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

Discover affordable housing in Wellford where there are 2+ 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.

Monarch Place Apartments

200 Monarch Pl, Wellford, South Carolina 29385

Woodstream Apartments

313 N Craft St, Wellford, South Carolina 29385

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wellford, South Carolina
$21.61/hour
$14.36 (+198%) more than South Carolina minimum wage and $14.36 (+198%) more than the Federal minimum wage.
Learn More About Wellford, South Carolina Affordable Housing ↓

What HUD offices serve Wellford, 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, Homeownership programs for Wellford, South Carolina.

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

How many renters live in Wellford, South Carolina?

The City of Wellford has 3,330 people living in 1,077 households.

There are 824 renters living in 297 renter households in this City. Renters make up 24.74 percent of the population living in Wellford.

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

There are an estimated 1,122 housing units in the Wellford area. Of these, 297 units are rental homes, making up 26 percent of the housing market. For every renter household in Wellford, South Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Wellford?

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

Occupied Rental Units by Size in Wellford
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 169 128 0
Occupied Rental Units by Size in Wellford

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

Among renter households in this market, 47 percent have housing cost burden. Further, 10 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 Wellford

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $976 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $976
One BR $1,016
Two BR $1,141
Three BR $1,450
Four BR $1,536
2024 Fair Market Rents in Wellford, South Carolina

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

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
Two BR 88 52 percent
Rental Units Below FMR in Wellford, South Carolina

How many affordable rental units are in Wellford?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Wellford, South Carolina

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

Income Based Apartments in Wellford, South Carolina

Wellford 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 Wellford, South Carolina

There are 88 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wellford.

Housing Choice Vouchers in Wellford, South Carolina

On average, Section 8 Housing Choice vouchers pay Wellford landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Wellford.

The maximum amount a voucher would pay on behalf of a low-income tenant in Wellford, South Carolina for a two-bedroom apartment is between $1,027 and $1,255.

Sourced from federal housing data and AffordableHousingOnline.com research.