Low Income Apartments and Affordable Housing For Rent in Connelly Springs, NC

Discover affordable housing in Connelly Springs where there are 2+ 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.

Rutherford Square Apartments

101 Spann Street # 1E, Connelly Springs, North Carolina 28612

College Place Aka Rutherford Square Apartments

Spann St, Connelly Springs, North Carolina 28612

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Connelly Springs, North Carolina
$19.20/hour
$11.95 (+165%) more than North Carolina minimum wage and $11.95 (+165%) more than the Federal minimum wage.
Learn More About Connelly Springs, North Carolina Affordable Housing ↓

What HUD offices serve Connelly Springs, 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), Family Self-Sufficiency, Homeownership, Family Unification Program (FUP) programs for Connelly Springs, North Carolina.

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

How many renters live in Connelly Springs, North Carolina?

The City of Connelly Springs has 2,355 people living in 916 households.

There are 693 renters living in 329 renter households in this City. Renters make up 29.43 percent of the population living in Connelly Springs.

What is the rental market like in Connelly Springs, North Carolina?

There are an estimated 979 housing units in the Connelly Springs area. Of these, 344 units are rental homes, making up 35 percent of the housing market. For every renter household in Connelly Springs, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Connelly Springs?

The rental vacancy rate in Connelly Springs is 4 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 Connelly Springs for each bedroom size?

Occupied Rental Units by Size in Connelly Springs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 5 219 105 0
Occupied Rental Units by Size in Connelly Springs

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

Among renter households in this market, 21 percent have housing cost burden. Further, 13 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 Connelly Springs

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $806 to $1,506. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $806
One BR $834
Two BR $1,014
Three BR $1,314
Four BR $1,506
2024 Fair Market Rents in Connelly Springs, North Carolina

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

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 5 100 percent
Two BR 184 84 percent
Rental Units Below FMR in Connelly Springs, North Carolina

How many affordable rental units are in Connelly Springs?

Income Based Apartments in Connelly Springs, North Carolina

Connelly Springs features 24 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 Connelly Springs, North Carolina

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Connelly Springs.

Housing Choice Vouchers in Connelly Springs, North Carolina

On average, Section 8 Housing Choice vouchers pay Connelly Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Connelly Springs.

The maximum amount a voucher would pay on behalf of a low-income tenant in Connelly Springs, North Carolina for a two-bedroom apartment is between $913 and $1,115.

Sourced from federal housing data and AffordableHousingOnline.com research.