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

Discover affordable housing in Greensboro where there are 115+ 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.

Windhill Apartments

202 Windhill Ct, Greensboro, North Carolina 27405

Spencer Street Apartments

2101 Spencer St, Greensboro, North Carolina 27401

Village Crossing

200 Berryman St, Greensboro, North Carolina 27405

Rankin School Place

1611 Spry St, Greensboro, North Carolina 27405

Laurence Manor

2300 Juliet Pl, Greensboro, North Carolina 27406

Cascades Grandview

830 W. Market St, Greensboro, North Carolina 27401

Aldersgate Apartments

2608 Merritt Dr, Greensboro, North Carolina 27407

Southwoods

2307 A Columbus Street, Greensboro, North Carolina 27406

Redhill Pointe

2931 West Vandalia Rd., Greensboro, North Carolina 27407

Richardson Hospital

603 S Benbow Rd, Greensboro, North Carolina 27401

Richardson Village

600-604 Dewitt St, Greensboro, North Carolina 27401

Muirs Landing

4803 Kenview St, Greensboro, North Carolina 27410

Sumner Ridge

4452 Old Randleman Road, Greensboro, North Carolina 27406

Gardengate Apartments

2611 Merritt Dr, Greensboro, North Carolina 27407

Parkside Apartments

306 Oconnor St, Greensboro, North Carolina 27406

Windhill Court

109 Wind Hill Ct, Greensboro, North Carolina 27405

Carolina Woods Apartments I & II

3409 N Ohenry Blvd, Greensboro, North Carolina 27405

Shepherd House

1500 Lankford St, Greensboro, North Carolina 27405

Morehead - Simkins Ind. Living Apartments

1301 Jolson St, Greensboro, North Carolina 27405

Rockwood Manor Apartments

3818 Rockwood Manor, Greensboro, North Carolina 27405

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Greensboro, North Carolina
$22.16/hour
$14.91 (+206%) more than North Carolina minimum wage and $14.91 (+206%) more than the Federal minimum wage.
Learn More About Greensboro, North Carolina Affordable Housing ↓

What HUD offices serve Greensboro, 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 Greensboro, North Carolina.

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

How many renters live in Greensboro, North Carolina?

The City of Greensboro has 301,118 people living in 122,726 households.

There are 130,376 renters living in 61,241 renter households in this City. Renters make up 43.3 percent of the population living in Greensboro.

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

There are an estimated 133,125 housing units in the Greensboro area. Of these, 64,046 units are rental homes, making up 48 percent of the housing market. For every renter household in Greensboro, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Greensboro?

The rental vacancy rate in Greensboro is 4 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 Greensboro for each bedroom size?

Occupied Rental Units by Size in Greensboro
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,721 13,512 28,046 13,967 3,413
Occupied Rental Units by Size in Greensboro

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

Among renter households in this market, 52 percent have housing cost burden. Further, 25 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 Greensboro

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,011 to $1,680. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,011
One BR $1,042
Two BR $1,170
Three BR $1,493
Four BR $1,680
2024 Fair Market Rents in Greensboro, North Carolina

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

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 1,085 63 percent
One BR 7,934 59 percent
Two BR 15,906 57 percent
Rental Units Below FMR in Greensboro, North Carolina

How many affordable rental units are in Greensboro?

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

Federal Program Unit Count
Low Income Housing Tax Credit 3,670
Public Housing 559
Section 8 Project-Based Rental Assistance 920
Section 202 Supportive Housing for the Elderly 123
Section 811 Supportive Housing for Persons with Disabilities 42
Tracked Units by Federal Program in Greensboro, North Carolina

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

Income Based Apartments in Greensboro, North Carolina

Greensboro features 3,542 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 Greensboro, North Carolina

There are 1,809 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Greensboro.

Housing Choice Vouchers in Greensboro, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Greensboro, North Carolina for a two-bedroom apartment is between $1,053 and $1,287.

Sourced from federal housing data and AffordableHousingOnline.com research.