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

Discover affordable housing in Cary 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.

The Commons at Highland Village

100 Highland Commons Ct, Cary, North Carolina 27511

bed 1-2
payment $470-795/mo.

Highland Terrace

900 Duncan Vale Way, Cary, North Carolina 27511

bed 1-2

Willow Creek

2000 Golden Willow Ct, Cary, North Carolina 27519

bed 1-2

Highland Village Apartments

100 Highland Commons Court, Cary, North Carolina 27511

bed 1-3

Sedgebrook Apartments

100 Sedgebrook Dr, Cary, North Carolina 27511

bed 2-3

Ryan Spring

616 Ryan Rd, Cary, North Carolina 27511

bed 1-2

The Grove at Cary Park

4545 Cary Glen Blvd, Cary, North Carolina 27519

bed 1-4

Weatherstone Spring Congregate Care Living Seniors

200 Weather Ridge Ln, Cary, North Carolina 27513

Serving Cup Green Level Apartments

14000 Joshua Tree Ct, Cary, North Carolina 27519

As Wake Co. G.H. 2

534 Walnut St, Cary, North Carolina 27511

North Carolina

121 Wrenn Dr, Cary, North Carolina 0

West Cary Apartments

Hwy 55, Cary, North Carolina 27519

West Park St Apartments

218 W Park St, Cary, North Carolina 27511

1004 Parkthrough Street

1003 Parkthrough St, Cary, North Carolina 27511

At - 229

229 Adams St, Cary, North Carolina 27513

At - 231

231 Adams St, Cary, North Carolina 27513

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

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

What HUD offices serve Cary, 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) programs for Cary, North Carolina.

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

How many renters live in Cary, North Carolina?

The City of Cary has people living in households.

There are renters living in renter households in this City. Renters make up 27 percent of the population living in Cary.

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

There are an estimated housing units in the Cary area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Cary, North Carolina, there are 1.08 rental units.

What is the vacancy rate for rentals in Cary?

The rental vacancy rate in Cary is 11 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 Cary for each bedroom size?

Occupied Rental Units by Size in Cary
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
434 5,565 8,882 5,016 1,708
Occupied Rental Units by Size in Cary

A large number of apartments in Cary 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 Cary

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,385 to $2,510. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,385
One BR $1,418
Two BR $1,631
Three BR $2,051
Four BR $2,510
2024 Fair Market Rents in Cary, North Carolina

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

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 237 55 percent
One BR 4,273 77 percent
Two BR 4,413 50 percent
Rental Units Below FMR in Cary, North Carolina

How many affordable rental units are in Cary?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Cary, North Carolina

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

Income Based Apartments in Cary, North Carolina

Cary features 19 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 Cary, North Carolina

There are 598 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cary.

Housing Choice Vouchers in Cary, North Carolina

On average, Section 8 Housing Choice vouchers pay Cary landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Cary.

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

Sourced from federal housing data and AffordableHousingOnline.com research.