Apply to Albany Apartment Waiting Lists

Cove of Southlake

509 Hickory Ln
Albany, Georgia
3-4 BR

Landing at Southlake

496 Ebony Ln
Albany, Georgia
1-2 BR

Pointe North Senior Village ll

2703 Pointe North Boulevard
Albany, Georgia
Call For Rent
1-2 BR

Towering Pines Apartments

2125 Beachview Drive
Albany, Georgia
Call For Rent
3 BR

Flint Ridge

320 E. Oglethorpe Blvd.
Albany, Georgia
Call For Rent
1-3 BR
Showing Results 1-5

There are 981 low-income apartments in Albany that offer reduced rents to eligible households. Low-income rents in Albany, Georgia can range from $324 to $537 depending on the number of bedrooms.

Rental assistance programs support 1,809 low-income homes in Albany where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $266 towards rent each month.

Affordable rent data for some communities last confirmed on February 16th, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Albany, Georgia

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.

Housing Authority Programs
Albany Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Housing Authority of the County of Lee Public Housing
Georgia Department of Community Affairs Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)
Go to the Georgia Public Housing and Low-Income Apartments Waiting Lists page for openings near Albany.

Albany, Georgia Affordable Housing Data

Income Based Apartments in Albany, Georgia

Albany features 1,809 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 Albany, Georgia

There are 981 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Albany.

Housing Choice Vouchers in Albany, Georgia

On average, Section 8 Housing Choice vouchers pay Albany landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Albany.

The maximum amount a voucher would pay on behalf of a low-income tenant in Albany, Georgia for a two-bedroom apartment is between $792 and $968.

2023 Albany, Georgia Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Albany, Georgia Fair Market Rent $735 $748 $880 $1,153 $1,402
Albany, Georgia Payment Standard Range $662 to $809 $673 to $823 $792 to $968 $1,038 to $1,268 $1,262 to $1,542

Sourced from federal housing data and research.

Albany, GA Affordable Housing Snapshot

Total Affordable Apartment Properties 43
Total Low Income Apartments 3,008
Total Housing Units with Rental Assistance 1,809
Percentage of Housing Units Occupied By Renters 61.7%
Average Renter Household Size 2.52
Average Household Size 2.50
Median Household Income $29,676 ±$1,523
Median Rent $684 ±$14
Percentage Of Renters Overburdened 51.52% ± 3.14pp
Total Population 76,466

Population and Household Demographics

Albany is a city in Dougherty County, Georgia with a population of 76,466. There are 29,076 households in the city with an average household size of 2.50 persons. 61.7% of households in Albany are renters.

Income and Rent Overburden in Albany

The median gross income for households in Albany is $29,676 a year, or $2,473 a month. The median rent for the city is $684 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Albany, a household making less than $2,280 a month would be considered overburdened when renting an apartment at or above the median rent. 51.52% of households who rent are overburdened in Albany.

Area Median Income In Albany

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 Albany, the AMI is calculated from all households within Dougherty County.

In Albany, HUD calculates the Area Median Income for a family of four as $72,000

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 Albany

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 HUD Rental Assistance in Albany

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Albany AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $35,140 $38,250 $40,900 $43,500
50% AMI Income Limits
Renters earning up to 50% of the Albany AMI may qualify for rental assistance programs that target Very Low Income households.
$23,100 $26,400 $29,700 $32,950 $35,600 $38,250 $40,900 $43,500
80% AMI Income Limits
Renters earning up to 80% of the Albany AMI may qualify for rental assistance programs that target Low Income households.
$36,900 $42,200 $47,450 $52,700 $56,950 $61,150 $65,350 $69,600