Low Income Apartments and Affordable Housing For Rent in Radford, VA

Discover affordable housing in Radford 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.

Heather Glen Apartments

1001 Heather Glen Dr, Radford, Virginia 24141

Willow Woods Apartments

222 Allen Ave , Radford, Virginia 24141

Old Leggett Building

1126 E. Main St., Radford, Virginia 24141

New River Overlook Apartments

300 Jeffries Dr, Radford, Virginia 24141

New River Gardens II Apartments

200 Jeffries Dr, Radford, Virginia 24141

New River Gardens Apartments

100 Jeffries Drive, Radford, Virginia 24141

Fairfax Village

300 Fairfax St, Radford, Virginia 24141

Riverbend Apartments

108 Midkiff Ln, Radford, Virginia 24141

Parkview of Radford

101 Duncan Ln, Radford, Virginia 24141

Forest Hills

180 Belview Drive, Radford, Virginia 24141

Ridgewood Place

100 Ridgewood Ln, Radford, Virginia 24141

High Meadows

140 E Main St, Radford, Virginia 24141

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Radford, Virginia
$23.88/hour
$11.88 (+99%) more than Virginia minimum wage and $16.63 (+229%) more than the Federal minimum wage.
Learn More About Radford, Virginia Affordable Housing ↓

What HUD offices serve Radford, Virginia?

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) programs for Radford, Virginia.

Go to the Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Radford.

How many renters live in Radford, Virginia?

The City of Radford has 16,379 people living in 5,467 households.

There are 6,936 renters living in 2,967 renter households in this City. Renters make up 42.35 percent of the population living in Radford.

What is the rental market like in Radford, Virginia?

There are an estimated 6,450 housing units in the Radford area. Of these, 3,626 units are rental homes, making up 56 percent of the housing market. For every renter household in Radford, Virginia, there are 1 rental units.

What is the vacancy rate for rentals in Radford?

The rental vacancy rate in Radford is 7 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 Radford for each bedroom size?

Occupied Rental Units by Size in Radford
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
48 537 1,388 618 297
Occupied Rental Units by Size in Radford

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

Among renter households in this market, 50 percent have housing cost burden. Further, 34 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 Radford

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $993 to $2,140. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $993
One BR $999
Two BR $1,261
Three BR $1,721
Four BR $2,140
2024 Fair Market Rents in Radford, Virginia

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

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 48 100 percent
One BR 436 81 percent
Two BR 919 66 percent
Rental Units Below FMR in Radford, Virginia

How many affordable rental units are in Radford?

There are a variety of federal affordable housing programs serving households in Radford, Virginia including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 443
Section 8 Project-Based Rental Assistance 200
USDA Section 515 Rural Rental Housing 84
Tracked Units by Federal Program in Radford, Virginia

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

Income Based Apartments in Radford, Virginia

Radford features 384 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 Radford, Virginia

There are 132 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Radford.

Housing Choice Vouchers in Radford, Virginia

On average, Section 8 Housing Choice vouchers pay Radford landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Radford.

The maximum amount a voucher would pay on behalf of a low-income tenant in Radford, Virginia for a two-bedroom apartment is between $1,135 and $1,387.

Sourced from federal housing data and AffordableHousingOnline.com research.