Low Income Apartments and Affordable Housing For Rent in New Castle, DE

Discover affordable housing in New Castle where there are 15+ 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.

Chelten Apartments

431 Old Forge Road, New Castle, Delaware 19720

bed 1
accessibility Accessible

Coachmans Manor

401 Carriage Way, New Castle, Delaware 19720

bed 1-3
accessibility Accessible

Wilton Club Apartments

113 Heatherton Lane, New Castle, Delaware 19720

bed 2-3
accessibility Accessible

Spencer Apartments

37 Fairhaven Ct, New Castle, Delaware 19720

Dima V

70 Bunker Hill Rd, New Castle, Delaware 19963

102 Thorn Ln

102 Thorn Ln, New Castle, Delaware 19720

bed 3
payment $1900/mo.

6 Pell St

6 Pell St, New Castle, Delaware 19720

bed 2
payment $1500/mo.

520 Ashton Ln

520 Ashton Ln, New Castle, Delaware 19720

bed 2
payment $1600/mo.

33 W 6th St

33 W 6th St, New Castle, Delaware 19720

bed 3
payment $1900/mo.

9 Clinton Ct

9 Clinton Ct, New Castle, Delaware 19720

bed 2
payment $1700/mo.

57 Skyline Dr

57 Skyline Dr, New Castle, Delaware 19720

bed 3
payment $1950/mo.

Willow Chase Apartments

500 Blair Ct, New Castle, Delaware 19720

Arbor Place I

113 Parma Ave, New Castle, Delaware 19720

bed 1

Arbor Place, Phase III

229 Parma Ave, New Castle, Delaware 19720

Delaware

Route 13 And Vinway Rd, New Castle, Delaware 19720

How To Identify Affordable Housing in New Castle, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In New Castle, Delaware
$32.90/hour
$19.65 (+148%) more than Delaware minimum wage and $25.65 (+354%) more than the Federal minimum wage.
Learn More About New Castle, Delaware Affordable Housing ↓

What HUD offices serve New Castle, 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) programs for New Castle, Delaware.

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

How many renters live in New Castle, Delaware?

The City of New Castle has 5,523 people living in 2,711 households.

There are 1,812 renters living in 1,031 renter households in this City. Renters make up 32.81 percent of the population living in New Castle.

What is the rental market like in New Castle, Delaware?

There are an estimated 2,923 housing units in the New Castle area. Of these, 1,087 units are rental homes, making up 37 percent of the housing market. For every renter household in New Castle, Delaware, there are 1 rental units.

What is the vacancy rate for rentals in New Castle?

The rental vacancy rate in New Castle is 4 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 New Castle for each bedroom size?

Occupied Rental Units by Size in New Castle
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 294 554 111 72
Occupied Rental Units by Size in New Castle

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

Among renter households in this market, 32 percent have housing cost burden. Further, 9 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 New Castle

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,303 to $2,422. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,303
One BR $1,451
Two BR $1,737
Three BR $2,100
Four BR $2,422
2024 Fair Market Rents in New Castle, Delaware

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

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 244 83 percent
Two BR 149 27 percent
Rental Units Below FMR in New Castle, Delaware

How many affordable rental units are in New Castle?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 1
Tracked Units by Federal Program in New Castle, Delaware

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

Income Based Apartments in New Castle, Delaware

New Castle features 146 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 New Castle, Delaware

There are 315 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Castle.

Housing Choice Vouchers in New Castle, Delaware

On average, Section 8 Housing Choice vouchers pay New Castle landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in New Castle.

The maximum amount a voucher would pay on behalf of a low-income tenant in New Castle, Delaware for a two-bedroom apartment is between $1,563 and $1,911.

Sourced from federal housing data and AffordableHousingOnline.com research.