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

Discover affordable housing in Peterborough 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.

Rockbrook Apartments

475 Union St, Peterborough, New Hampshire 03458

Pine View Apartments

Prescott Hill Rd, Peterborough, New Hampshire 03458

Heatherbrook Apartments

25 Wilder St, Peterborough, New Hampshire 03458

Woodland Heights

101 Macdowell Rd, Peterborough, New Hampshire 03458

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Peterborough, New Hampshire
$27.69/hour
$20.44 (+282%) more than New Hampshire minimum wage and $20.44 (+282%) more than the Federal minimum wage.
Learn More About Peterborough, New Hampshire Affordable Housing ↓

How many renters live in Peterborough, New Hampshire?

The City of Peterborough has 2,247 people living in 1,279 households.

There are 887 renters living in 588 renter households in this City. Renters make up 39.47 percent of the population living in Peterborough.

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

There are an estimated 1,597 housing units in the Peterborough area. Of these, 622 units are rental homes, making up 39 percent of the housing market. For every renter household in Peterborough, New Hampshire, there are 1 rental units.

What is the vacancy rate for rentals in Peterborough?

The rental vacancy rate in Peterborough is 0 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 Peterborough for each bedroom size?

Occupied Rental Units by Size in Peterborough
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
11 165 298 70 44
Occupied Rental Units by Size in Peterborough

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

Among renter households in this market, 31 percent have housing cost burden. Further, 3 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 Peterborough

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,326 to $2,737. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,326
One BR $1,489
Two BR $1,956
Three BR $2,528
Four BR $2,737
2024 Fair Market Rents in Peterborough, New Hampshire

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

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 11 100 percent
One BR 118 72 percent
Two BR 169 57 percent
Rental Units Below FMR in Peterborough, New Hampshire

How many affordable rental units are in Peterborough?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 50
Tracked Units by Federal Program in Peterborough, New Hampshire

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

Income Based Apartments in Peterborough, New Hampshire

Peterborough features 80 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 Peterborough, New Hampshire

There are 50 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Peterborough.

Housing Choice Vouchers in Peterborough, New Hampshire

On average, Section 8 Housing Choice vouchers pay Peterborough landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Peterborough.

The maximum amount a voucher would pay on behalf of a low-income tenant in Peterborough, New Hampshire for a two-bedroom apartment is between $1,316 and $1,608.

Sourced from federal housing data and AffordableHousingOnline.com research.