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

Discover affordable housing in Apex where there are 16+ 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.

Beechridge Apartments

610 Upchurch St, Apex, North Carolina 27502

bed 2-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Village at Broadstone Station

1000 Broadstone Way, Apex, North Carolina 27502

bed 1-3
payment $1350-1870/mo.

MAA Beaver Creek

1000 Creekside Dr, Apex, North Carolina 27502

bed 1-3
payment $1353-1923/mo.

Lake Cameron

1000 Cameron Woods Dr, Apex, North Carolina 27523

bed 1-3
payment $1133-1743/mo.

The Villages at Westford

2605 Lowell Rd, Apex, North Carolina 27523

bed 1-3
payment $1334-1968/mo.

Sweetwater Town Center

1481 Richardson Rd, Apex, North Carolina 27523

bed Studio
payment $1310/mo.

Bell Apex

4000 Spotter Dr, Apex, North Carolina 27502

bed 1
payment $1410/mo.

Meridian at Ten Ten

1000 Brynmar Oaks Dr, Apex, North Carolina 27539

bed 1
payment $1399/mo.

102 Ridge Lake Dr

102 Ridge Lake Dr, Apex, North Carolina 27539

bed 4
payment $1985/mo.

407 Carolina Spgs Blvd

407 Carolina Spgs Blvd, Apex, North Carolina 27539

bed 3
payment $1950/mo.

1305 Herb Garden Way

1305 Herb Garden Way, Apex, North Carolina 27502

bed 4
payment $2249/mo.

West Haven Apartments

100 Peace Haven Pl, Apex, North Carolina 27502

switch_access_shortcut Short Wait
accessibility Accessible

Wake Acres Apts

300 James Street, Apex, North Carolina

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Wake Co Ha

107 Lynch St, Apex, North Carolina 27529

payment Subsidized

Beechridge Phase II

610 Upchurch St, Apex, North Carolina 27502

switch_access_shortcut Short Wait
accessibility Accessible

Beechridge - Phase II

Upchurch Rd, Apex, North Carolina 27502

How To Identify Affordable Housing in Apex, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Apex, North Carolina
$31.17/hour
$23.92 (+330%) more than North Carolina minimum wage and $23.92 (+330%) more than the Federal minimum wage.
Learn More About Apex, North Carolina Affordable Housing ↓

What HUD offices serve Apex, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Apex, North Carolina.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Public Housing Homeownership, Family Self-Sufficiency programs for Apex, North Carolina.

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

How many renters live in Apex, North Carolina?

The City of Apex has people living in households.

There are renters living in renter households in this City. Renters make up 21.27 percent of the population living in Apex.

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

There are an estimated housing units in the Apex area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Apex, North Carolina, there are 1.13 rental units.

What is the vacancy rate for rentals in Apex?

The rental vacancy rate in Apex 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 Apex for each bedroom size?

Occupied Rental Units by Size in Apex
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
65 1,032 1,762 2,087 591
Occupied Rental Units by Size in Apex

A large number of apartments in Apex 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 Apex

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,427 to $2,711. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,427
One BR $1,466
Two BR $1,646
Three BR $2,035
Four BR $2,711
2024 Fair Market Rents in Apex, North Carolina

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

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 14 22 percent
One BR 722 70 percent
Two BR 644 37 percent
Rental Units Below FMR in Apex, North Carolina

How many affordable rental units are in Apex?

There are a variety of federal affordable housing programs serving households in Apex, North Carolina including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Apex, North Carolina

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

Income Based Apartments in Apex, North Carolina

Apex features 82 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 Apex, North Carolina

There are 236 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Apex.

Housing Choice Vouchers in Apex, North Carolina

On average, Section 8 Housing Choice vouchers pay Apex landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Apex.

The maximum amount a voucher would pay on behalf of a low-income tenant in Apex, North Carolina for a two-bedroom apartment is between $1,481 and $1,811.

Sourced from federal housing data and AffordableHousingOnline.com research.

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