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Low Income Apartments and Affordable Housing For Rent in Craig County, VA

Discover affordable housing in Craig County 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.

Image of New Castle Manor

New Castle Manor

248 Chilton St, New Castle, Virginia 24127

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 Craig County, Virginia

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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Craig County, Virginia
$20.61/hour
$8.61 (+72%) more than Virginia minimum wage and $13.36 (+184%) more than the Federal minimum wage.
Learn More About Craig County, Virginia Affordable Housing ↓

What HUD offices serve Craig County, 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.

Virginia Housing
Operates the Section 8 Housing Choice Voucher (HCV) programs for Craig County, Virginia.
Housing Connections
Operates the Section 8 Housing Choice Voucher (HCV) programs for Craig County, Virginia.

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

How many renters live in Craig County, Virginia?

The County of Craig County has people living in households.

There are renters living in renter households in this County. Renters make up 13.17 percent of the population living in Craig County.

What is the rental market like in Craig County, Virginia?

There are an estimated housing units in the Craig County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Craig County, Virginia, there are 1.12 rental units.

What is the vacancy rate for rentals in Craig County?

The rental vacancy rate in Craig County is 11 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 Craig County for each bedroom size?

Occupied Rental Units by Size in Craig County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 1 253 91 0
Occupied Rental Units by Size in Craig County

A large number of apartments in Craig County 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 Craig County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $811 to $1,760. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $811
One BR $894
Two BR $1,088
Three BR $1,513
Four BR $1,760
2024 Fair Market Rents in Craig County, Virginia

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

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 1 100 percent
Two BR 222 88 percent
Rental Units Below FMR in Craig County, Virginia

How many affordable rental units are in Craig County?

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

Federal Program Unit Count
Low Income Housing Tax Credit
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Craig County, Virginia

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

Income Based Apartments in Craig County, Virginia

Craig County features 34 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 Craig County, Virginia

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Craig County.

Housing Choice Vouchers in Craig County, Virginia

On average, Section 8 Housing Choice vouchers pay Craig County landlords $700 per month towards rent. The average voucher holder contributes $200 towards rent in Craig County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Craig County, Virginia for a two-bedroom apartment is between $979 and $1,197.

Sourced from federal housing data and AffordableHousingOnline.com research.