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

Discover affordable housing in Louisburg where there are 27+ 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.

Mckenzie Park Apartments

100 West River Rd, Louisburg, North Carolina 27549

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
accessibility Accessible

Louisburg Apartments

200 Wright Ave, Louisburg, North Carolina 27549

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

River Ridge Apartments

225 River Ridge Dr, Louisburg, North Carolina 27549

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Green Hill Manor I

360 Burnette Rd, Louisburg, North Carolina 27549

payment Subsidized

20 K and M Way

20 K and M Way, Louisburg, North Carolina 27549

bed 2
payment $895/mo.

204-206-206 Cooper St Unit 206 Cooper St

204-206-206 Cooper St Unit 206 Cooper St, Louisburg, North Carolina 27549

bed 2
payment $995/mo.

Franklin Court Apartments

310 Second St, Louisburg, North Carolina 27549

bed 1-4
payment $591-1123/mo.
payment Subsidized

Arc Hds Franklin Co Gh

29 Strange Rd, Louisburg, North Carolina 27549

payment Subsidized
accessibility Accessible
accessible_forward Disability

936a and 936b South Main Street

936 S Main St, Louisburg, North Carolina 27549

switch_access_shortcut Short Wait
accessibility Accessible

Hazelwood Apartments

356 Hazelwood Place, Louisburg, North Carolina

216 and 218 Cooper Street

216 Cooper St, Louisburg, North Carolina 27549

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Dent Lane B

104 Dent Ln, Louisburg, North Carolina 27549

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Dent Lane C

108 Dent Ln, Louisburg, North Carolina 27549

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Cac of Franklin Co.

362 Burnette Rd, Louisburg, North Carolina 27549

payment Subsidized
accessibility Accessible
accessible_forward Disability

Harris Street Apartments

115 Harris St, Louisburg, North Carolina 27549

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Dent Lane D

202 Dent Ln, Louisburg, North Carolina 27549

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

204 and 206 Dent Lane

204 Dent Ln, Louisburg, North Carolina 27549

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

212 and 214 Cooper Street

212 Cooper St, Louisburg, North Carolina 27549

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

204 and 206 Cooper Street

204 Cooper St, Louisburg, North Carolina 27549

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Dent Lane A

100 Dent Ln, Louisburg, North Carolina 27549

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

How To Identify Affordable Housing in Louisburg, 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 Louisburg, North Carolina
$31.17/hour
$23.92 (+330%) more than North Carolina minimum wage and $23.92 (+330%) more than the Federal minimum wage.
Learn More About Louisburg, North Carolina Affordable Housing ↓

How many renters live in Louisburg, North Carolina?

The City of Louisburg has people living in households.

There are renters living in renter households in this City. Renters make up 41.53 percent of the population living in Louisburg.

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

There are an estimated housing units in the Louisburg area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Louisburg, North Carolina, there are 1.01 rental units.

What is the vacancy rate for rentals in Louisburg?

The rental vacancy rate in Louisburg is 1 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 Louisburg for each bedroom size?

Occupied Rental Units by Size in Louisburg
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
94 127 195 94 33
Occupied Rental Units by Size in Louisburg

A large number of apartments in Louisburg 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 Louisburg

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,427 to $2,711. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,427
One BR $1,466
Two BR $1,646
Three BR $2,035
Four BR $2,711
2024 Fair Market Rents in Louisburg, North Carolina

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

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 82 87 percent
One BR 99 78 percent
Two BR 195 100 percent
Rental Units Below FMR in Louisburg, North Carolina

How many affordable rental units are in Louisburg?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Louisburg, North Carolina

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

Income Based Apartments in Louisburg, North Carolina

Louisburg features 261 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 Louisburg, North Carolina

There are 58 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Louisburg.

Housing Choice Vouchers in Louisburg, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Louisburg, North Carolina for a two-bedroom apartment is between $1,481 and $1,811.

Sourced from federal housing data and AffordableHousingOnline.com research.

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