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

Discover affordable housing in Troy where there are 47+ 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.

O'Neil Apartments

2121 6th Ave, Troy, New York 12180

bed Studio-1
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Burns Apartments

720 Federal St., Troy, New York 12180

bed 1
payment Subsidized

Martin Luther King

41 Eddys Ln, Troy, New York 12180

switch_access_shortcut Short Wait
accessibility Accessible

Hudson Arthaus

621 River Street , Troy, New York 12180

bed 1-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Monument Square Apartments

2 1st St, Troy, New York 12180

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Diamond Rock Terrace

11 Gurley Ave, Troy, New York 12182

bed 1-2
switch_access_shortcut Short Wait
accessibility Accessible

Lansingburgh Apartments

41 114th St, Troy, New York 12182

bed Studio-1
payment Subsidized

The Valley Green

25 Morrison Ave, Troy, New York 12180

bed 1
payment $850/mo.

221 Stow Ave., Hudson Terrace Apts.

221 Stow Ave, Troy, New York 12180

bed 2
payment $1371/mo.

Cedar Park Apartments

2500 Lavin Ct, Troy, New York 12180

bed 2
payment $1228/mo.

21 124th St Unit Apt 3

21 124th St Unit Apt 3, Troy, New York 12182

bed 3
payment $1200/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

126 4th St Unit 1

126 4th St Unit 1, Troy, New York 12180

bed 2
payment $750/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

45 Ida St

45 Ida St, Troy, New York 12180

bed 2
payment $1200/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

649 4th St

649 4th St, Troy, New York 12180

bed 3
payment $1200/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

110 Williams Street Aly Unit Rear loft

110 Williams Street Aly Unit Rear loft, Troy, New York 12180

bed 2
payment $1200/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

686 3rd Ave

686 3rd Ave, Troy, New York 12182

bed 2
payment $1200/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

377 Congress St Unit Apt 2

377 Congress St Unit Apt 2, Troy, New York 12180

bed 3
payment $1500/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

194 8th St

194 8th St, Troy, New York 12180

bed 1
payment $575/mo.

365 3rd St Unit 3

365 3rd St Unit 3, Troy, New York 12180

bed 4
payment $1500/mo.

255 4th St

255 4th St, Troy, New York 12180

bed 2
payment $1350/mo.

How To Identify Affordable Housing in Troy, New York

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Troy, New York
$26.02/hour
$11.02 (+73%) more than New York minimum wage and $18.77 (+259%) more than the Federal minimum wage.
Learn More About Troy, New York Affordable Housing ↓

What HUD offices serve Troy, 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, Section 8 Project-Based Voucher (PBV), Rental Assistance Demonstration (RAD), Moderate Rehabilitation programs for Troy, New York.

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

How many renters live in Troy, New York?

The City of Troy has people living in households.

There are renters living in renter households in this City. Renters make up 57.42 percent of the population living in Troy.

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

There are an estimated housing units in the Troy area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Troy, New York, there are 1.09 rental units.

What is the vacancy rate for rentals in Troy?

The rental vacancy rate in Troy is 7 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 Troy for each bedroom size?

Occupied Rental Units by Size in Troy
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
520 4,007 5,668 2,979 712
Occupied Rental Units by Size in Troy

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

How Much Is Rent in Troy

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,011 to $1,830. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,011
One BR $1,131
Two BR $1,374
Three BR $1,661
Four BR $1,830
2024 Fair Market Rents in Troy, New York

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

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 349 67 percent
One BR 2,449 61 percent
Two BR 4,003 71 percent
Rental Units Below FMR in Troy, New York

How many affordable rental units are in Troy?

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

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

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

Income Based Apartments in Troy, New York

Troy features 1,817 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 Troy, New York

There are 357 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Troy.

Housing Choice Vouchers in Troy, New York

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Troy, New York for a two-bedroom apartment is between $1,237 and $1,511.

Sourced from federal housing data and AffordableHousingOnline.com research.

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