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

Discover affordable housing in Trumansburg 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.

Juniper Manor

24 Elm St, Trumansburg, New York 14886

Juniper Manor II

20 Elm St, Trumansburg, New York 14886

Trumansburg Country Estates

1110 Parkside Dr, Trumansburg, New York 14886

Trumansburg Country Est

110 Parkside Dr, Trumansburg, New York 14886

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Trumansburg, New York
$31.52/hour
$16.52 (+110%) more than New York minimum wage and $24.27 (+335%) more than the Federal minimum wage.
Learn More About Trumansburg, New York Affordable Housing ↓

How many renters live in Trumansburg, New York?

The City of Trumansburg has 1,485 people living in 737 households.

There are 461 renters living in 290 renter households in this City. Renters make up 31.04 percent of the population living in Trumansburg.

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

There are an estimated 824 housing units in the Trumansburg area. Of these, 312 units are rental homes, making up 38 percent of the housing market. For every renter household in Trumansburg, New York, there are 1 rental units.

What is the vacancy rate for rentals in Trumansburg?

The rental vacancy rate in Trumansburg 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 Trumansburg for each bedroom size?

Occupied Rental Units by Size in Trumansburg
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 101 147 28 14
Occupied Rental Units by Size in Trumansburg

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

Among renter households in this market, 47 percent have housing cost burden. Further, 27 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 Trumansburg

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,311 to $2,229. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,311
One BR $1,434
Two BR $1,664
Three BR $2,056
Four BR $2,229
2024 Fair Market Rents in Trumansburg, New York

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

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 99 98 percent
Two BR 109 74 percent
Rental Units Below FMR in Trumansburg, New York

How many affordable rental units are in Trumansburg?

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

Federal Program Unit Count
Low Income Housing Tax Credit 30
Section 8 Project-Based Rental Assistance 40
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Trumansburg, New York

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

Income Based Apartments in Trumansburg, New York

Trumansburg features 64 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 Trumansburg, New York

There are 44 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Trumansburg.

Housing Choice Vouchers in Trumansburg, New York

On average, Section 8 Housing Choice vouchers pay Trumansburg landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Trumansburg.

The maximum amount a voucher would pay on behalf of a low-income tenant in Trumansburg, New York for a two-bedroom apartment is between $1,498 and $1,830.

Sourced from federal housing data and AffordableHousingOnline.com research.