Low Income Apartments and Affordable Housing For Rent in Derry, NH

Discover affordable housing in Derry where there are 4+ 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.

Franklin Village Apartments

4A Laraway Court, Derry, New Hampshire 03038

Pillsbury Square

12 W Broadway, Derry, New Hampshire 03038

The Fairways

1 Forest Ridge Rd, Derry, New Hampshire 03038

Nutfield Heights

3 Hood Rd, Derry, New Hampshire 03038

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Derry, New Hampshire
$36.31/hour
$29.06 (+401%) more than New Hampshire minimum wage and $29.06 (+401%) more than the Federal minimum wage.
Learn More About Derry, New Hampshire Affordable Housing ↓

What HUD offices serve Derry, New Hampshire?

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 Derry, New Hampshire.

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

How many renters live in Derry, New Hampshire?

The City of Derry has 23,027 people living in 9,275 households.

There are 7,703 renters living in 3,891 renter households in this City. Renters make up 33.45 percent of the population living in Derry.

What is the rental market like in Derry, New Hampshire?

There are an estimated 9,784 housing units in the Derry area. Of these, 4,068 units are rental homes, making up 42 percent of the housing market. For every renter household in Derry, New Hampshire, there are 1 rental units.

What is the vacancy rate for rentals in Derry?

The rental vacancy rate in Derry 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 Derry for each bedroom size?

Occupied Rental Units by Size in Derry
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
271 1,118 1,840 612 32
Occupied Rental Units by Size in Derry

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

Among renter households in this market, 50 percent have housing cost burden. Further, 23 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 Derry

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,299 to $2,553. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,299
One BR $1,483
Two BR $1,917
Three BR $2,329
Four BR $2,553
2024 Fair Market Rents in Derry, New Hampshire

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

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 254 94 percent
One BR 942 84 percent
Two BR 929 50 percent
Rental Units Below FMR in Derry, New Hampshire

How many affordable rental units are in Derry?

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

Federal Program Unit Count
Low Income Housing Tax Credit 451
Section 8 Project-Based Rental Assistance 173
Tracked Units by Federal Program in Derry, New Hampshire

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

Income Based Apartments in Derry, New Hampshire

Derry features 108 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 Derry, New Hampshire

There are 132 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Derry.

Housing Choice Vouchers in Derry, New Hampshire

On average, Section 8 Housing Choice vouchers pay Derry landlords $800 per month towards rent. The average voucher holder contributes $500 towards rent in Derry.

The maximum amount a voucher would pay on behalf of a low-income tenant in Derry, New Hampshire for a two-bedroom apartment is between $1,725 and $2,109.

Sourced from federal housing data and AffordableHousingOnline.com research.