Low Income Apartments and Affordable Housing For Rent in New York City, NY

Discover affordable housing in New York City where there are 750+ 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.

River Park Towers Apartments

55 Richman Plaza, New York City, New York 10453

Terrace Gardens

195 Steuben St, New York City, New York 10304

Shore Hill Apartments

9000 Shore Rd, New York City, New York 11209

Tower West Apartments

65 W 96th St, New York City, New York 10025

Goodwill Terrace

4-21 27th Ave, New York City, New York 11102

Thessalonica Court Apartments

350 Saint Anns Ave, New York City, New York 10454

CLOTH Amsterdam

Multiple Addresses, New York City, New York 10039

BK Westchester Home Buildings

1084 Home St. & 1244 Westchester Ave., New York City, New York 10549

East Village Homes

302 East 2nd Street,, New York City, New York 10009

700 Manida Street

700 Mandia St., New York City, New York 10474

1921 Cortelyou Road

1921 Cortelyou Road, New York City, New York 11226

Bronxview

2885 Marion Ave, New York City, New York 10458

Debevoise Senior Apts

40 Debevoise Street, New York City, New York 11211

Lee Goodwin Residence

1950 Prospect Ave, New York City, New York 10457

Corona Senior Residence

54-17 101st Street, New York City, New York 11368

Dorie Miller Apartments

West 152nd Street, New York City, New York 10031

Lynn's Place

1060 Rev James A Polite Avenue, New York City, New York 10459

Arthur Clinton Apartments

2089 Arthur Avenue, New York City, New York 10457

Markham Gardens

Richmond Terrace, New York City, New York 10310

Grote Street

2311 Southern Blvd, New York City, New York 10460

calendar_today Opened: Jun 8
calendar_today Closes: Jun 8,

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In New York City, New York
$52.12/hour
$37.12 (+247%) more than New York minimum wage and $44.87 (+619%) more than the Federal minimum wage.
Learn More About New York City, New York Affordable Housing ↓

What HUD offices serve New York City, New York?

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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Veteran Affairs Supportive Housing (VASH), Mainstream Voucher programs for New York City, New York.
Operates the Section 8 Housing Choice Voucher (HCV) programs for New York City, New York.
Operates the Section 8 Housing Choice Voucher (HCV), Family Self-Sufficiency, Homeownership programs for New York City, New York.

Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near New York City.

How many renters live in New York City, New York?

The City of New York City has 8,335,897 people living in 3,373,039 households.

There are 5,183,158 renters living in 2,271,037 renter households in this City. Renters make up 62.18 percent of the population living in New York City.

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

There are an estimated 3,679,063 housing units in the New York City area. Of these, 2,364,107 units are rental homes, making up 64 percent of the housing market. For every renter household in New York City, New York, there are 1 rental units.

What is the vacancy rate for rentals in New York City?

The rental vacancy rate in New York City is 3 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 New York City for each bedroom size?

Occupied Rental Units by Size in New York City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
286,622 794,954 760,473 361,963 55,804
Occupied Rental Units by Size in New York City

A large number of apartments in New York City 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 New York City are overburdened by housing costs?

Among renter households in this market, 49 percent have housing cost burden. Further, 28 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 many units are rented at Fair Market Rent (FMR) in New York City?

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 132,924 46 percent
One BR 344,459 43 percent
Two BR 289,949 38 percent
Rental Units Below FMR in New York City, New York

How many affordable rental units are in New York City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 157,767
Public Housing 153,763
Section 8 Project-Based Rental Assistance 62,382
Mod Rehab Project-Based Rental Assistance 1,449
Section 236 Rental Assistance 701
Section 202 Supportive Housing for the Elderly 8,142
Section 811 Supportive Housing for Persons with Disabilities 332
Tracked Units by Federal Program in New York City, New York

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

Income Based Apartments in New York City, New York

New York City features 252,397 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 New York City, New York

There are 133,445 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New York City.

Housing Choice Vouchers in New York City, New York

On average, Section 8 Housing Choice vouchers pay New York City landlords $1,100 per month towards rent. The average voucher holder contributes $400 towards rent in New York City.

The maximum amount a voucher would pay on behalf of a low-income tenant in New York City, New York for a two-bedroom apartment is between $2,477 and $3,027.

Sourced from federal housing data and AffordableHousingOnline.com research.