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Low Income Apartments and Affordable Housing For Rent in Advance, NC

Discover affordable housing in Advance 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.

Image of 215 Rhynehardt Rd

215 Rhynehardt Rd

215 Rhynehardt Rd, Advance, North Carolina 27006

bed 3
payment $1000/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

How To Identify Affordable Housing in Advance, North Carolina

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
 Low income apartments with no or short waiting lists.
payment Subsidized
 Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
 Apartments that accept Section 8 vouchers near you
elderly Senior
 Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
 Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
 Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
 Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
 Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.

Davie, Surry, Stokes, and Yadkin County, North Carolina Section 8 HCV

calendar_today Opened: Oct 1
Open Until Further Notice
calendar_month
touch_app Get the Application

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Advance, North Carolina
$21.02/hour
$13.77 (+190%) more than North Carolina minimum wage and $13.77 (+190%) more than the Federal minimum wage.
Learn More About Advance, North Carolina Affordable Housing ↓

What HUD offices serve Advance, North Carolina?

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.

Piedmont Triad Regional Council
Operates the Section 8 Housing Choice Voucher (HCV) programs for Advance, North Carolina.

Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Advance.

How many renters live in Advance, North Carolina?

The City of Advance has people living in households.

There are renters living in renter households in this City. Renters make up 11.15 percent of the population living in Advance.

What is the rental market like in Advance, North Carolina?

There are an estimated housing units in the Advance area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Advance, North Carolina, there are 1.45 rental units.

What is the vacancy rate for rentals in Advance?

The rental vacancy rate in Advance is 31 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 Advance for each bedroom size?

Occupied Rental Units by Size in Advance
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 21 23 57 0
Occupied Rental Units by Size in Advance

A large number of apartments in Advance have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Advance

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $897 to $1,671. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $897
One BR $936
Two BR $1,110
Three BR $1,452
Four BR $1,671
2024 Fair Market Rents in Advance, North Carolina

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

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
One BR 21 100 percent
Two BR 23 100 percent
Rental Units Below FMR in Advance, North Carolina

How many affordable rental units are in Advance?

Income Based Apartments in Advance, North Carolina

Advance features 0 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 Advance, North Carolina

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

Housing Choice Vouchers in Advance, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Advance, North Carolina for a two-bedroom apartment is between $999 and $1,221.

Sourced from federal housing data and AffordableHousingOnline.com research.