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

Discover affordable housing in Farmville where there are 7+ 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.

Dogwoods Apartments

4352 South Main Street, Farmville, North Carolina 27828

Forest Village Apartments

4753 Forest Village Dr, Farmville, North Carolina 27828

Hunters Ridge Apartments

3720 Powder Horne Ln, Farmville, North Carolina 27828

Pine Grove Apartments

4284 Anderson Ave, Farmville, North Carolina 27828

The Veranda Apartments

3607 S Pitt St, Farmville, North Carolina 27828

Fieldcrest Apartments

4501 Fieldcrest Dr., Farmville, North Carolina 27828

Azalea Gardens Apartments

4331 Belcher Street, Farmville, North Carolina 27828

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Farmville, North Carolina
$21.88/hour
$14.63 (+202%) more than North Carolina minimum wage and $14.63 (+202%) more than the Federal minimum wage.
Learn More About Farmville, North Carolina Affordable Housing ↓

What HUD offices serve Farmville, 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 Public Housing programs for Farmville, North Carolina.

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

How many renters live in Farmville, North Carolina?

The City of Farmville has 4,474 people living in 2,094 households.

There are 2,063 renters living in 913 renter households in this City. Renters make up 46.11 percent of the population living in Farmville.

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

There are an estimated 2,279 housing units in the Farmville area. Of these, 913 units are rental homes, making up 40 percent of the housing market. For every renter household in Farmville, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Farmville?

The rental vacancy rate in Farmville is 0 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 Farmville for each bedroom size?

Occupied Rental Units by Size in Farmville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
70 77 328 426 12
Occupied Rental Units by Size in Farmville

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

Among renter households in this market, 58 percent have housing cost burden. Further, 40 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 Farmville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $925 to $1,960. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $925
One BR $931
Two BR $1,155
Three BR $1,570
Four BR $1,960
2024 Fair Market Rents in Farmville, North Carolina

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

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 70 100 percent
One BR 66 86 percent
Two BR 267 81 percent
Rental Units Below FMR in Farmville, North Carolina

How many affordable rental units are in Farmville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 80
Public Housing 174
Section 8 Project-Based Rental Assistance 35
Section 811 Supportive Housing for Persons with Disabilities 9
USDA Section 515 Rural Rental Housing 142
Tracked Units by Federal Program in Farmville, North Carolina

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

Income Based Apartments in Farmville, North Carolina

Farmville features 153 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 Farmville, North Carolina

There are 56 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Farmville.

Housing Choice Vouchers in Farmville, North Carolina

On average, Section 8 Housing Choice vouchers pay Farmville landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Farmville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Farmville, North Carolina for a two-bedroom apartment is between $1,040 and $1,271.

Sourced from federal housing data and AffordableHousingOnline.com research.