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

Discover affordable housing in New Hanover County where there are 56+ 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.

Wellington Place

1000 WELLINGTON AVE, Wilmington, North Carolina 28401

Woodridge Pointe Apartments

1536 Sandlapper Wy, Wilmington, North Carolina 28412

Glover Plaza

1402 Little John Cir, Wilmington, North Carolina 28401

Hadden Hall II

3625 Caswell St, Wilmington, North Carolina 28403

Hadden Hall

3610 Caswell St, Wilmington, North Carolina 28403

Tidewater Townhomes

355 Greendale Drive, Wilmington, North Carolina 28405

Cape Fear Hotel Apartments

121 Chestnut Street, Wilmington, North Carolina 28401

Cypress Cove Apartments

331 S. Turners Run, Wilmington, North Carolina 28405

Canebreak Apartments

4917 Amy Drive, Wilmington, North Carolina 28403

Lockwood Village Apartments

4900 S College Rd, Wilmington, North Carolina 28412

University Place Apartments

932 Macmillan Avenue North, Wilmington, North Carolina 28403

Ahepa 408 Apartments

109 N Kerr Ave, Wilmington, North Carolina 28405

The Pointe at Taylor Estates

520 Taylor St, Wilmington, North Carolina 28401

Robert R. Taylor Senior Homes

1308 N 5th Ave, Wilmington, North Carolina 28401

New Brooklyn Homes at Taylor Estates

1205 N 4th St, Wilmington, North Carolina 28401

Robert S. Jervay-Loop

1088 Thomas C. Jervay Loop, Wilmington, North Carolina 28401

Robert S. Jervay-Covil

3430 Broad St, Wilmington, North Carolina 28403

Robert S. Jervay- Dawson

903 Dawson St, Wilmington, North Carolina 28401

Robert S Jervay-Adams

2225 Adams St, Wilmington, North Carolina 28401

Eastbrook Apartments

4105 Princess Place Dr, Wilmington, North Carolina 28405

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In New Hanover County, North Carolina
$28.69/hour
$21.44 (+296%) more than North Carolina minimum wage and $21.44 (+296%) more than the Federal minimum wage.
Learn More About New Hanover County, North Carolina Affordable Housing ↓

How many renters live in New Hanover County, North Carolina?

The County of New Hanover County has 234,921 people living in 103,978 households.

There are 80,253 renters living in 39,529 renter households in this County. Renters make up 34.16 percent of the population living in New Hanover County.

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

There are an estimated 120,170 housing units in the New Hanover County area. Of these, 43,481 units are rental homes, making up 36 percent of the housing market. For every renter household in New Hanover County, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in New Hanover County?

The rental vacancy rate in New Hanover County is 7 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 New Hanover County for each bedroom size?

Occupied Rental Units by Size in New Hanover County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,144 7,216 18,539 10,498 2,019
Occupied Rental Units by Size in New Hanover County

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

Among renter households in this market, 48 percent have housing cost burden. Further, 23 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 New Hanover County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,027 to $2,561. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,027
One BR $1,349
Two BR $1,515
Three BR $2,002
Four BR $2,561
2024 Fair Market Rents in New Hanover County, North Carolina

How many units are rented at Fair Market Rent (FMR) in New Hanover 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 440 38 percent
One BR 4,355 60 percent
Two BR 12,651 68 percent
Rental Units Below FMR in New Hanover County, North Carolina

How many affordable rental units are in New Hanover County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 2,502
Public Housing 1,003
Section 8 Project-Based Rental Assistance 645
Section 202 Supportive Housing for the Elderly 90
Section 811 Supportive Housing for Persons with Disabilities 11
Tracked Units by Federal Program in New Hanover County, North Carolina

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

Income Based Apartments in New Hanover County, North Carolina

New Hanover County features 1,439 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 New Hanover County, North Carolina

There are 2,143 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Hanover County.

Housing Choice Vouchers in New Hanover County, North Carolina

On average, Section 8 Housing Choice vouchers pay New Hanover County landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in New Hanover County.

The maximum amount a voucher would pay on behalf of a low-income tenant in New Hanover County, North Carolina for a two-bedroom apartment is between $1,364 and $1,667.

Sourced from federal housing data and AffordableHousingOnline.com research.