Low Income Apartments and Affordable Housing For Rent in Albany, GA

Discover affordable housing in Albany where there are 43+ 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.

Cove of Southlake

509 Hickory Ln, Albany, Georgia 31701

Landing at Southlake

496 Ebony Ln, Albany, Georgia 31701

Towering Pines Apartments

2125 Beachview Drive, Albany, Georgia 31705

Flint Ridge

320 E. Oglethorpe Blvd., Albany, Georgia 31705

Havenwood Springs

525 Don Cutler SR Dr, Albany, Georgia 31705

Westover Senior Village

280 Capstone Connector, Albany, Georgia 31707

Pointe North Village III

2711 Pointe North Blvd., Albany, Georgia 31721

Dogwood Trail

108 Marie Rd., Albany, Georgia 31705

Bridges at Southlake

503 Ebony Ln, Albany, Georgia 31701

The Woodlands

2611 Gillionville Rd, Albany, Georgia 31707

Arcadia Courtside

1416 N Monroe St, Albany, Georgia 31701

Mt Zion Garden Apartments

209 Slater King Dr, Albany, Georgia 31701

Wild Pines Apartments

600 Sands Drive, Albany, Georgia 31705

Cedar Avenue Apartments

1013 Cedar Avenue, Albany, Georgia 31701

Dalewood Estates

824 Willie Pitts Jr Rd, Albany, Georgia 31707

Arcadia Commons

200 W 4th Ave, Albany, Georgia 31701

Bethel Housing Complex

507 Swift St, Albany, Georgia 31705

Albany Housing IV

2405 Brierwood Dr, Albany, Georgia 31705

Albany Housing I

2616 Pointe North Blvd, Albany, Georgia 31721

Albany Housing II

1906 W Lincoln Ave, Albany, Georgia 31707

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Albany, Georgia
$11.63 (+160%) more than Georgia minimum wage and $11.63 (+160%) more than the Federal minimum wage.
Learn More About Albany, Georgia Affordable Housing ↓

What HUD offices serve 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Albany, Georgia.
Operates the Public Housing programs for Albany, Georgia.
Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV) programs for Albany, Georgia.

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

How many renters live in Albany, Georgia?

The City of Albany has 67,922 people living in 27,608 households.

There are 35,907 renters living in 16,305 renter households in this City. Renters make up 52.87 percent of the population living in Albany.

What is the rental market like in Albany, Georgia?

There are an estimated 33,390 housing units in the Albany area. Of these, 18,406 units are rental homes, making up 55 percent of the housing market. For every renter household in Albany, Georgia, there are 1 rental units.

What is the vacancy rate for rentals in Albany?

The rental vacancy rate in Albany is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Albany for each bedroom size?

Occupied Rental Units by Size in Albany
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
346 2,360 6,897 6,293 600
Occupied Rental Units by Size in Albany

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

Among renter households in this market, 55 percent have housing cost burden. Further, 26 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 Albany

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $854 to $1,620. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $854
One BR $860
Two BR $997
Three BR $1,328
Four BR $1,620
2024 Fair Market Rents in Albany, Georgia

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

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 179 52 percent
One BR 1,852 78 percent
Two BR 5,456 79 percent
Rental Units Below FMR in Albany, Georgia

How many affordable rental units are in Albany?

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

Federal Program Unit Count
Low Income Housing Tax Credit 1,219
Public Housing 347
Section 8 Project-Based Rental Assistance 1,242
Section 202 Supportive Housing for the Elderly 101
Section 811 Supportive Housing for Persons with Disabilities 22
Tracked Units by Federal Program in Albany, Georgia

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

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 988 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 $897 and $1,097.

Sourced from federal housing data and AffordableHousingOnline.com research.