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

Discover affordable housing in Monroe where there are 72+ 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.

Icemorlee Street Apartments

1700 Icemorlee St, Monroe, North Carolina 28110

payment Subsidized

Piedmont Lofts

518 Miller St, Monroe, North Carolina 28110

bed 1-2
payment $1250-1450/mo.

Monticello Gardens

393 Monticello Dr, Monroe, North Carolina 28110

bed 1
payment $975/mo.

Arka Heights

4650 Old Charlotte Hwy, Monroe, North Carolina 28110

bed Studio
payment $1305/mo.

The Oaks at Monroe

201 Wilkes Dr, Monroe, North Carolina 28110

bed 2-3
payment $1495-1695/mo.

Woodbrook Apartment Homes

2525 Woodbrook Ln, Monroe, North Carolina 28110

bed Studio-2
payment $1060-1380/mo.

Nottingham Apartments

2613 Nottingham Ln, Monroe, North Carolina 28110

bed 2
payment $1425/mo.

2316 Silver Run Dr

2316 Silver Run Dr, Monroe, North Carolina 28110

bed 4
payment $2365/mo.

725 Scotch Meadows Loop

725 Scotch Meadows Loop, Monroe, North Carolina 28110

bed 4
payment $2200/mo.

1355 Woodhouse Dr

1355 Woodhouse Dr, Monroe, North Carolina 28110

bed 5
payment $2450/mo.

5512 Burning Ridge Dr

5512 Burning Ridge Dr, Monroe, North Carolina 28110

bed 3
payment $1835/mo.

4410 Red Hook Rd

4410 Red Hook Rd, Monroe, North Carolina 28110

bed 3
payment $1850/mo.

2048 Twilight Ln

2048 Twilight Ln, Monroe, North Carolina 28110

bed 4
payment $2085/mo.

4505 Capstone Dr

4505 Capstone Dr, Monroe, North Carolina 28110

bed 3
payment $1930/mo.

4707 Manchineel Ln

4707 Manchineel Ln, Monroe, North Carolina 28110

bed 4
payment $2199/mo.

323 Dexter Pl

323 Dexter Pl, Monroe, North Carolina 28110

bed 3
payment $1789/mo.

1000 Fort Clapsop Ct

1000 Fort Clapsop Ct, Monroe, North Carolina 28110

bed 3
payment $1910/mo.

2028 Stoney Pointe Cir

2028 Stoney Pointe Cir, Monroe, North Carolina 28112

bed 3
payment $1799/mo.

2829 Rosemeade Dr

2829 Rosemeade Dr, Monroe, North Carolina 28110

bed 3
payment $1839/mo.

1038 Counselors Dr

1038 Counselors Dr, Monroe, North Carolina 28110

bed 3
payment $1910/mo.

How To Identify Affordable Housing in Monroe, 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 Monroe, 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 Monroe, North Carolina Affordable Housing ↓

What HUD offices serve Monroe, 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 Monroe, North Carolina.

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

How many renters live in Monroe, North Carolina?

The City of Monroe has people living in households.

There are renters living in renter households in this City. Renters make up 38.29 percent of the population living in Monroe.

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

There are an estimated housing units in the Monroe area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Monroe, North Carolina, there are 1.02 rental units.

What is the vacancy rate for rentals in Monroe?

The rental vacancy rate in Monroe is 2 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 Monroe for each bedroom size?

Occupied Rental Units by Size in Monroe
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
262 467 2,191 1,586 222
Occupied Rental Units by Size in Monroe

A large number of apartments in Monroe 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 Monroe

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 Monroe, North Carolina

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

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 191 73 percent
One BR 419 90 percent
Two BR 1,981 90 percent
Rental Units Below FMR in Monroe, North Carolina

How many affordable rental units are in Monroe?

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

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

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

Income Based Apartments in Monroe, North Carolina

Monroe features 337 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 Monroe, North Carolina

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Monroe.

Housing Choice Vouchers in Monroe, North Carolina

On average, Section 8 Housing Choice vouchers pay Monroe landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Monroe.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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