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

Discover affordable housing in Locust where there are 7+ 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.

Town Centre Apartments

259 Town Centre Dr., Locust, North Carolina 28097

bed 2-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

24671 Ridgecrest Rd

24671 Ridgecrest Rd, Locust, North Carolina 28097

bed 3
payment $1250/mo.

8919 Comstock Ct

8919 Comstock Ct, Locust, North Carolina 28097

bed 4
payment $2330/mo.

8918 Comstock Ct

8918 Comstock Ct, Locust, North Carolina 28097

bed 4
payment $1810/mo.

8820 Cornwall St

8820 Cornwall St, Locust, North Carolina 28097

bed 4
payment $1995/mo.

Ardsley Commons

317 Ardsley Dr, Locust, North Carolina 28097

switch_access_shortcut Short Wait
accessibility Accessible

The Village

259 Town Center Dr, Locust, North Carolina 28097

switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Locust, 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 Locust, North Carolina
$17.52/hour
$10.27 (+142%) more than North Carolina minimum wage and $10.27 (+142%) more than the Federal minimum wage.
Learn More About Locust, North Carolina Affordable Housing ↓

How many renters live in Locust, North Carolina?

The City of Locust has people living in households.

There are renters living in renter households in this City. Renters make up 11.02 percent of the population living in Locust.

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

There are an estimated housing units in the Locust area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Locust, North Carolina, there are 1.17 rental units.

What is the vacancy rate for rentals in Locust?

The rental vacancy rate in Locust is 14 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 Locust for each bedroom size?

Occupied Rental Units by Size in Locust
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 9 146 73 19
Occupied Rental Units by Size in Locust

A large number of apartments in Locust 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 Locust

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 Locust, North Carolina

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

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
One BR 7 78 percent
Two BR 105 72 percent
Rental Units Below FMR in Locust, North Carolina

How many affordable rental units are in Locust?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Tracked Units by Federal Program in Locust, North Carolina

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

Income Based Apartments in Locust, North Carolina

Locust features 0 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 Locust, North Carolina

There are 144 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Locust.

Housing Choice Vouchers in Locust, North Carolina

On average, Section 8 Housing Choice vouchers pay Locust landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Locust.

The maximum amount a voucher would pay on behalf of a low-income tenant in Locust, North Carolina for a two-bedroom apartment is between $833 and $1,018.

Sourced from federal housing data and AffordableHousingOnline.com research.

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