Low Income Apartments and Affordable Housing For Rent in North Carolina, NC

Discover affordable housing in North Carolina where there are 750+ 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.

South Oak Crossing

7609 Kings Ridge Dr, Charlotte, North Carolina 28217

Walnut Ridge

1611 Royal Foxhound Ln, Raleigh, North Carolina 27610

Whitehall Crossing

2650 Arrowwood Rd, Charlotte, North Carolina 28273

River Haven Apartments

9300 Capital Blvd, Raleigh, North Carolina 27616

Random Woods Apartments

240 E Salisbury Street, Robbins, North Carolina 27325

Wellington Place

1000 WELLINGTON AVE, Wilmington, North Carolina 28401

Applegate Village Apartments

2601 Applegate Way, Sanford, North Carolina 27332

Carolina Gardens Apartments

6001 Mahogany Lane, Kings Mountain, North Carolina 28086

Edgewood Place

1317 W Wilson St #2-D, Tarboro, North Carolina 27886

The Meadows at Brier Creek

11700 Arnold Palmer Dr, Raleigh, North Carolina 27617

The Oaks at Brier Creek

9941 Brier Oak Place, Raleigh, North Carolina 27617

Shepard Greene

626 Shepard School Rd, Zebulon, North Carolina 27597

Cosmo and Lewis Estates

1121-102 Hadley Road, Raleigh, North Carolina 27610

Drew Hills

128 Drew Hills Court, Battlebro, North Carolina 27809

Savannah Place

1519 Savannah Pl, Durham, North Carolina 27713

The Grande at Granite Falls

400 Grand Rock Way, Rolesville, North Carolina 27571

JFK Towers

4900 N Roxboro Road, Durham, North Carolina 27704

Cole Mill Place Apartments

1904 Cole Mill Rd, Durham, North Carolina 27712

Mattamuskeet Village Apartments

32105 US HWY 264 #A-17, Engelhard, North Carolina 27824

Park Terrace

885 Sharon Circle, High Point, North Carolina 27260

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In North Carolina
$30.89/hour
$23.64 (+326%) more than North Carolina minimum wage and $23.64 (+326%) more than the Federal minimum wage.
Learn More About North Carolina Affordable Housing ↓

How many renters live in North Carolina?

The State of North Carolina has 79,864 people living in 34,020 households.

There are 16,809 renters living in 7,383 renter households in this State. Renters make up 21.05 percent of the population living in North Carolina.

What is the rental market like in North Carolina?

There are an estimated 34,190 housing units in the North Carolina area. Of these, 6,866 units are rental homes, making up 20 percent of the housing market. For every renter household in North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in North Carolina?

The rental vacancy rate in North Carolina is 8 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 North Carolina for each bedroom size?

Occupied Rental Units by Size in North Carolina
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
49 581 2,744 2,436 435
Occupied Rental Units by Size in North Carolina

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

Among renter households in this market, 39 percent have housing cost burden. Further, 22 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 many units are rented at Fair Market Rent (FMR) in North Carolina?

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 49 100 percent
One BR 375 65 percent
Two BR 1,947 71 percent
Rental Units Below FMR in North Carolina

How many affordable rental units are in North Carolina?

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

Federal Program Unit Count
Low Income Housing Tax Credit 580
Section 8 Project-Based Rental Assistance 22
USDA Section 515 Rural Rental Housing 276
Tracked Units by Federal Program in North Carolina

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

Income Based Apartments in North Carolina

North Carolina features 83,814 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 North Carolina

There are 63,426 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in North Carolina.

Housing Choice Vouchers in North Carolina

On average, Section 8 Housing Choice vouchers pay North Carolina landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in North Carolina.

The maximum amount a voucher would pay on behalf of a low-income tenant in North Carolina for a two-bedroom apartment is between $1,468 and $1,794.

Sourced from federal housing data and AffordableHousingOnline.com research.