Low Income Apartments and Affordable Housing For Rent in Noank, CT

Discover affordable housing in Noank where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Mystic River Homes

201 Elm St, Noank, Connecticut 06340

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Noank, Connecticut
$29.47/hour
$13.78 (+88%) more than Connecticut minimum wage and $22.22 (+306%) more than the Federal minimum wage.
Learn More About Noank, Connecticut Affordable Housing ↓

How many renters live in Noank, Connecticut?

The City of Noank has 1,708 people living in 780 households.

There are 163 renters living in 130 renter households in this City. Renters make up 9.54 percent of the population living in Noank.

What is the rental market like in Noank, Connecticut?

There are an estimated 899 housing units in the Noank area. Of these, 154 units are rental homes, making up 17 percent of the housing market. For every renter household in Noank, Connecticut, there are 1 rental units.

What is the vacancy rate for rentals in Noank?

The rental vacancy rate in Noank is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Noank for each bedroom size?

Occupied Rental Units by Size in Noank
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 32 69 13 0
Occupied Rental Units by Size in Noank

A large number of apartments in Noank have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Noank are overburdened by housing costs?

Among renter households in this market, 28 percent have housing cost burden. Further, 10 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Noank

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,055 to $2,625. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,055
One BR $1,263
Two BR $1,556
Three BR $2,030
Four BR $2,625
2024 Fair Market Rents in Noank, Connecticut

How many units are rented at Fair Market Rent (FMR) in Noank?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 0 100 percent
One BR 30 94 percent
Two BR 37 54 percent
Rental Units Below FMR in Noank, Connecticut

How many affordable rental units are in Noank?

There are a variety of federal affordable housing programs serving households in Noank, Connecticut including the following:

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 46
Tracked Units by Federal Program in Noank, Connecticut

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Noank, Connecticut

Noank features 46 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 Noank, Connecticut

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

Housing Choice Vouchers in Noank, Connecticut

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Noank, Connecticut for a two-bedroom apartment is between $1,400 and $1,712.

Sourced from federal housing data and AffordableHousingOnline.com research.