Low Income Apartments and Affordable Housing For Rent in Concord, NC

Discover affordable housing in Concord where there are 17+ 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.

Concord Pointe

4400 Concord Pointe Ln SW, Concord, North Carolina 28027

Beechwood Place Apartments

850 S Breeze Ct, Concord, North Carolina 28027

Brooke Pointe Manor

1415 Fairington Dr NW, Concord, North Carolina 28027

Fairington West Apartments

3140 Chapwin Circle, Concord, North Carolina 28027

Wesbury Apartments

200 Bishop Ln, Concord, North Carolina 28025

Camilla Hill

185 Wilkinson Ct SE, Concord, North Carolina 28025

Concord Chase

100 Concord Chase Cir , Concord, North Carolina 28025

Brooke Pointe Apartments

1490 Fairington Dr NW, Concord, North Carolina 28027

Villas at Logan Gardens

210 Booker Dr SW, Concord, North Carolina 28025

CHC Carrabus 2

Ashlyn Dr, Concord, North Carolina 28025

Greens of Concord

1202 Norman Pt, Concord, North Carolina 28025

Wellspring Village

3770 Wellspring Rd SW, Concord, North Carolina 28027

Cac of Cabarrus County 2

210 Misenheimer Dr NW, Concord, North Carolina 28025

Wnc Community Homes 3

495 Tripolis St SE, Concord, North Carolina 28025

Arc Hds Cabarrus Co Gh 3

211 Long Ave NE, Concord, North Carolina 28025

Patriots Pointe at Colonial Hills

3700 Patriots Place Dr, Concord, North Carolina 28025

Chapman

407 Dayvault St SW, Concord, North Carolina 28025

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Concord, North Carolina
$29.43/hour
$22.18 (+306%) more than North Carolina minimum wage and $22.18 (+306%) more than the Federal minimum wage.
Learn More About Concord, North Carolina Affordable Housing ↓

What HUD offices serve Concord, North Carolina?

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 Concord, North Carolina.

Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Concord.

How many renters live in Concord, North Carolina?

The City of Concord has 109,898 people living in 38,750 households.

There are 37,411 renters living in 14,633 renter households in this City. Renters make up 34.04 percent of the population living in Concord.

What is the rental market like in Concord, North Carolina?

There are an estimated 41,988 housing units in the Concord area. Of these, 14,192 units are rental homes, making up 34 percent of the housing market. For every renter household in Concord, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Concord?

The rental vacancy rate in Concord is 12 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 Concord for each bedroom size?

Occupied Rental Units by Size in Concord
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,179 1,812 3,904 2,878 978
Occupied Rental Units by Size in Concord

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

Among renter households in this market, 59 percent have housing cost burden. Further, 24 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 Concord

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,347 to $2,481. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,347
One BR $1,384
Two BR $1,554
Three BR $1,936
Four BR $2,481
2024 Fair Market Rents in Concord, North Carolina

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

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 837 71 percent
One BR 1,514 84 percent
Two BR 3,000 77 percent
Rental Units Below FMR in Concord, North Carolina

How many affordable rental units are in Concord?

There are a variety of federal affordable housing programs serving households in Concord, North Carolina including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 1,175
Public Housing 174
Section 8 Project-Based Rental Assistance 67
Section 202 Supportive Housing for the Elderly 1
Section 811 Supportive Housing for Persons with Disabilities 14
Tracked Units by Federal Program in Concord, North Carolina

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

Income Based Apartments in Concord, North Carolina

Concord features 357 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 Concord, North Carolina

There are 801 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Concord.

Housing Choice Vouchers in Concord, North Carolina

On average, Section 8 Housing Choice vouchers pay Concord landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Concord.

The maximum amount a voucher would pay on behalf of a low-income tenant in Concord, North Carolina for a two-bedroom apartment is between $1,399 and $1,709.

Sourced from federal housing data and AffordableHousingOnline.com research.