Low Income Apartments and Affordable Housing For Rent in Richfield Springs, NY

Discover affordable housing in Richfield Springs where there are 1+ 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.

Bronner Manor Associates

24 Park St, Richfield Springs, New York 13439

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Richfield Springs, New York
$20.09/hour
$5.09 (+34%) more than New York minimum wage and $12.84 (+177%) more than the Federal minimum wage.
Learn More About Richfield Springs, New York Affordable Housing ↓

What HUD offices serve Richfield Springs, New York?

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), Section 8 Project-Based Voucher (PBV) programs for Richfield Springs, New York.

Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Richfield Springs.

How many renters live in Richfield Springs, New York?

The City of Richfield Springs has 1,240 people living in 380 households.

There are 335 renters living in 129 renter households in this City. Renters make up 27.02 percent of the population living in Richfield Springs.

What is the rental market like in Richfield Springs, New York?

There are an estimated 496 housing units in the Richfield Springs area. Of these, 142 units are rental homes, making up 29 percent of the housing market. For every renter household in Richfield Springs, New York, there are 1 rental units.

What is the vacancy rate for rentals in Richfield Springs?

The rental vacancy rate in Richfield Springs is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Richfield Springs for each bedroom size?

Occupied Rental Units by Size in Richfield Springs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
12 39 47 24 7
Occupied Rental Units by Size in Richfield Springs

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

Among renter households in this market, 40 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 Richfield Springs

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $719 to $1,413. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $719
One BR $879
Two BR $1,061
Three BR $1,304
Four BR $1,413
2024 Fair Market Rents in Richfield Springs, New York

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

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 0 100 percent
One BR 39 100 percent
Two BR 47 100 percent
Rental Units Below FMR in Richfield Springs, New York

How many affordable rental units are in Richfield Springs?

There are a variety of federal affordable housing programs serving households in Richfield Springs, New York including the following:

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 24
Tracked Units by Federal Program in Richfield Springs, New York

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

Income Based Apartments in Richfield Springs, New York

Richfield Springs features 24 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 Richfield Springs, New York

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richfield Springs.

Housing Choice Vouchers in Richfield Springs, New York

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Richfield Springs, New York for a two-bedroom apartment is between $955 and $1,167.

Sourced from federal housing data and AffordableHousingOnline.com research.