Low Income Apartments and Affordable Housing For Rent in Central Square, NY

Discover affordable housing in Central Square where there are 3+ 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.

Waterworks Landing Senior Apartments

2231 County Route 12, Central Square, New York 13036

Green Acres Apartments

13 Green Acres Dr, Central Square, New York 13036

Meadowview Apartments

800 Meadowview Dr, Central Square, New York 13036

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Central Square, New York
$21.33/hour
$6.33 (+42%) more than New York minimum wage and $14.08 (+194%) more than the Federal minimum wage.
Learn More About Central Square, New York Affordable Housing ↓

How many renters live in Central Square, New York?

The City of Central Square has 2,079 people living in 948 households.

There are 830 renters living in 455 renter households in this City. Renters make up 39.92 percent of the population living in Central Square.

What is the rental market like in Central Square, New York?

There are an estimated 1,002 housing units in the Central Square area. Of these, 455 units are rental homes, making up 45 percent of the housing market. For every renter household in Central Square, New York, there are 1 rental units.

What is the vacancy rate for rentals in Central Square?

The rental vacancy rate in Central Square 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 Central Square for each bedroom size?

Occupied Rental Units by Size in Central Square
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3 211 183 48 10
Occupied Rental Units by Size in Central Square

A large number of apartments in Central Square 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 Central Square are overburdened by housing costs?

Among renter households in this market, 46 percent have housing cost burden. Further, 19 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 Central Square

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $828 to $1,600. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $828
One BR $916
Two BR $1,126
Three BR $1,381
Four BR $1,600
2024 Fair Market Rents in Central Square, New York

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

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 1 33 percent
One BR 198 94 percent
Two BR 127 69 percent
Rental Units Below FMR in Central Square, New York

How many affordable rental units are in Central Square?

There are a variety of federal affordable housing programs serving households in Central Square, New York including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 32
Section 8 Project-Based Rental Assistance 59
USDA Section 515 Rural Rental Housing 238
Tracked Units by Federal Program in Central Square, New York

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

Income Based Apartments in Central Square, New York

Central Square features 238 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 Central Square, New York

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Central Square.

Housing Choice Vouchers in Central Square, New York

On average, Section 8 Housing Choice vouchers pay Central Square landlords $900 per month towards rent. The average voucher holder contributes $300 towards rent in Central Square.

The maximum amount a voucher would pay on behalf of a low-income tenant in Central Square, New York for a two-bedroom apartment is between $1,013 and $1,239.

Sourced from federal housing data and AffordableHousingOnline.com research.