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

Apply to Elon Apartment Waiting Lists

Arc Hds Alamance Co Gh 6

529 S Williamson Ave
Elon, North Carolina
S. 202

Arc Hds Alamance County Gh 11

500 Veterans Dr
Elon, North Carolina
S. 811 Supportive
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There are 0 low-income apartments in Elon that offer reduced rents to eligible households.

Rental assistance programs support 12 low-income homes in Elon where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Elon, 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
Graham Housing Authority 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 Elon.

Elon, North Carolina Affordable Housing Data

Income Based Apartments in Elon, North Carolina

Elon features 12 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 Elon, North Carolina

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elon.

Housing Choice Vouchers in Elon, North Carolina

On average, Section 8 Housing Choice vouchers pay Elon landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Elon.

The maximum amount a voucher would pay on behalf of a low-income tenant in Elon, North Carolina for a two-bedroom apartment is between $921 and $1,125.

2023 Elon, 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
Elon, North Carolina Fair Market Rent $714 $837 $1,023 $1,285 $1,390
Elon, North Carolina Payment Standard Range $643 to $785 $753 to $921 $921 to $1,125 $1,157 to $1,414 $1,251 to $1,529

Sourced from federal housing data and AffordableHousingOnline.com research.

Elon, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 12
Total Housing Units with Rental Assistance 12
Percentage of Housing Units Occupied By Renters 51.11%
Average Renter Household Size 2.04
Average Household Size 2.23
Median Household Income $44,484 ±$7,222
Median Rent $1,100 ±$140
Percentage Of Renters Overburdened 55.79% ± 11.41pp
Total Population 9,698

Population and Household Demographics

Elon is a city in Alamance County, North Carolina with a population of 9,698. There are 3,009 households in the city with an average household size of 2.23 persons. 51.11% of households in Elon are renters.

Income and Rent Overburden in Elon

The median gross income for households in Elon is $44,484 a year, or $3,707 a month. The median rent for the city is $1,100 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Elon, a household making less than $3,667 a month would be considered overburdened when renting an apartment at or above the median rent. 55.79% of households who rent are overburdened in Elon.

Area Median Income In Elon

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 Elon, the AMI is calculated from all households within Alamance County.

In Elon, HUD calculates the Area Median Income for a family of four as $78,800

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 Elon

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 Elon

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 Elon AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,600 $19,720 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Elon AMI may qualify for rental assistance programs that target Very Low Income households.
$27,600 $31,550 $35,500 $39,400 $42,600 $45,750 $48,900 $52,050
80% AMI Income Limits
Renters earning up to 80% of the Elon AMI may qualify for rental assistance programs that target Low Income households.
$44,150 $50,450 $56,750 $63,050 $68,100 $73,150 $78,200 $83,250