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

Discover affordable housing in Chatham County where there are 32+ 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 Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Chatham County, North Carolina
$23.64 (+326%) more than North Carolina minimum wage and $23.64 (+326%) more than the Federal minimum wage.
Learn More About Chatham County, North Carolina Affordable Housing ↓

What HUD offices serve Chatham County, 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 Chatham County, North Carolina.

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

How many renters live in Chatham County, North Carolina?

The County of Chatham County has 79,864 people living in 34,020 households.

There are 16,809 renters living in 7,383 renter households in this County. Renters make up 21.05 percent of the population living in Chatham County.

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

There are an estimated 34,190 housing units in the Chatham County area. Of these, 6,866 units are rental homes, making up 20 percent of the housing market. For every renter household in Chatham County, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Chatham County?

The rental vacancy rate in Chatham County is 8 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 Chatham County for each bedroom size?

Occupied Rental Units by Size in Chatham County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
49 581 2,744 2,436 435
Occupied Rental Units by Size in Chatham County

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

Among renter households in this market, 39 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 Chatham County

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 Chatham County, North Carolina

How many units are rented at Fair Market Rent (FMR) in Chatham 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 49 100 percent
One BR 375 65 percent
Two BR 1,947 71 percent
Rental Units Below FMR in Chatham County, North Carolina

How many affordable rental units are in Chatham County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 580
Section 8 Project-Based Rental Assistance 22
USDA Section 515 Rural Rental Housing 276
Tracked Units by Federal Program in Chatham County, North Carolina

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

Income Based Apartments in Chatham County, North Carolina

Chatham County features 255 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 Chatham County, North Carolina

There are 1,042 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chatham County.

Housing Choice Vouchers in Chatham County, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Chatham County, North Carolina for a two-bedroom apartment is between $1,468 and $1,794.

Sourced from federal housing data and AffordableHousingOnline.com research.