Low Income Apartments and Affordable Housing For Rent in Chestertown, NY

Discover affordable housing in Chestertown 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.

PANTHER MOUNTAIN APARTMENTS

61 PANTHER MOUNTAIN DR, Chestertown, New York 12817

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Chestertown, New York
$24.32/hour
$9.32 (+62%) more than New York minimum wage and $17.07 (+235%) more than the Federal minimum wage.
Learn More About Chestertown, New York Affordable Housing ↓

How many renters live in Chestertown, New York?

The City of Chestertown has 558 people living in 238 households.

There are 218 renters living in 111 renter households in this City. Renters make up 39.07 percent of the population living in Chestertown.

What is the rental market like in Chestertown, New York?

There are an estimated 311 housing units in the Chestertown area. Of these, 129 units are rental homes, making up 41 percent of the housing market. For every renter household in Chestertown, New York, there are 1 rental units.

What is the vacancy rate for rentals in Chestertown?

The rental vacancy rate in Chestertown is 14 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

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

Occupied Rental Units by Size in Chestertown
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 30 73 8 0
Occupied Rental Units by Size in Chestertown

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

Among renter households in this market, 7 percent have housing cost burden. Further, 7 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 Chestertown

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $939 to $1,710. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $939
One BR $1,025
Two BR $1,284
Three BR $1,662
Four BR $1,710
2024 Fair Market Rents in Chestertown, New York

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

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
One BR 30 100 percent
Two BR 73 100 percent
Rental Units Below FMR in Chestertown, New York

How many affordable rental units are in Chestertown?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 4
Tracked Units by Federal Program in Chestertown, New York

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

Income Based Apartments in Chestertown, New York

Chestertown features 4 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 Chestertown, New York

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

Housing Choice Vouchers in Chestertown, New York

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Chestertown, New York for a two-bedroom apartment is between $1,156 and $1,412.

Sourced from federal housing data and AffordableHousingOnline.com research.