Cheap Apartments In New Castle
New Castle County, Delaware

Low Income Apartments In New Castle

Wilton Club Apartments

113 Heatherton Lane
New Castle, DE
2-3 BR
Subsidized

Coachmans Manor

401 Carriage Way
New Castle, DE
1-3 BR
HCV Welcome

Chelten Apartments

431 Old Forge Road
New Castle, DE
1 BR
Subsidized

Spencer Apartments

37 Fairhaven Ct
New Castle, DE
Subsidized

Dima V

70 Bunker Hill Rd
New Castle, DE
62+
Accessible
Elderly Supportive Housing
Subsidized

Arbor Place, Phase IIi

229 Parma Ave
New Castle, DE
HCV Welcome

Willow Chase Apartments

500 Blair Ct
New Castle, DE
HCV Welcome

Delaware

Route 13 And Vinway Rd
New Castle, DE
HCV Welcome
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There are 8 low income housing apartment complexes which contain 585 affordable apartments for rent in New Castle, Delaware. Many of these rental apartments are income based housing with about 266 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 254 Project-Based Section 8 subsidized apartments in New Castle. There are 564 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve New Castle

Housing Authority Programs
New Castle County Housing Authority Section 8 Housing Choice Voucher

Understanding Affordable Housing in New Castle, Delaware

New Castle, DE Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 585
Total Rent Assisted Apartments 266
Percentage of Housing Units Occupied By Renters 35.89%
Average Renter Household Size 2.19
Total Population 5,371
Housing Units 2,318
Average Household Size 2.32
Median Household Income $56,307 ±$7,116
Median Rent $1,114 ±$127
Percentage Of Renters Overburdened 35.94% ± 11.61pp

Population and Household Demographics

New Castle is a City in New Castle County, Delaware with a population of 5,371. There are 2,318 households in the city with an average household size of 2.32 persons. 35.89% of households in New Castle are renters.

Income and Rent Overburden in New Castle

The median gross income for households in New Castle is $56,307 a year, or $4,692 a month. The median rent for the city is $1,114 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New Castle, a household making less than $3,713 a month would be considered overburdened when renting an apartment at or above the median rent. 35.94% of households who rent are overburdened in New Castle.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 11.61 percentage points.

Area Median Income In New Castle

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For New Castle, the AMI is calculated from all households within New Castle County.

In New Castle, HUD calculates the Area Median Income for a family of four as $87,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in New Castle

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for New Castle HUD Rental Assistance in New Castle

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,350 $21,000 $23,600 $26,200 $29,420 $33,740 $38,060 $42,380
50% of Median $30,600 $35,000 $39,350 $43,700 $47,200 $50,700 $54,200 $57,700
80% of Median $48,950 $55,950 $62,950 $69,900 $75,500 $81,100 $86,700 $92,300

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in New Castle

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1993 to 2011, 5 low income apartment communities containing 394 rental apartments have been constructed and made affordable to low income persons in New Castle by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in New Castle by looking for the tag in the apartment list above. View Apartments.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in New Castle

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $30,600 $35,000 $39,350 $43,700 $47,200 $50,700 $54,200 $57,700
60% of Median $36,720 $42,000 $47,220 $52,440 $56,640 $60,840 $65,040 $69,240

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in New Castle is $47,220 a year, or $3,935 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,935 by 30% to get a maximum rent of $1,181 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $765 $820 $984 $1,136 $1,268 $1,399
60% $918 $984 $1,181 $1,364 $1,521 $1,679
Fair Market Rents in New Castle

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$840 $992 $1,200 $1,503 $1,715