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

Discover affordable housing in Davidson where there are 6+ 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.

Oak Hill Apartments

831 Beaty St , Davidson, North Carolina 28036

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

The Bungalows

328 Jetton St, Davidson, North Carolina 28036

switch_access_shortcut Short Wait
accessibility Accessible

10838 Traders Court Davidson NC

10838 Traders Ct, Davidson, North Carolina 28036

bed 3
payment $1829/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

3371 Streamside Dr

3371 Streamside Dr, Davidson, North Carolina 28036

bed 5
payment $2265/mo.

Creekside Corners 2 Duplexs

216 Sloan St, Davidson, North Carolina 28036

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Davidson Lp

3131 Maple Way Dr, Davidson, North Carolina 28036

How To Identify Affordable Housing in Davidson, 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.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Davidson, 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 Davidson, North Carolina Affordable Housing ↓

What HUD offices serve Davidson, 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 programs for Davidson, North Carolina.

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

How many renters live in Davidson, North Carolina?

The City of Davidson has people living in households.

There are renters living in renter households in this City. Renters make up 15.26 percent of the population living in Davidson.

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

There are an estimated housing units in the Davidson area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Davidson, North Carolina, there are 1.21 rental units.

What is the vacancy rate for rentals in Davidson?

The rental vacancy rate in Davidson is 14 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 Davidson for each bedroom size?

Occupied Rental Units by Size in Davidson
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
22 322 628 301 21
Occupied Rental Units by Size in Davidson

A large number of apartments in Davidson have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Davidson

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,046 to $2,048. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,046
One BR $1,075
Two BR $1,207
Three BR $1,652
Four BR $2,048
2024 Fair Market Rents in Davidson, North Carolina

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

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 0 100 percent
One BR 209 65 percent
Two BR 241 38 percent
Rental Units Below FMR in Davidson, North Carolina

How many affordable rental units are in Davidson?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Tracked Units by Federal Program in Davidson, North Carolina

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

Income Based Apartments in Davidson, North Carolina

Davidson features 0 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 Davidson, North Carolina

There are 145 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Davidson.

Housing Choice Vouchers in Davidson, North Carolina

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.