Low Income Apartments and Affordable Housing For Rent in Myrtle Beach, SC

Discover affordable housing in Myrtle Beach where there are 19+ 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.

Halyard Bend Apartments

3941 Halyard Way, Myrtle Beach, South Carolina 29579

bed 1-2

Swansgate I, II and III Apartments

1050 Mr. Joe White Ave, Myrtle Beach, South Carolina 29577

bed 1-2

Monticello Park II

1223 Winchester Ct , Myrtle Beach, South Carolina 29577

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Plantation

200 Rittenhouse Rd Unit 33 , Myrtle Beach, South Carolina 29588

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based

Pipers Pointe

1310 Pipers Pointe Ln , Myrtle Beach, South Carolina 29577

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Monticello Park III

1339 Apache Dr , Myrtle Beach, South Carolina 29577

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Bay Pointe Apartments

1401 Mako Ct, Myrtle Beach, South Carolina 29577

bed 2-3

Carolina Oaks Village Apartments

1302 Scarlet Lane, Myrtle Beach, South Carolina 29577

bed 2

Villas at Oleander

3810 Oleander Dr, Myrtle Beach, South Carolina 29557

bed 2

Sandygate Village

1011 Osceola Street, Myrtle Beach, South Carolina 29577

Jefferson Place

6715 Jefferson Pl, Myrtle Beach, South Carolina 29572

switch_access_shortcut Short Wait
elderly Senior
payment Income Based

Monticello Park

1300 Osceola St , Myrtle Beach, South Carolina 29577

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Bay Pointe I

1408 Fisher Dr, Myrtle Beach, South Carolina 29577

The Highlands at Socastee

South Carolina 707, Myrtle Beach, South Carolina 29588

Carver Apartments

1300 Spivey Avenue, Myrtle Beach, South Carolina 29577

switch_access_shortcut Short Wait
payment Income Based

Alliance Inn

1075 Mister Joe White Ave , Myrtle Beach, South Carolina 29577

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Foxtrot Villas

5600 Enterprise Rd, Myrtle Beach, South Carolina

M03waccamawhsg Rh

PO Box 3922, Myrtle Beach, South Carolina 29578

Pinegrove 2

1201 Pinegrove Dr, Myrtle Beach, South Carolina 29577

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Myrtle Beach, South Carolina

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
calendar_today Opened: Nov 1
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Myrtle Beach, South Carolina
$25.78/hour
$18.53 (+256%) more than South Carolina minimum wage and $18.53 (+256%) more than the Federal minimum wage.
Learn More About Myrtle Beach, South Carolina Affordable Housing ↓

What HUD offices serve Myrtle Beach, 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), Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV), Mainstream Voucher programs for Myrtle Beach, South Carolina.

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

How many renters live in Myrtle Beach, South Carolina?

The City of Myrtle Beach has people living in households.

There are renters living in renter households in this City. Renters make up 42.08 percent of the population living in Myrtle Beach.

What is the rental market like in Myrtle Beach, South Carolina?

There are an estimated housing units in the Myrtle Beach area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Myrtle Beach, South Carolina, there are 1.37 rental units.

What is the vacancy rate for rentals in Myrtle Beach?

The rental vacancy rate in Myrtle Beach is 24 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 Myrtle Beach for each bedroom size?

Occupied Rental Units by Size in Myrtle Beach
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
340 1,250 3,051 1,586 153
Occupied Rental Units by Size in Myrtle Beach

A large number of apartments in Myrtle Beach have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Myrtle Beach

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,121 to $2,005. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,121
One BR $1,187
Two BR $1,361
Three BR $1,724
Four BR $2,005
2024 Fair Market Rents in Myrtle Beach, South Carolina

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

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 245 72 percent
One BR 843 67 percent
Two BR 2,138 70 percent
Rental Units Below FMR in Myrtle Beach, South Carolina

How many affordable rental units are in Myrtle Beach?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Tracked Units by Federal Program in Myrtle Beach, South Carolina

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

Income Based Apartments in Myrtle Beach, South Carolina

Myrtle Beach features 383 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 Myrtle Beach, South Carolina

There are 653 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Myrtle Beach.

Housing Choice Vouchers in Myrtle Beach, South Carolina

On average, Section 8 Housing Choice vouchers pay Myrtle Beach landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Myrtle Beach.

The maximum amount a voucher would pay on behalf of a low-income tenant in Myrtle Beach, South Carolina for a two-bedroom apartment is between $1,225 and $1,497.

Sourced from federal housing data and AffordableHousingOnline.com research.