Affordable Housing In Rensselaer County
48 Low Income Apartment Communities In Rensselaer County
Guide To Affordable Housing in Rensselaer County, New York
There are 48 low income housing apartment communities offering 2,905 affordable apartments for rent in Rensselaer County, New York.
Income Based Apartments in Rensselaer County, New York
Rensselaer County features 2,331 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 Rensselaer County, New York
There are 574 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rensselaer County.
Housing Choice Vouchers in Rensselaer County, New York
On average, Section 8 Housing Choice vouchers pay Rensselaer County landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Rensselaer County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rensselaer County, New York for a two-bedroom apartment is between $1,086 and $1,328.
2022 Rensselaer County, New York Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Rensselaer County, New York Fair Market Rent||$890||$991||$1,207||$1,492||$1,637|
|Rensselaer County, New York Payment Standard Range||$801 to $979||$892 to $1,090||$1,086 to $1,328||$1,343 to $1,641||$1,473 to $1,801|
Sourced from federal housing data and AffordableHousingOnline.com research.
Rensselaer County, NY Affordable Housing Snapshot
|Total Affordable Apartment Properties||48|
|Total Low Income Apartments||2,905|
|Total Housing Units with Rental Assistance||2,331|
|Percentage of Housing Units Occupied By Renters||35%|
|Average Renter Household Size||2.14|
|Average Household Size||2.43|
|Median Household Income||$60,709 ±$1,505|
|Median Rent||$875 ±$17|
|Percentage Of Renters Overburdened||45.7% ± 2.47pp|
Population and Household Demographics
Rensselaer County is a county in New York with a population of 159,900. There are 63,447 households in the county with an average household size of 2.43 persons. 35% of households in Rensselaer County are renters.
Income and Rent Overburden in Rensselaer County
The median gross income for households in Rensselaer County is $60,709 a year, or $5,059 a month. The median rent for the county is $875 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rensselaer County, a household making less than $2,917 a month would be considered overburdened when renting an apartment at or above the median rent. 45.7% of households who rent are overburdened in Rensselaer County.
Area Median Income In Rensselaer County
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.
In Rensselaer County, HUD calculates the Area Median Income for a family of four as $95,600
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 Rensselaer County
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 HUD Rental Assistance in Rensselaer County
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Rensselaer County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Rensselaer County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Rensselaer County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Rensselaer County
Select A City to View its Apartment Communities and Waiting Lists.
|Castleton on Hudson|
|Hoosick Falls||The HUD funded Public Housing Agency that serves Hoosick Falls is the Town of Hoosick Housing Authority.|
|Rensselaer||The HUD funded Public Housing Agency that serves Rensselaer is the Rensselaer Housing Authority.|
|Troy||The HUD funded Public Housing Agency that serves Troy is the Troy Housing Authority.|
|West Sand Lake|