Low Income Apartments and Affordable Housing For Rent in Carteret County, NC

Discover affordable housing in Carteret County where there are 24+ 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.

Elm Green Apartments

100 Elm Green Loop Dr, Newport, North Carolina 28570

Castle Glen

1817 Pollard Ct, Newport, North Carolina 28570

Camellia Court Apartments

4609 Country Club Rd, Morehead City, North Carolina 28557

Westwood Square Apartments

403 Brooks St, Morehead City, North Carolina 28557

Blue Point Bay

201 Old Murdoch Rd, Newport, North Carolina 28570

Kings Mill Apartments

1200 Daughters Dr, Newport, North Carolina 28570

Troon Apartments

300 Troon Way, Beaufort, North Carolina 28516

Eastport at the Park Apartments

506 Campen Rd , Beaufort, North Carolina 28516

Westwood Square Apartments

501 Brook St, Morehead City, North Carolina 28557

Eagles Bay Apartments

100 Eagles Bay Ct, Beaufort, North Carolina 28516

Ekklesia

405 Barbour Rd, Morehead City, North Carolina 28557

Carteret Court Apartments

510 Carteret Ave, Beaufort, North Carolina 28516

Crystal Coast Apartments

2109 Mayberry Loop Rd, Morehead City, North Carolina 28557

Beaufort Manor Apartments

604 Beaufort Manor Dr, Beaufort, North Carolina 28516

Beaufort Manor Apartments - Phase II

104 Beaufort Manor Dr, Beaufort, North Carolina 28516

Cac of Carteret Co.

406 Brook St, Morehead City, North Carolina 28557

Arc Hds Carteret Co Gh

2331 N Lakeview Dr, Newport, North Carolina 28570

Arc Hds Carteret Co Gh 2

681 NC Highway 101, Beaufort, North Carolina 28516

Beaufort Spring

1791 Live Oak St, Beaufort, North Carolina 28516

Blue Point Bay Apartments

3616 Sunny Dr, Morehead City, North Carolina 28557

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Carteret County, North Carolina
$20.55/hour
$13.30 (+183%) more than North Carolina minimum wage and $13.30 (+183%) more than the Federal minimum wage.
Learn More About Carteret County, North Carolina Affordable Housing ↓

How many renters live in Carteret County, North Carolina?

The County of Carteret County has 69,380 people living in 31,294 households.

There are 16,395 renters living in 8,667 renter households in this County. Renters make up 23.63 percent of the population living in Carteret County.

What is the rental market like in Carteret County, North Carolina?

There are an estimated 51,096 housing units in the Carteret County area. Of these, 8,405 units are rental homes, making up 16 percent of the housing market. For every renter household in Carteret County, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Carteret County?

The rental vacancy rate in Carteret County is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Carteret County for each bedroom size?

Occupied Rental Units by Size in Carteret County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
283 1,046 3,320 2,658 861
Occupied Rental Units by Size in Carteret County

A large number of apartments in Carteret County 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 Carteret County are overburdened by housing costs?

Among renter households in this market, 48 percent have housing cost burden. Further, 22 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 Carteret County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $820 to $1,812. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $820
One BR $826
Two BR $1,085
Three BR $1,454
Four BR $1,812
2024 Fair Market Rents in Carteret County, North Carolina

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

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 142 50 percent
One BR 641 61 percent
Two BR 1,803 54 percent
Rental Units Below FMR in Carteret County, North Carolina

How many affordable rental units are in Carteret County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 896
Public Housing 245
Section 8 Project-Based Rental Assistance 209
Section 202 Supportive Housing for the Elderly 20
Section 811 Supportive Housing for Persons with Disabilities 14
USDA Section 515 Rural Rental Housing 122
Tracked Units by Federal Program in Carteret County, North Carolina

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

Income Based Apartments in Carteret County, North Carolina

Carteret County features 668 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 Carteret County, North Carolina

There are 536 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Carteret County.

Housing Choice Vouchers in Carteret County, North Carolina

On average, Section 8 Housing Choice vouchers pay Carteret County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Carteret County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Carteret County, North Carolina for a two-bedroom apartment is between $977 and $1,194.

Sourced from federal housing data and AffordableHousingOnline.com research.