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

Discover affordable housing in Lexington where there are 25+ 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.

Forest Hill Apartments

900 Apex Dr, Lexington, North Carolina 27295

bed 2-4
payment $405-585/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Mt Moriah Manor

202 Robert Floyd Dr, Lexington, North Carolina 27295

bed 1
payment Subsidized

Green Hill

309 E 9th Street Ext, Lexington, North Carolina 27295

bed 1
payment Subsidized

Hilltop Terrace Apartments

111 N Carolina Ave , Lexington, North Carolina 27292

bed Studio-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Jackson Square

100 Jackson Square Drive, Lexington, North Carolina 27295

switch_access_shortcut Short Wait
accessibility Accessible

The Arbor at Cotton Grove

100 Cotton Grove Circle, Lexington, North Carolina 27292

bed 1-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based

Tyro School Apartments

Tyro School Rd, Lexington, North Carolina 27295

payment Subsidized
elderly Senior
accessibility Accessible

Club Apartments

6 London Ct, Lexington, North Carolina 27292

payment Subsidized

United Church Homes and Services Inc

E Center St, Lexington, North Carolina 27292

payment Subsidized
elderly Senior
accessibility Accessible

106 Jessup St Unit A

106 Jessup St Unit A, Lexington, North Carolina 27292

bed 2
payment $895/mo.

1710 Old U.S. Hwy 52

1710 Old U.S. Hwy 52, Lexington, North Carolina 27295

bed 3
payment $1145/mo.

Workshop Group Home 1

509 Shoaf St, Lexington, North Carolina 27292

payment Subsidized
accessibility Accessible
accessible_forward Disability

Arc Hds Davidson Co Gh 2

434 Shannon Dr, Lexington, North Carolina 27292

switch_access_shortcut Short Wait

Arc Hds Davidson Co Gh 3

700 Hunters Way, Lexington, North Carolina 27292

payment Subsidized
accessibility Accessible
accessible_forward Disability

Arc Hds Davidson Co Gh 4

123 Delta St, Lexington, North Carolina 27295

payment Subsidized
accessibility Accessible
accessible_forward Disability

Kidron Korner

500 Swing Dairy Rd, Lexington, North Carolina 27295

Grimes School Apartments

27 Hege Dr, Lexington, North Carolina 27292

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Southside Village

101 Hankins Dr, Lexington, North Carolina 27292

switch_access_shortcut Short Wait
accessibility Accessible

East View Terrace

5 Terrace Ln, Lexington, North Carolina 27292

switch_access_shortcut Short Wait
accessibility Accessible

Martin Apartments

155 Swing Dairy Rd, Lexington, North Carolina 27295

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

How To Identify Affordable Housing in Lexington, North Carolina

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lexington, North Carolina
$18.07/hour
$10.82 (+149%) more than North Carolina minimum wage and $10.82 (+149%) more than the Federal minimum wage.
Learn More About Lexington, North Carolina Affordable Housing ↓

What HUD offices serve Lexington, 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 Lexington, North Carolina.

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

How many renters live in Lexington, North Carolina?

The City of Lexington has people living in households.

There are renters living in renter households in this City. Renters make up 54.44 percent of the population living in Lexington.

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

There are an estimated housing units in the Lexington area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lexington, North Carolina, there are 1.08 rental units.

What is the vacancy rate for rentals in Lexington?

The rental vacancy rate in Lexington 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 Lexington for each bedroom size?

Occupied Rental Units by Size in Lexington
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
139 543 2,096 1,751 115
Occupied Rental Units by Size in Lexington

A large number of apartments in Lexington have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Lexington

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $768 to $1,557. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $768
One BR $773
Two BR $954
Three BR $1,264
Four BR $1,557
2024 Fair Market Rents in Lexington, North Carolina

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

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 73 53 percent
One BR 396 73 percent
Two BR 1,650 79 percent
Rental Units Below FMR in Lexington, North Carolina

How many affordable rental units are in Lexington?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Lexington, North Carolina

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

Income Based Apartments in Lexington, North Carolina

Lexington features 538 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 Lexington, North Carolina

There are 314 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lexington.

Housing Choice Vouchers in Lexington, North Carolina

On average, Section 8 Housing Choice vouchers pay Lexington landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Lexington.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lexington, North Carolina for a two-bedroom apartment is between $859 and $1,049.

Sourced from federal housing data and AffordableHousingOnline.com research.

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