Low Income Apartments For Rent in Stillwater, OK

There are 449 low-income apartments in Stillwater that offer reduced rents to eligible households. Low-income rents in Stillwater, Oklahoma can range from $415 to $555 depending on the number of bedrooms.

Rental assistance programs support 244 low-income homes in Stillwater where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $293 towards rent each month.

Affordable rent data for some communities last confirmed on June 25th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Stillwater, 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
Stillwater Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing
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 Stillwater.

Stillwater, Oklahoma Affordable Housing Data

Income Based Apartments in Stillwater, Oklahoma

Stillwater features 244 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 Stillwater, Oklahoma

There are 449 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stillwater.

Housing Choice Vouchers in Stillwater, Oklahoma

On average, Section 8 Housing Choice vouchers pay Stillwater landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Stillwater.

The maximum amount a voucher would pay on behalf of a low-income tenant in Stillwater, Oklahoma for a two-bedroom apartment is between $878 and $1,074.

2024 Stillwater, 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
Stillwater, Oklahoma Fair Market Rent	$744	$803	$976	$1,375	$1,521
Stillwater, Oklahoma Payment Standard Range	$670 to $818	$723 to $883	$878 to $1,074	$1,238 to $1,513	$1,369 to $1,673

Sourced from federal housing data and AffordableHousingOnline.com research.

Stillwater, OK Affordable Housing Snapshot

Total Affordable Apartment Properties 15

Total Low Income Apartments 697

Total Housing Units with Rental Assistance 244

Percentage of Housing Units Occupied By Renters 62.65%

Average Renter Household Size 2.14

Average Household Size 2.22

Median Household Income $30,799 ±$2,570

Median Rent $743 ±$37

Percentage Of Renters Overburdened 59.42% ± 4.32pp

Total Population 47,523

Total Affordable Apartment Properties	15
Total Low Income Apartments	697
Total Housing Units with Rental Assistance	244
Percentage of Housing Units Occupied By Renters	62.65%
Average Renter Household Size	2.14
Average Household Size	2.22
Median Household Income	$30,799 ±$2,570
Median Rent	$743 ±$37
Percentage Of Renters Overburdened	59.42% ± 4.32pp
Total Population	47,523

Population and Household Demographics

Stillwater is a city in Payne County, Oklahoma with a population of 47,523. There are 18,080 households in the city with an average household size of 2.22 persons. 62.65% of households in Stillwater are renters.

Income and Rent Overburden in Stillwater

The median gross income for households in Stillwater is $30,799 a year, or $2,567 a month. The median rent for the city is $743 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Stillwater, a household making less than $2,477 a month would be considered overburdened when renting an apartment at or above the median rent. 59.42% of households who rent are overburdened in Stillwater.

Area Median Income In Stillwater

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 Stillwater, the AMI is calculated from all households within Payne County.

In Stillwater, HUD calculates the Area Median Income for a family of four as $72,500

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 Stillwater

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 Stillwater

	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 Stillwater AMI may qualify for rental assistance programs that target Extremely Low Income households.	$14,600	$19,720	$24,860	$30,000	$35,140	$40,200	$43,000	$45,750
50% AMI Income Limits Renters earning up to 50% of the Stillwater AMI may qualify for rental assistance programs that target Very Low Income households.	$24,300	$27,750	$31,200	$34,650	$37,450	$40,200	$43,000	$45,750
80% AMI Income Limits Renters earning up to 80% of the Stillwater AMI may qualify for rental assistance programs that target Low Income households.	$38,850	$44,400	$49,950	$55,450	$59,900	$64,350	$68,800	$73,200