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

Discover affordable housing in Morganton where there are 21+ 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.

Sienna Apartments

607 Valdese Ave. #100 , Morganton, North Carolina 28655

Village Creek Apartments

1515 S Sterling St, Morganton, North Carolina 28655

Willow Ridge

105 Willow Run Drive, Morganton, North Carolina 28655

Glenwood Hills

1300 Burkemont Ave, Morganton, North Carolina 28655

Willow Run

125 Willow Run Drive, Morganton, North Carolina 28655

The Willows Apartments

405 Old NC 18, Morganton, North Carolina 28655

Millside Manor Apartments

101 Gillam Street, Morganton, North Carolina 28655

Morgan Hills Apartments

906 Jamestown Rd, Morganton, North Carolina 28655

Southmont Apartments

408 W Concord St, Morganton, North Carolina 28655

Meadow Brook

102 Fiddlers Ct, Morganton, North Carolina 28655

Chc of Burke 1

114 W Erwin St, Morganton, North Carolina 28655

Cac of Burke Co.

206 Lenoir St, Morganton, North Carolina 28655

Green Acres Apartments

111 Johnson St, Morganton, North Carolina 28655

Chc of Burke Co. 2

407 N College St, Morganton, North Carolina 28655

Arc Hds Burke Co Gh 1

101 Stephens Dr, Morganton, North Carolina 28655

Arc Hds Burke Co Gh 3

166 Vfw Rd, Morganton, North Carolina 28655

Stonebridge Apartments

151 Stonebridge Dr Apt I, Morganton, North Carolina

Willow Run Llc

405 Old Highway 18, Morganton, North Carolina 28655

Sterling Forest Apartments

Sterling Forest Dr, Morganton, North Carolina 28655

Providence Place

101 Virginia St, Morganton, North Carolina 28655

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Morganton, 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 Morganton, North Carolina Affordable Housing ↓

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

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

How many renters live in Morganton, North Carolina?

The City of Morganton has 17,457 people living in 6,469 households.

There are 7,671 renters living in 3,128 renter households in this City. Renters make up 43.94 percent of the population living in Morganton.

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

There are an estimated 7,234 housing units in the Morganton area. Of these, 3,362 units are rental homes, making up 46 percent of the housing market. For every renter household in Morganton, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Morganton?

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

Occupied Rental Units by Size in Morganton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
30 484 1,689 858 67
Occupied Rental Units by Size in Morganton

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

Among renter households in this market, 43 percent have housing cost burden. Further, 19 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 Morganton

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 Morganton, North Carolina

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

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 7 23 percent
One BR 376 78 percent
Two BR 1,286 76 percent
Rental Units Below FMR in Morganton, North Carolina

How many affordable rental units are in Morganton?

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

Federal Program Unit Count
Low Income Housing Tax Credit 338
Public Housing 247
Section 8 Project-Based Rental Assistance 49
Section 811 Supportive Housing for Persons with Disabilities 26
USDA Section 515 Rural Rental Housing 188
Tracked Units by Federal Program in Morganton, North Carolina

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

Income Based Apartments in Morganton, North Carolina

Morganton features 529 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 Morganton, North Carolina

There are 314 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Morganton.

Housing Choice Vouchers in Morganton, North Carolina

On average, Section 8 Housing Choice vouchers pay Morganton landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Morganton.

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

Sourced from federal housing data and AffordableHousingOnline.com research.