Affordable Housing In Rensselaer County
New York

44 Low Income Apartment Communities In Rensselaer County

Greenbush Village Apartments

25 Crotched Mountain Way
Rensselaer, NY
Call For Rent
1-2 BR
Accessible
Disabled Supportive Housing
Subsidized

Oneil Apartments

2121 6th Ave
Troy, NY
Call For Rent
Studio-1 BR
HCV Welcome
Subsidized

Burns Apartments

720 Federal St.
Troy, NY
Call For Rent
1 BR
Subsidized

Renwyck Place

18 4th Ave
Rensselaer, NY
Income Based
1 BR
62+
Subsidized

Van Rensselaer Heights

460 Forbes Ave
Rensselaer, NY
Income Based
1-2 BR
62+
Subsidized

Franciscan Heights Senior Community

1 St. Anthony Lane
Rensselaer, NY
Call For Rent
1-2 BR
HCV Welcome

Lansingburgh Apartments

41 114th St
Troy, NY
Call For Rent
Studio-1 BR
Subsidized

Monument Square Apartments

2 1st St
Troy, NY
Subsidized

Community Housing Innovations, Inc

Scattered Site Housing
Nassau, NY
HCV Welcome

Martin Luther King

41 Eddys Ln
Troy, NY

Other Housing Authorities located in Rensselaer County

Housing Authority Programs
Troy Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Rensselaer Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Town of Hoosick Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Rensselaer County, New York

According to federal housing data and AffordableHousingOnline.com research, there are 44 low income housing apartment communities offering 2,743 affordable apartments for rent in Rensselaer County, New York. Rensselaer County features 2,193 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 550 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Rensselaer County.

Rensselaer County, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 44
Total Low Income Apartments 2,743
Total Housing Units with Rental Assistance 2,193
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
Total Population 159,900

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.1

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 $89,900

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 Rensselaer County HUD Rental Assistance in Rensselaer County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,900 $21,600 $24,300 $26,950 $30,170 $34,590 $39,010 $43,430
50% of Median $31,500 $36,000 $40,500 $44,950 $48,550 $52,150 $55,750 $59,350
80% of Median $50,350 $57,550 $64,750 $71,900 $77,700 $83,450 $89,200 $94,950
Low Income Housing Tax Credits in Rensselaer County

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

From 1991 to 2005, 7 low income apartment communities containing 351 rental apartments have been constructed and made affordable to low income persons in Rensselaer County 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 Rensselaer County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $31,500 $36,000 $40,500 $44,950 $48,550 $52,150 $55,750 $59,350
60% of Median $37,800 $43,200 $48,600 $53,940 $58,260 $62,580 $66,900 $71,220

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 Rensselaer County is $48,600 a year, or $4,050 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,050 by 30% to get a maximum rent of $1,215 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% $788 $844 $1,013 $1,169 $1,304 $1,439
60% $945 $1,013 $1,215 $1,403 $1,565 $1,727
Fair Market Rents in Rensselaer County

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$747 $855 $1,054 $1,313 $1,428

Cities In Rensselaer County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Troy 22 The HUD funded Public Housing Agency that serves Troy is the Troy Housing Authority.
Wynantskill 1
Nassau 12
West Sand Lake 1
Rensselaer 6 The HUD funded Public Housing Agency that serves Rensselaer is the Rensselaer Housing Authority.
Hoosick Falls 1 The HUD funded Public Housing Agency that serves Hoosick Falls is the Town of Hoosick Housing Authority.
Greenbush 0
North Greenbush 0
Schaghticoke 0
Averill Park 0
Berlin 0
Brunswick 0
Castleton on Hudson 1
East Greenbush 0
East Nassau 0
Grafton 0
Hampton Manor 0
Hoosick 0
Petersburgh 0
Pittstown 0
Poestenkill 0
Sand Lake 0
Schodack 0
Stephentown 0
Valley Falls 0
Castleton-on-Hudson 0