Low Income Apartments and Affordable Housing For Rent in Globe, AZ

Discover affordable housing in Globe where there are 6+ 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.

Madera Peak Vista

1039 E Saguaro Dr, Globe, Arizona 85501

bed 1-2

Pinal Mountain Apartments

979 E Saguaro Dr, Globe, Arizona 85501

Cobre Village Apartments

2186 N Escudilla Dr, Globe, Arizona 85501

bed 2-3

877 E Sycamore St

877 E Sycamore St, Globe, Arizona 85501

bed 1
payment $700/mo.

610 S Broad St Unit 1

610 S Broad St Unit 1, Globe, Arizona 85501

bed 1
payment $900/mo.

610 N Broad St Unit 2

610 N Broad St Unit 2, Globe, Arizona 85501

bed 1
payment $900/mo.

How To Identify Affordable Housing in Globe, Arizona

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 Globe, Arizona
$9.55 (+67%) more than Arizona minimum wage and $16.65 (+230%) more than the Federal minimum wage.
Learn More About Globe, Arizona Affordable Housing ↓

What HUD offices serve Globe, Arizona?

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 Globe, Arizona.

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

How many renters live in Globe, Arizona?

The City of Globe has 7,230 people living in 3,004 households.

There are 2,266 renters living in 1,048 renter households in this City. Renters make up 31.34 percent of the population living in Globe.

What is the rental market like in Globe, Arizona?

There are an estimated 3,483 housing units in the Globe area. Of these, 1,048 units are rental homes, making up 30 percent of the housing market. For every renter household in Globe, Arizona, there are 1 rental units.

What is the vacancy rate for rentals in Globe?

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

Occupied Rental Units by Size in Globe
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
31 320 421 241 35
Occupied Rental Units by Size in Globe

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

Among renter households in this market, 37 percent have housing cost burden. Further, 24 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 Globe

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $855 to $1,846. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $855
One BR $960
Two BR $1,262
Three BR $1,778
Four BR $1,846
2024 Fair Market Rents in Globe, Arizona

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

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 31 100 percent
One BR 203 63 percent
Two BR 255 61 percent
Rental Units Below FMR in Globe, Arizona

How many affordable rental units are in Globe?

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

Federal Program Unit Count
Low Income Housing Tax Credit 58
Tracked Units by Federal Program in Globe, Arizona

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

Income Based Apartments in Globe, Arizona

Globe features 46 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 Globe, Arizona

There are 124 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Globe.

Housing Choice Vouchers in Globe, Arizona

On average, Section 8 Housing Choice vouchers pay Globe landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Globe.

The maximum amount a voucher would pay on behalf of a low-income tenant in Globe, Arizona for a two-bedroom apartment is between $1,136 and $1,388.

Sourced from federal housing data and AffordableHousingOnline.com research.