Affordable Housing In Reno
Washoe County, Nevada

61 Low Income Apartment Communities In Reno

Hawk View Apartments

2501 Tripp Dr
Reno, NV

Essex Manor

700 Carlyle Ct
Reno, NV

Highlands Apartments

1000 Sky Valley Dr
Reno, NV
HCV Welcome

Riverside Artist Lofts

17 S Virginia St
Reno, NV
HCV Welcome

Silver Sage at Neil Road Apartments

3870 Neil Rd
Reno, NV
HCV Welcome

River Senior Apartments

895 Kuenzli St
Reno, NV
HCV Welcome

Courtyard Centre Aka Studio IIi

695 W 3rd St
Reno, NV
HCV Welcome

Diamond Creek Apartments

1205 S Meadows Pkwy
Reno, NV
HCV Welcome

Parkway Lodge

512 E 2nd St
Reno, NV
HCV Welcome

The Plaza at Fourth Street

4th St And Wells
Reno, NV
HCV Welcome

There are 61 low income housing apartment complexes which contain 5,863 affordable apartments for rent in Reno. Many of these rental apartments are income based housing with 1,969 apartments that set rent based on your income. In Reno, HUD housing programs support 906 rental assistance apartments through programs like Project-based Section 8. There are 3,894 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Reno

Housing Authority Programs
Reno Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work

Guide To Affordable Housing in Reno, Nevada

Reno, NV Affordable Housing Snapshot

Total Affordable Apartment Properties 61
Total Low Income Apartments 5,863
Total Rent Assisted Apartments 1,969
Percentage of Housing Units Occupied By Renters 53.57%
Average Renter Household Size 2.40
Total Population 234,161
Housing Units 92,283
Average Household Size 2.47
Median Household Income $47,012 ±$988
Median Rent $851 ±$14
Percentage Of Renters Overburdened 49.2% ± 2.01pp

Population and Household Demographics

Reno is a City in Washoe County, Nevada with a population of 234,161. There are 92,283 households in the city with an average household size of 2.47 persons. 53.57% of households in Reno are renters.

Income and Rent Overburden in Reno

The median gross income for households in Reno is $47,012 a year, or $3,918 a month. The median rent for the city is $851 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Reno, a household making less than $2,837 a month would be considered overburdened when renting an apartment at or above the median rent. 49.2% of households who rent are overburdened in Reno.1

Area Median Income In Reno

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 Reno, the AMI is calculated from all households within Washoe County.

In Reno, HUD calculates the Area Median Income for a family of four as $78,100

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 Reno

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 Reno HUD Rental Assistance in Reno

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,450 $18,800 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $27,350 $31,250 $35,150 $39,050 $42,200 $45,300 $48,450 $51,550
80% of Median $43,750 $50,000 $56,250 $62,500 $67,500 $72,500 $77,500 $82,500
Low Income Housing Tax Credits in Reno

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

From 1992 to 2011, 29 low income apartment communities containing 3,656 rental apartments have been constructed and made affordable to low income persons in Reno by the Low Income Housing Tax Credit Program.

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 Reno

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $27,350 $31,250 $35,150 $39,050 $42,200 $45,300 $48,450 $51,550
60% of Median $32,820 $37,500 $42,180 $46,860 $50,640 $54,360 $58,140 $61,860

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 Reno is $42,180 a year, or $3,515 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,515 by 30% to get a maximum rent of $1,055 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% $684 $733 $879 $1,016 $1,133 $1,250
60% $821 $879 $1,055 $1,219 $1,359 $1,500
Fair Market Rents in Reno

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
$666 $811 $1,037 $1,499 $1,821