Low Income Apartments and Affordable Housing For Rent in North Slope Borough, AK

Discover affordable housing in North Slope Borough where there are 0+ 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.

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In North Slope Borough, Alaska
$36.00/hour
$24.27 (+207%) more than Alaska minimum wage and $28.75 (+397%) more than the Federal minimum wage.
Learn More About North Slope Borough, Alaska Affordable Housing ↓

How many renters live in North Slope Borough, Alaska?

The County of North Slope Borough has 10,924 people living in 2,168 households.

There are 3,619 renters living in 1,156 renter households in this County. Renters make up 33.13 percent of the population living in North Slope Borough.

What is the rental market like in North Slope Borough, Alaska?

There are an estimated 2,625 housing units in the North Slope Borough area. Of these, 1,237 units are rental homes, making up 47 percent of the housing market. For every renter household in North Slope Borough, Alaska, there are 1 rental units.

What is the vacancy rate for rentals in North Slope Borough?

The rental vacancy rate in North Slope Borough is 5 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 North Slope Borough for each bedroom size?

Occupied Rental Units by Size in North Slope Borough
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
131 277 302 233 203
Occupied Rental Units by Size in North Slope Borough

A large number of apartments in North Slope Borough 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 North Slope Borough are overburdened by housing costs?

Among renter households in this market, 17 percent have housing cost burden. Further, 7 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 North Slope Borough

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,288 to $2,532. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,288
One BR $1,447
Two BR $1,901
Three BR $2,299
Four BR $2,532
2024 Fair Market Rents in North Slope Borough, Alaska

How many units are rented at Fair Market Rent (FMR) in North Slope Borough?

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 99 76 percent
One BR 193 70 percent
Two BR 112 37 percent
Rental Units Below FMR in North Slope Borough, Alaska

How many affordable rental units are in North Slope Borough?

Income Based Apartments in North Slope Borough, Alaska

North Slope Borough 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 North Slope Borough, Alaska

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

Housing Choice Vouchers in North Slope Borough, Alaska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in North Slope Borough, Alaska for a two-bedroom apartment is between $1,711 and $2,091.

Sourced from federal housing data and AffordableHousingOnline.com research.