Cheap Apartments In New York City
New York
Low Income Apartments In New York City
There are 2,476 low income housing apartment complexes which contain 373,396 affordable apartments for rent in New York City, New York. Many of these rental apartments are income based housing with about 233,999 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 52,706 Project-Based Section 8 subsidized apartments in New York City. There are 137,048 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.
Housing Authorities that serve New York City
| Housing Authority | Programs |
|---|---|
| New York City Deptartment of Housing Preservation and Development | Section 8 Housing Choice Voucher |
| New York State Homes and Community Renewal | Section 8 Housing Choice Voucher |
| New York City Housing Authority | Section 8 Housing Choice Voucher; Public Housing |
Other Housing Authorities located in New York City
| Housing Authority | Programs |
|---|---|
| New York State Housing Finance Agency | Section 8 Housing Choice Voucher |
Understanding Affordable Housing in New York City, New York
- Population And Household Demographics
- Income and Rent Overburden
- Area Median Income
- Low Income Housing Tax Credit
- Rental Assistance
New York City, NY Affordable Housing Snapshot
| Total Affordable Apartment Properties | 2,476 |
|---|---|
| Total Low Income Apartments | 373,396 |
| Total Rent Assisted Apartments | 233,999 |
| Percentage of Housing Units Occupied By Renters | 68.16% |
| Average Renter Household Size | 2.55 |
| Total Population | 8,426,743 |
| Housing Units | 3,113,535 |
| Average Household Size | 2.65 |
| Median Household Income | $53,373 ±$269 |
| Median Rent | $1,255 ±$4 |
| Percentage Of Renters Overburdened | 51.36% ± 0.28pp |
Population and Household Demographics
New York City is a City in New York with a population of 8,426,743. There are 3,113,535 households in the city with an average household size of 2.65 persons. 68.16% of households in New York City are renters.
Income and Rent Overburden in New York City
The median gross income for households in New York City is $53,373 a year, or $4,448 a month. The median rent for the city is $1,255 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New York City, a household making less than $4,183 a month would be considered overburdened when renting an apartment at or above the median rent. 51.36% of households who rent are overburdened in New York City.1
Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 0.28 percentage points.
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