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

Discover affordable housing in Georgetown where there are 12+ 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.

Georgetown Landing

2107 Lincoln Street, Georgetown, South Carolina 29440

Villas at Winyah Bay

2105 Lincoln St, Georgetown, South Carolina 29440

Georgetown Commons

215 Martin St, Georgetown, South Carolina 29440

Westside Apartments

1 McCaffrey Ct, Georgetown, South Carolina 29440

Maryville South Apartments

6 Hinds St, Georgetown, South Carolina 29440

Hickory Knoll

2800 Church St, Georgetown, South Carolina 29440

Millner Elderly Housing, Inc

200 Montford Dr, Georgetown, South Carolina 29440

Plantation Apartments

185 Montford Dr, Georgetown, South Carolina 29440

Bethel Apartments Inc

1810 Gilbert Street, Georgetown, South Carolina 29440

Bay Side Apartments

225 Martin Street, Georgetown, South Carolina

Place-By-The-Bay

301 Martin Street, Georgetown, South Carolina

Andrew S Partin

1604 Duke St, Georgetown, South Carolina 29440

calendar_today Opened: Nov 3
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Georgetown, South Carolina
$21.10/hour
$13.85 (+191%) more than South Carolina minimum wage and $13.85 (+191%) more than the Federal minimum wage.
Learn More About Georgetown, South Carolina Affordable Housing ↓

What HUD offices serve Georgetown, 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 programs for Georgetown, South Carolina.

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

How many renters live in Georgetown, South Carolina?

The City of Georgetown has 8,465 people living in 3,670 households.

There are 2,298 renters living in 1,153 renter households in this City. Renters make up 27.15 percent of the population living in Georgetown.

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

There are an estimated 4,418 housing units in the Georgetown area. Of these, 1,153 units are rental homes, making up 26 percent of the housing market. For every renter household in Georgetown, South Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Georgetown?

The rental vacancy rate in Georgetown is 0 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 Georgetown for each bedroom size?

Occupied Rental Units by Size in Georgetown
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 285 339 529 0
Occupied Rental Units by Size in Georgetown

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

Among renter households in this market, 56 percent have housing cost burden. Further, 24 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 Georgetown

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $842 to $1,582. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $842
One BR $848
Two BR $1,114
Three BR $1,478
Four BR $1,582
2024 Fair Market Rents in Georgetown, South Carolina

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

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 213 75 percent
Two BR 296 87 percent
Rental Units Below FMR in Georgetown, South Carolina

How many affordable rental units are in Georgetown?

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

Federal Program Unit Count
Low Income Housing Tax Credit 250
Public Housing 251
Section 8 Project-Based Rental Assistance 45
USDA Section 515 Rural Rental Housing 202
Tracked Units by Federal Program in Georgetown, South Carolina

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

Income Based Apartments in Georgetown, South Carolina

Georgetown features 445 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 Georgetown, South Carolina

There are 250 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Georgetown.

Housing Choice Vouchers in Georgetown, South Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Georgetown, South Carolina for a two-bedroom apartment is between $1,003 and $1,225.

Sourced from federal housing data and AffordableHousingOnline.com research.