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

Discover affordable housing in Knightdale where there are 6+ 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.

Westgate Village Apartments

113 Sills Avenue, Knightdale, North Carolina 27545

Mingo Village Apartments

2371 Federer Dr, Knightdale, North Carolina 27545

Park Place Apartments I

100 McKnight Dr, Knightdale, North Carolina 27545

Park Place Apartments Phase II

107 Luxury Ln, Knightdale, North Carolina 27545

Park Place II 00238615

Mcknight St, Knightdale, North Carolina 27609

Park Place Apartments, Phase I

309 Electric Ave, Knightdale, North Carolina 27545

calendar_today Opened: May 1
calendar_today Closed: Oct 31,

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Knightdale, North Carolina
$31.17/hour
$23.92 (+330%) more than North Carolina minimum wage and $23.92 (+330%) more than the Federal minimum wage.
Learn More About Knightdale, North Carolina Affordable Housing ↓

What HUD offices serve Knightdale, 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 Knightdale, North Carolina.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Public Housing Homeownership, Family Self-Sufficiency programs for Knightdale, North Carolina.

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

How many renters live in Knightdale, North Carolina?

The City of Knightdale has 19,127 people living in 7,436 households.

There are 6,490 renters living in 2,567 renter households in this City. Renters make up 33.93 percent of the population living in Knightdale.

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

There are an estimated 7,714 housing units in the Knightdale area. Of these, 2,680 units are rental homes, making up 35 percent of the housing market. For every renter household in Knightdale, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Knightdale?

The rental vacancy rate in Knightdale is 3 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 Knightdale for each bedroom size?

Occupied Rental Units by Size in Knightdale
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
122 264 1,142 926 85
Occupied Rental Units by Size in Knightdale

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

Among renter households in this market, 54 percent have housing cost burden. Further, 21 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 Knightdale

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,427 to $2,711. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,427
One BR $1,466
Two BR $1,646
Three BR $2,035
Four BR $2,711
2024 Fair Market Rents in Knightdale, North Carolina

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

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 66 54 percent
One BR 255 97 percent
Two BR 781 68 percent
Rental Units Below FMR in Knightdale, North Carolina

How many affordable rental units are in Knightdale?

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

Federal Program Unit Count
Low Income Housing Tax Credit 272
USDA Section 515 Rural Rental Housing 36
Tracked Units by Federal Program in Knightdale, North Carolina

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

Income Based Apartments in Knightdale, North Carolina

Knightdale features 36 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 Knightdale, North Carolina

There are 276 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Knightdale.

Housing Choice Vouchers in Knightdale, North Carolina

On average, Section 8 Housing Choice vouchers pay Knightdale landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Knightdale.

The maximum amount a voucher would pay on behalf of a low-income tenant in Knightdale, North Carolina for a two-bedroom apartment is between $1,481 and $1,811.

Sourced from federal housing data and AffordableHousingOnline.com research.