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

Discover affordable housing in Cheraw where there are 9+ 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.

River Birch Apartments

117 Huger Street, Cheraw, South Carolina 29520

West Forest Apartments

300 Moffat Dr, Cheraw, South Carolina 29520

Arrowhead Place Apartments, Inc

1200 State Rd, Cheraw, South Carolina 29520

Chesterfield Courts, Inc

712 State Rd, Cheraw, South Carolina 29520

Cool Breeze Crossing

600 Cool Breeze Crossing Dr, Cheraw, South Carolina 29520

West Pines Apts

113 Clyde Avenue, Cheraw, South Carolina

Gillespie Ingram Motley

100 Fred Harris Dr, Cheraw, South Carolina 29520

Third Street Apartments

106 3rd St, Cheraw, South Carolina 29520

Greystone III Apartments

101 Agerton St, Cheraw, South Carolina 29520

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cheraw, South Carolina
$17.14/hour
$9.89 (+136%) more than South Carolina minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Cheraw, South Carolina Affordable Housing ↓

What HUD offices serve Cheraw, 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, Moving to Work programs for Cheraw, South Carolina.

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

How many renters live in Cheraw, South Carolina?

The City of Cheraw has 5,056 people living in 2,146 households.

There are 2,519 renters living in 1,096 renter households in this City. Renters make up 49.82 percent of the population living in Cheraw.

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

There are an estimated 2,660 housing units in the Cheraw area. Of these, 1,195 units are rental homes, making up 45 percent of the housing market. For every renter household in Cheraw, South Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Cheraw?

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

Occupied Rental Units by Size in Cheraw
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 329 334 280 153
Occupied Rental Units by Size in Cheraw

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

Among renter households in this market, 47 percent have housing cost burden. Further, 26 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 Cheraw

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $714 to $1,291. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $714
One BR $718
Two BR $905
Three BR $1,164
Four BR $1,291
2024 Fair Market Rents in Cheraw, South Carolina

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

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 216 66 percent
Two BR 180 54 percent
Rental Units Below FMR in Cheraw, South Carolina

How many affordable rental units are in Cheraw?

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

Federal Program Unit Count
Low Income Housing Tax Credit 116
Public Housing 213
Section 8 Project-Based Rental Assistance 36
Section 811 Supportive Housing for Persons with Disabilities 16
USDA Section 515 Rural Rental Housing 126
Tracked Units by Federal Program in Cheraw, South Carolina

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

Income Based Apartments in Cheraw, South Carolina

Cheraw features 405 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 Cheraw, South Carolina

There are 62 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cheraw.

Housing Choice Vouchers in Cheraw, South Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cheraw, South Carolina for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.