. Low Income Apartments For Rent in Concord, North Carolina - Affordable Housing Online

Apply to Concord Apartment Waiting Lists

Beechwood Place Apartments

850 S Breeze Ct
Concord, North Carolina
Rent Assisted
LIHTC
Call For Rent
1-4 BR

Brooke Pointe Manor

1415 Fairington Dr NW
Concord, North Carolina
Rent Assisted
LIHTC

Concord Pointe

4502 Concord Pointe Ln SW
Concord, North Carolina
Rent Assisted
LIHTC

Fairington West Apartments

3140 Chapwin Circle
Concord, North Carolina
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S. 515 Rural
RDRA

Wesbury Apartments

200 Bishop Ln
Concord, North Carolina
Subsidized
Senior
S. 202

Camilla Hill

185 Wilkinson Ct SE
Concord, North Carolina
Subsidized
PBRA
S. 223

Concord Chase

100 Concord Chase Cir
Concord, North Carolina
Rent Assisted
LIHTC
$600-850
1-4 BR

Brooke Pointe Apartments

1490 Fairington Dr NW
Concord, North Carolina
Rent Assisted
LIHTC

Villas at Logan Gardens

210 Booker Dr SW
Concord, North Carolina
Rent Assisted
LIHTC

CHC Carrabus 2

Ashlyn Dr
Concord, North Carolina
Subsidized
Supportive
S. 811 Supportive

Greens of Concord

1202 Norman Pt
Concord, North Carolina
Rent Assisted
LIHTC

Wellspring Village

3770 Wellspring Rd SW
Concord, North Carolina
Rent Assisted
LIHTC

Cac of Cabarrus County 2

210 Misenheimer Dr NW
Concord, North Carolina
Subsidized
Supportive
S. 811 Supportive

Wnc Community Homes 3

495 Tripolis St SE
Concord, North Carolina
Subsidized
Senior
S. 202

Arc Hds Cabarrus Co Gh 3

211 Long Ave NE
Concord, North Carolina
Subsidized
Senior
S. 202
Showing Results 1-15

There are 800 low-income apartments in Concord that offer reduced rents to eligible households.

Rental assistance programs support 405 low-income homes in Concord where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $344 towards rent each month.

Affordable rent data for some communities last confirmed on March 20th, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Concord, 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.

Housing Authority Programs
Housing Authority of the City of Concord Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Concord.

Concord, North Carolina Affordable Housing Data

Income Based Apartments in Concord, North Carolina

Concord features 405 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 Concord, North Carolina

There are 800 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Concord.

Housing Choice Vouchers in Concord, North Carolina

On average, Section 8 Housing Choice vouchers pay Concord landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Concord.

The maximum amount a voucher would pay on behalf of a low-income tenant in Concord, North Carolina for a two-bedroom apartment is between $1,200 and $1,466.

2023 Concord, 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
Concord, North Carolina Fair Market Rent $1,154 $1,180 $1,333 $1,691 $2,183
Concord, North Carolina Payment Standard Range $1,039 to $1,269 $1,062 to $1,298 $1,200 to $1,466 $1,522 to $1,860 $1,965 to $2,401

Sourced from federal housing data and AffordableHousingOnline.com research.

Concord, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 1,205
Total Housing Units with Rental Assistance 405
Percentage of Housing Units Occupied By Renters 34.26%
Average Renter Household Size 2.64
Average Household Size 2.77
Median Household Income $53,587 ±$1,781
Median Rent $818 ±$25
Percentage Of Renters Overburdened 43.07% ± 3.87pp
Total Population 83,903

Population and Household Demographics

Concord is a city in Cabarrus County, North Carolina with a population of 83,903. There are 29,921 households in the city with an average household size of 2.77 persons. 34.26% of households in Concord are renters.

Income and Rent Overburden in Concord

The median gross income for households in Concord is $53,587 a year, or $4,466 a month. The median rent for the city is $818 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Concord, a household making less than $2,727 a month would be considered overburdened when renting an apartment at or above the median rent. 43.07% of households who rent are overburdened in Concord.

Area Median Income In Concord

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 Concord, the AMI is calculated from all households within Cabarrus County.

In Concord, HUD calculates the Area Median Income for a family of four as $102,800

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 Concord

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 Concord

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 Concord AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,950 $23,950 $26,950 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Concord AMI may qualify for rental assistance programs that target Very Low Income households.
$34,900 $39,900 $44,900 $49,850 $53,850 $57,850 $61,850 $65,850
80% AMI Income Limits
Renters earning up to 80% of the Concord AMI may qualify for rental assistance programs that target Low Income households.
$55,850 $63,800 $71,800 $79,750 $86,150 $92,550 $98,900 $105,300