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

Discover affordable housing in Swansea where there are 1+ 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.

Swansea Apartments, Lp

295 N Lawrence Ave, Swansea, South Carolina 29160

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

What HUD offices serve Swansea, 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 Swansea, South Carolina.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Swansea, South Carolina.
Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher programs for Swansea, South Carolina.

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

How many renters live in Swansea, South Carolina?

The City of Swansea has 739 people living in 321 households.

There are 381 renters living in 137 renter households in this City. Renters make up 51.56 percent of the population living in Swansea.

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

There are an estimated 436 housing units in the Swansea area. Of these, 159 units are rental homes, making up 36 percent of the housing market. For every renter household in Swansea, South Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Swansea?

The rental vacancy rate in Swansea is 9 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 Swansea for each bedroom size?

Occupied Rental Units by Size in Swansea
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 11 59 50 17
Occupied Rental Units by Size in Swansea

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

Among renter households in this market, 30 percent have housing cost burden. Further, 16 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 Swansea

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 Swansea, South Carolina

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

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 11 100 percent
Two BR 55 93 percent
Rental Units Below FMR in Swansea, South Carolina

How many affordable rental units are in Swansea?

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

Federal Program Unit Count
Low Income Housing Tax Credit 40
Tracked Units by Federal Program in Swansea, South Carolina

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

Income Based Apartments in Swansea, South Carolina

Swansea features 0 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 Swansea, South Carolina

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Swansea.

Housing Choice Vouchers in Swansea, South Carolina

On average, Section 8 Housing Choice vouchers pay Swansea landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Swansea.

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

Sourced from federal housing data and AffordableHousingOnline.com research.