income Apartments Waiting Lists page for openings near Edmond.

Edmond, Oklahoma Affordable Housing Data

Income Based Apartments in Edmond, Oklahoma

Edmond features 403 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 Edmond, Oklahoma

There are 643 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Edmond.

Housing Choice Vouchers in Edmond, Oklahoma

On average, Section 8 Housing Choice vouchers pay Edmond landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Edmond.

The maximum amount a voucher would pay on behalf of a low-income tenant in Edmond, Oklahoma for a two-bedroom apartment is between $982 and $1,200.

2024 Edmond, 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
Edmond, Oklahoma Fair Market Rent $824 $884 $1,091 $1,454 $1,605
Edmond, Oklahoma Payment Standard Range $742 to $906 $796 to $972 $982 to $1,200 $1,309 to $1,599 $1,445 to $1,766

Sourced from federal housing data and AffordableHousingOnline.com research.

Edmond, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 27
Total Low Income Apartments 1,063
Total Housing Units with Rental Assistance 403
Percentage of Housing Units Occupied By Renters 30.39%
Average Renter Household Size 2.40
Average Household Size 2.61
Median Household Income $71,974 ±$2,601
Median Rent $927 ±$27
Percentage Of Renters Overburdened 47.45% ± 3.87pp
Total Population 86,739

Population and Household Demographics

Edmond is a city in Oklahoma County, Oklahoma with a population of 86,739. There are 32,601 households in the city with an average household size of 2.61 persons. 30.39% of households in Edmond are renters.

Income and Rent Overburden in Edmond

The median gross income for households in Edmond is $71,974 a year, or $5,998 a month. The median rent for the city is $927 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Edmond, a household making less than $3,090 a month would be considered overburdened when renting an apartment at or above the median rent. 47.45% of households who rent are overburdened in Edmond.

Area Median Income In Edmond

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 Edmond, the AMI is calculated from all households within Oklahoma County.

In Edmond, HUD calculates the Area Median Income for a family of four as $86,000

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 Edmond

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 Edmond

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 Edmond AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,100 $20,650 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Edmond AMI may qualify for rental assistance programs that target Very Low Income households.
$30,100 $34,400 $38,700 $43,000 $46,450 $49,900 $53,350 $56,800
80% AMI Income Limits
Renters earning up to 80% of the Edmond AMI may qualify for rental assistance programs that target Low Income households.
$48,200 $55,050 $61,950 $68,800 $74,350 $79,850 $85,350 $90,850