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

Discover affordable housing in Charlotte where there are 211+ 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.

Trinity Community Apartments

3020 Peach Bottom Ln, Charlotte, North Carolina 28205

Tyvola Crossing Apartments

2948 Crossroads Pl, Charlotte, North Carolina 28208

Pinecrest Manor Apartments

3711 Marvin Rd, Charlotte, North Carolina 28211

Pressley Ridge

4526 Rose Vine Pl, Charlotte, North Carolina 28217

Landings at Steele Creek

10717 Steele Creek Rd, Charlotte, North Carolina 28273

Sparrow Run Apartments

1300 Palmico St, Charlotte, North Carolina 28205

The Park at Oaklawn

1215 Rising Oak Drive, Charlotte, North Carolina 28206

Rivermere Apartments

3310 Dunn Commons Pkwy, Charlotte, North Carolina 28216

Southside Homes

306 Benjamin St, Charlotte, North Carolina 28203

Charlottetown

1000 Baxter St, Charlotte, North Carolina 28204

Mayfield Terrace

2501 Pitts Dr, Charlotte, North Carolina 28216

Gables at Druid Hills

2108 Statesville Ave, Charlotte, North Carolina 28206

Arbor Glen III

2305 Farmer St, Charlotte, North Carolina 28208

The Village of Rosedale Apartments

3925 Tiffany Rose Pl, Charlotte, North Carolina 28206

Lincoln Heights Apartments

2120 Lasalle St, Charlotte, North Carolina 28216

Arrowood Villas

8825 Mont Carmel Ln, Charlotte, North Carolina 28217

Seversville Apartments

1707 Sumter Ave, Charlotte, North Carolina 28208

Mcmullen Woods

6508 Walsh Blvd, Charlotte, North Carolina 28226

Summerfield Apartments

2352 Township Rd, Charlotte, North Carolina 28273

Taylor Homes

5026 Lansing Dr, Charlotte, North Carolina 28270

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Charlotte, North Carolina
$29.43/hour
$22.18 (+306%) more than North Carolina minimum wage and $22.18 (+306%) more than the Federal minimum wage.
Learn More About Charlotte, North Carolina Affordable Housing ↓

What HUD offices serve Charlotte, 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, Family Self-Sufficiency, Moving to Work, Section 8 Project-Based Voucher (PBV) programs for Charlotte, North Carolina.

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

How many renters live in Charlotte, North Carolina?

The City of Charlotte has 897,720 people living in 378,089 households.

There are 395,107 renters living in 185,998 renter households in this City. Renters make up 44.01 percent of the population living in Charlotte.

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

There are an estimated 406,055 housing units in the Charlotte area. Of these, 202,265 units are rental homes, making up 50 percent of the housing market. For every renter household in Charlotte, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Charlotte?

The rental vacancy rate in Charlotte is 7 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 Charlotte for each bedroom size?

Occupied Rental Units by Size in Charlotte
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
9,869 52,562 70,280 41,300 11,097
Occupied Rental Units by Size in Charlotte

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

Among renter households in this market, 50 percent have housing cost burden. Further, 23 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 Charlotte

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,347 to $2,481. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,347
One BR $1,384
Two BR $1,554
Three BR $1,936
Four BR $2,481
2024 Fair Market Rents in Charlotte, North Carolina

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

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 4,559 46 percent
One BR 30,798 59 percent
Two BR 36,442 52 percent
Rental Units Below FMR in Charlotte, North Carolina

How many affordable rental units are in Charlotte?

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

Federal Program Unit Count
Low Income Housing Tax Credit 11,774
Public Housing 99
Section 8 Project-Based Rental Assistance 1,704
Section 202 Supportive Housing for the Elderly 130
Section 811 Supportive Housing for Persons with Disabilities 239
Tracked Units by Federal Program in Charlotte, North Carolina

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

Income Based Apartments in Charlotte, North Carolina

Charlotte features 6,394 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 8,283 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 $1,399 and $1,709.

Sourced from federal housing data and AffordableHousingOnline.com research.