Low Income Apartments and Affordable Housing For Rent in Irmo, SC

Discover affordable housing in Irmo where there are 3+ 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.

Cinnaberry Pointe

1424 Fork Ave, Irmo, South Carolina 29063

The Pointe at Lake Murray

110 Ballentine Park Road, Irmo, South Carolina 29063

Irmo Village Apartments

700 Chipwood Court, Irmo, South Carolina 29063

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Irmo, South Carolina
$23.60/hour
$16.35 (+226%) more than South Carolina minimum wage and $16.35 (+226%) more than the Federal minimum wage.
Learn More About Irmo, South Carolina Affordable Housing ↓

What HUD offices serve Irmo, South 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, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV), Moderate Rehabilitation, Emergency Housing Voucher (EHV) programs for Irmo, South Carolina.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Irmo, South Carolina.
Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher programs for Irmo, South Carolina.

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

How many renters live in Irmo, South Carolina?

The City of Irmo has 11,685 people living in 4,641 households.

There are 2,478 renters living in 951 renter households in this City. Renters make up 21.21 percent of the population living in Irmo.

What is the rental market like in Irmo, South Carolina?

There are an estimated 5,037 housing units in the Irmo area. Of these, 980 units are rental homes, making up 19 percent of the housing market. For every renter household in Irmo, South Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Irmo?

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

Occupied Rental Units by Size in Irmo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
29 86 133 612 91
Occupied Rental Units by Size in Irmo

A large number of apartments in Irmo 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 Irmo 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 Much Is Rent in Irmo

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,036 to $1,917. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,036
One BR $1,110
Two BR $1,246
Three BR $1,595
Four BR $1,917
2024 Fair Market Rents in Irmo, South Carolina

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

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 2 7 percent
One BR 63 73 percent
Two BR 98 74 percent
Rental Units Below FMR in Irmo, South Carolina

How many affordable rental units are in Irmo?

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

Federal Program Unit Count
Low Income Housing Tax Credit 48
Section 8 Project-Based Rental Assistance 80
Tracked Units by Federal Program in Irmo, South Carolina

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

Income Based Apartments in Irmo, South Carolina

Irmo features 80 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 Irmo, South Carolina

There are 92 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Irmo.

Housing Choice Vouchers in Irmo, South Carolina

On average, Section 8 Housing Choice vouchers pay Irmo landlords $600 per month towards rent. The average voucher holder contributes $500 towards rent in Irmo.

The maximum amount a voucher would pay on behalf of a low-income tenant in Irmo, South Carolina for a two-bedroom apartment is between $1,121 and $1,371.

Sourced from federal housing data and AffordableHousingOnline.com research.