Low Income Apartments and Affordable Housing For Rent in Georgetown, DE

Discover affordable housing in Georgetown 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.

Dunbarton Apartments

301 Dunbarton Apartments, Georgetown, Delaware 19947

bed 1-2
switch_access_shortcut Short Wait
elderly Senior

Georgetown Apartments I & II

200 Ingramtown Road, Georgetown, Delaware 19947

bed 1-3
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Acorn Acres

100 Charles Way, Georgetown, Delaware 19947

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Cheer Apartments

1121 Clark Dr, Georgetown, Delaware 19947

switch_access_shortcut Short Wait
accessibility Accessible

Dunbarton Oaks IV

500 N Margaret St, Georgetown, Delaware 19947

switch_access_shortcut Short Wait
accessibility Accessible

Dunbarton Oaks IV

301 N Margaret St, Georgetown, Delaware 19947

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Georgetown, Delaware

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.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Georgetown, Delaware
$24.58/hour
$11.33 (+86%) more than Delaware minimum wage and $17.33 (+239%) more than the Federal minimum wage.
Learn More About Georgetown, Delaware Affordable Housing ↓

What HUD offices serve Georgetown, Delaware?

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, Moving to Work programs for Georgetown, Delaware.
Operates the Section 8 Housing Choice Voucher (HCV), Moving to Work programs for Georgetown, Delaware.

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

How many renters live in Georgetown, Delaware?

The City of Georgetown has people living in households.

There are renters living in renter households in this City. Renters make up 54.63 percent of the population living in Georgetown.

What is the rental market like in Georgetown, Delaware?

There are an estimated housing units in the Georgetown area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Georgetown, Delaware, there are 1.02 rental units.

What is the vacancy rate for rentals in Georgetown?

The rental vacancy rate in Georgetown is 2 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 Georgetown for each bedroom size?

Occupied Rental Units by Size in Georgetown
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
31 342 765 169 33
Occupied Rental Units by Size in Georgetown

A large number of apartments in Georgetown 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 Georgetown

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $909 to $2,037. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $909
One BR $988
Two BR $1,298
Three BR $1,656
Four BR $2,037
2024 Fair Market Rents in Georgetown, Delaware

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

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 230 67 percent
Two BR 515 67 percent
Rental Units Below FMR in Georgetown, Delaware

How many affordable rental units are in Georgetown?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Georgetown, Delaware

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

Income Based Apartments in Georgetown, Delaware

Georgetown features 163 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 Georgetown, Delaware

There are 69 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Georgetown.

Housing Choice Vouchers in Georgetown, Delaware

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Georgetown, Delaware for a two-bedroom apartment is between $1,168 and $1,428.

Sourced from federal housing data and AffordableHousingOnline.com research.