Low Income Apartments and Affordable Housing For Rent in Guilford County, NC

Discover affordable housing in Guilford County where there are 124+ 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.

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Guilford County, 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 Guilford County, North Carolina Affordable Housing ↓

What HUD offices serve Guilford County, 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 Guilford County, North Carolina.

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

How many renters live in Guilford County, North Carolina?

The County of Guilford County has 546,101 people living in 220,704 households.

There are 192,287 renters living in 88,831 renter households in this County. Renters make up 35.21 percent of the population living in Guilford County.

What is the rental market like in Guilford County, North Carolina?

There are an estimated 237,789 housing units in the Guilford County area. Of these, 92,882 units are rental homes, making up 39 percent of the housing market. For every renter household in Guilford County, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Guilford County?

The rental vacancy rate in Guilford County 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 Guilford County for each bedroom size?

Occupied Rental Units by Size in Guilford County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2,933 16,999 37,786 24,709 5,524
Occupied Rental Units by Size in Guilford County

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

Among renter households in this market, 48 percent have housing cost burden. Further, 24 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 Guilford County

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 Guilford County, North Carolina

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

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 2,164 74 percent
One BR 10,409 61 percent
Two BR 21,361 57 percent
Rental Units Below FMR in Guilford County, North Carolina

How many affordable rental units are in Guilford County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 5,927
Public Housing 1,459
Section 8 Project-Based Rental Assistance 1,615
Section 202 Supportive Housing for the Elderly 200
Section 811 Supportive Housing for Persons with Disabilities 101
USDA Section 515 Rural Rental Housing 63
Tracked Units by Federal Program in Guilford County, North Carolina

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

Income Based Apartments in Guilford County, North Carolina

Guilford County features 3,612 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 Guilford County, North Carolina

There are 2,281 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Guilford County.

Housing Choice Vouchers in Guilford County, North Carolina

On average, Section 8 Housing Choice vouchers pay Guilford County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Guilford County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.