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

Discover affordable housing in Cherryville where there are 14+ 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.

Cherrywood Apartments

510 Office Lane, Cherryville, North Carolina 28021

bed 1-3

Church Hill Apartments

411 N Pine St, Cherryville, North Carolina 28021

bed 1-4

Arc Hds Gaston Co Gh 1

1102 Requa Rd, Cherryville, North Carolina 28021

Colonial Oaks Apartments

400 W Academy St, Cherryville, North Carolina 28021

Martin 1 Duplex

Rt 3 Tot Dellinger Rd Box 619, Cherryville, North Carolina 28021

Martin 2 Duplex

607 Tot Dellinger Rd, Cherryville, North Carolina 28021

Cherry Manor Apts

201 South Dixie St, Cherryville, North Carolina

Harlyn House Apartments

705 S Mountain St, Cherryville, North Carolina 28021

Summer Apartments

715 N Mountain St, Cherryville, North Carolina 28021

Ross Duplex

713 N Mountain St, Cherryville, North Carolina 28021

Yount Duplex

1909 Lincolnton Hwy, Cherryville, North Carolina 28021

Helms Duplex

1903 Lincolnton Hwy, Cherryville, North Carolina 28021

Starling Duplex

618 N Mountain St, Cherryville, North Carolina 28021

Dedmon Duplex

616 N Mountain St, Cherryville, North Carolina 28021

How To Identify Affordable Housing in Cherryville, 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.
calendar_today Opened: Oct 1
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

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

What HUD offices serve Cherryville, 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), Rental Assistance Demonstration (RAD) programs for Cherryville, North Carolina.

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

How many renters live in Cherryville, North Carolina?

The City of Cherryville has 6,113 people living in 2,432 households.

There are 1,725 renters living in 807 renter households in this City. Renters make up 28.22 percent of the population living in Cherryville.

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

There are an estimated 2,708 housing units in the Cherryville area. Of these, 847 units are rental homes, making up 31 percent of the housing market. For every renter household in Cherryville, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Cherryville?

The rental vacancy rate in Cherryville is 5 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 Cherryville for each bedroom size?

Occupied Rental Units by Size in Cherryville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 104 476 217 10
Occupied Rental Units by Size in Cherryville

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

Among renter households in this market, 35 percent have housing cost burden. Further, 28 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 Cherryville

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 Cherryville, North Carolina

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

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
One BR 104 100 percent
Two BR 419 88 percent
Rental Units Below FMR in Cherryville, North Carolina

How many affordable rental units are in Cherryville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 124
Section 8 Project-Based Rental Assistance 35
USDA Section 515 Rural Rental Housing 98
Tracked Units by Federal Program in Cherryville, North Carolina

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

Income Based Apartments in Cherryville, North Carolina

Cherryville features 134 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 Cherryville, North Carolina

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cherryville.

Housing Choice Vouchers in Cherryville, North Carolina

On average, Section 8 Housing Choice vouchers pay Cherryville landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Cherryville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cherryville, North Carolina for a two-bedroom apartment is between $1,399 and $1,709.

Sourced from federal housing data and AffordableHousingOnline.com research.