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

Discover affordable housing in Nyack where there are 4+ 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.

Tallman Towers

36 S Broadway, Nyack, New York 10960

Pine Street Homes ( Nyack )

Highview Ct, Nyack, New York 10960

Rockland Gardens

701 Sickles Ave, Nyack, New York 10960

Nyack Plaza Apartments

801 Nyack Plz, Nyack, New York 10960

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Nyack, 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 Nyack, New York Affordable Housing ↓

What HUD offices serve Nyack, 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 programs for Nyack, New York.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Nyack, New York.

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

How many renters live in Nyack, New York?

The City of Nyack has 7,057 people living in 3,257 households.

There are 4,971 renters living in 2,227 renter households in this City. Renters make up 70.44 percent of the population living in Nyack.

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

There are an estimated 3,557 housing units in the Nyack area. Of these, 2,367 units are rental homes, making up 67 percent of the housing market. For every renter household in Nyack, New York, there are 1 rental units.

What is the vacancy rate for rentals in Nyack?

The rental vacancy rate in Nyack is 5 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 Nyack for each bedroom size?

Occupied Rental Units by Size in Nyack
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
159 690 1,074 264 40
Occupied Rental Units by Size in Nyack

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

Among renter households in this market, 47 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 Much Is Rent in Nyack

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $2,386 to $3,700. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $2,386
One BR $2,451
Two BR $2,752
Three BR $3,434
Four BR $3,700
2024 Fair Market Rents in Nyack, New York

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

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 35 22 percent
One BR 96 14 percent
Two BR 156 15 percent
Rental Units Below FMR in Nyack, New York

How many affordable rental units are in Nyack?

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

Federal Program Unit Count
Low Income Housing Tax Credit 144
Section 8 Project-Based Rental Assistance 264
Tracked Units by Federal Program in Nyack, New York

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

Income Based Apartments in Nyack, New York

Nyack features 327 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 Nyack, New York

There are 28 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nyack.

Housing Choice Vouchers in Nyack, New York

On average, Section 8 Housing Choice vouchers pay Nyack landlords $1,000 per month towards rent. The average voucher holder contributes $500 towards rent in Nyack.

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

Sourced from federal housing data and AffordableHousingOnline.com research.