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Affordable Housing In Charlotte
Mecklenburg County, North Carolina

180 Low Income Apartment Communities In Charlotte

Willow Oak Run

2908 Turning Oak Dr
Charlotte, North Carolina
$285-732
2-3 BR

South Oak Crossing

7609 Kings Ridge Dr
Charlotte, North Carolina
$960-1,075
2-3 BR

Hillcrest Apartments

2603 Arnold Drive
Charlotte, North Carolina
Income Based
2 BR
Subsidized

McAden Park Apartments

1303 Seigle Avenue
Charlotte, North Carolina
Call For Rent
1-3 BR

Montgomery Gardens Apartment Homes

5235 Garden Trace Court
Charlotte, North Carolina
$695-850
2-3 BR

Centra Square

1015 E 16th St
Charlotte, North Carolina
$510-825
1-3 BR

Fairmarket Plaza Apartments

6427 Plaza Rd
Charlotte, North Carolina
Call For Rent
1 BR
Subsidized

Whitehall Crossing

2650 Arrowwood Rd
Charlotte, North Carolina
$805-915
2-3 BR

Baxter Street Flats

630 Avant Street
Charlotte, North Carolina
$440-920
1-3 BR

The Mulberry Senior Living Apartments

5945 Tuckaseegee Road
Charlotte, North Carolina
$585-685
1-2 BR

Housing Authorities that serve Charlotte

Housing Authority Programs
Inlivian Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Moving to Work; Section 8 Project-Based Voucher (PBV)

Guide To Affordable Housing in Charlotte, North Carolina

There are 180 low income housing apartment communities offering 13,602 affordable apartments for rent in Charlotte, North Carolina.

Income Based Apartments in Charlotte, North Carolina

Charlotte features 7,254 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 Charlotte, North Carolina

There are 6,348 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Charlotte.

Housing Choice Vouchers in Charlotte, North Carolina

On average, Section 8 Housing Choice vouchers pay Charlotte landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Charlotte.

The maximum amount a voucher would pay on behalf of a low-income tenant in Charlotte, North Carolina for a two-bedroom apartment is between $1,036 and $1,266.

2021 Charlotte, North Carolina Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Charlotte, North Carolina Fair Market Rent $987 $1,010 $1,151 $1,518 $1,956
Charlotte, North Carolina Payment Standard Range $888 to $1,086 $909 to $1,111 $1,036 to $1,266 $1,366 to $1,670 $1,760 to $2,152

Sourced from federal housing data and AffordableHousingOnline.com research.

Charlotte, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 180
Total Low Income Apartments 13,602
Total Housing Units with Rental Assistance 7,254
Percentage of Housing Units Occupied By Renters 45.94%
Average Renter Household Size 2.44
Average Household Size 2.55
Median Household Income $53,637 ±$724
Median Rent $926 ±$8
Percentage Of Renters Overburdened 46.61% ± 1.24pp
Total Population 792,137

Population and Household Demographics

Charlotte is a city in Mecklenburg County, North Carolina with a population of 792,137. There are 305,488 households in the city with an average household size of 2.55 persons. 45.94% of households in Charlotte are renters.

Income and Rent Overburden in Charlotte

The median gross income for households in Charlotte is $53,637 a year, or $4,470 a month. The median rent for the city is $926 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Charlotte, a household making less than $3,087 a month would be considered overburdened when renting an apartment at or above the median rent. 46.61% of households who rent are overburdened in Charlotte.

Area Median Income In Charlotte

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Charlotte, the AMI is calculated from all households within Mecklenburg County.

In Charlotte, HUD calculates the Area Median Income for a family of four as $84,200

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Charlotte

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Charlotte

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Charlotte AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,700 $20,200 $22,750 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Charlotte AMI may qualify for rental assistance programs that target Very Low Income households.
$29,500 $33,700 $37,900 $42,100 $45,500 $48,850 $52,250 $55,600
80% AMI Income Limits
Renters earning up to 80% of the Charlotte AMI may qualify for rental assistance programs that target Low Income households.
$47,150 $53,900 $60,650 $67,350 $72,750 $78,150 $83,550 $88,950