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

Discover affordable housing in Kannapolis where there are 11+ 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.

Cabarrus Arms Apartments

450 Cabarrus Arms Dr, Kannapolis, North Carolina 28081

Villas at Forest Park

200 S Little Texas Rd , Kannapolis, North Carolina 28083

Royal Oak

1760 Citadel Ct , Kannapolis, North Carolina 28083

Prosperity Ridge

1430 El Paso Street, Kannapolis, North Carolina 28083

Westgreen Apartments

620 Atlantic Ct, Kannapolis, North Carolina 28081

Coldwater Ridge Apartments

2365 Coldwater Ridge Dr., Kannapolis, North Carolina 28083

Oak Crest Apartments

1605 Oakcrest Dr, Kannapolis, North Carolina 28083

Chc of Cabarrus County

2158 Windermere Dr, Kannapolis, North Carolina 28083

Arc Hds Cabarrus Co Gh 1

1201 Chipola St, Kannapolis, North Carolina 28083

Arc Hds Piedmont Icf Mr Group Home

1006 Michigan St, Kannapolis, North Carolina 28083

Running Brook, Grant St, Locust St

2300 Running Brook Dr, Kannapolis, North Carolina 28081

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Kannapolis, North Carolina
$29.43/hour
$22.18 (+306%) more than North Carolina minimum wage and $22.18 (+306%) more than the Federal minimum wage.
Learn More About Kannapolis, North Carolina Affordable Housing ↓

How many renters live in Kannapolis, North Carolina?

The City of Kannapolis has 53,314 people living in 19,026 households.

There are 19,014 renters living in 7,131 renter households in this City. Renters make up 35.66 percent of the population living in Kannapolis.

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

There are an estimated 22,068 housing units in the Kannapolis area. Of these, 8,606 units are rental homes, making up 39 percent of the housing market. For every renter household in Kannapolis, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Kannapolis?

The rental vacancy rate in Kannapolis is 10 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 Kannapolis for each bedroom size?

Occupied Rental Units by Size in Kannapolis
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
473 1,038 3,271 1,715 565
Occupied Rental Units by Size in Kannapolis

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

Among renter households in this market, 42 percent have housing cost burden. Further, 18 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 Kannapolis

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,347 to $2,481. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,347
One BR $1,384
Two BR $1,554
Three BR $1,936
Four BR $2,481
2024 Fair Market Rents in Kannapolis, North Carolina

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

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 377 80 percent
One BR 862 83 percent
Two BR 2,884 88 percent
Rental Units Below FMR in Kannapolis, North Carolina

How many affordable rental units are in Kannapolis?

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

Federal Program Unit Count
Low Income Housing Tax Credit 463
Public Housing 93
Section 8 Project-Based Rental Assistance 325
Section 202 Supportive Housing for the Elderly 38
Tracked Units by Federal Program in Kannapolis, North Carolina

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

Income Based Apartments in Kannapolis, North Carolina

Kannapolis features 486 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 Kannapolis, North Carolina

There are 284 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kannapolis.

Housing Choice Vouchers in Kannapolis, North Carolina

On average, Section 8 Housing Choice vouchers pay Kannapolis landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Kannapolis.

The maximum amount a voucher would pay on behalf of a low-income tenant in Kannapolis, North Carolina for a two-bedroom apartment is between $1,399 and $1,709.

Sourced from federal housing data and AffordableHousingOnline.com research.