Low Income Apartments and Affordable Housing For Rent in New Bern, NC

Discover affordable housing in New Bern 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.

calendar_today Opened: Feb 2
Open Until Further Notice

Reported On February 23rd, 2024 by Colleen Carter

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In New Bern, North Carolina
$23.26/hour
$16.01 (+221%) more than North Carolina minimum wage and $16.01 (+221%) more than the Federal minimum wage.
Learn More About New Bern, North Carolina Affordable Housing ↓

What HUD offices serve New Bern, 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 Public Housing programs for New Bern, North Carolina.
Operates the Section 8 Housing Choice Voucher (HCV) programs for New Bern, North Carolina.

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

How many renters live in New Bern, North Carolina?

The City of New Bern has 31,373 people living in 14,182 households.

There are 12,008 renters living in 5,903 renter households in this City. Renters make up 38.27 percent of the population living in New Bern.

What is the rental market like in New Bern, North Carolina?

There are an estimated 16,265 housing units in the New Bern area. Of these, 6,443 units are rental homes, making up 40 percent of the housing market. For every renter household in New Bern, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in New Bern?

The rental vacancy rate in New Bern 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 New Bern for each bedroom size?

Occupied Rental Units by Size in New Bern
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
234 1,248 2,089 2,087 245
Occupied Rental Units by Size in New Bern

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

Among renter households in this market, 48 percent have housing cost burden. Further, 27 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 New Bern

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $928 to $2,084. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $928
One BR $935
Two BR $1,228
Three BR $1,660
Four BR $2,084
2024 Fair Market Rents in New Bern, North Carolina

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

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 36 15 percent
One BR 837 67 percent
Two BR 1,403 67 percent
Rental Units Below FMR in New Bern, North Carolina

How many affordable rental units are in New Bern?

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

Federal Program Unit Count
Low Income Housing Tax Credit 930
Public Housing 218
Section 8 Project-Based Rental Assistance 478
Section 202 Supportive Housing for the Elderly 118
USDA Section 515 Rural Rental Housing 262
Tracked Units by Federal Program in New Bern, North Carolina

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

Income Based Apartments in New Bern, North Carolina

New Bern features 1,213 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 New Bern, North Carolina

There are 680 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Bern.

Housing Choice Vouchers in New Bern, North Carolina

On average, Section 8 Housing Choice vouchers pay New Bern landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in New Bern.

The maximum amount a voucher would pay on behalf of a low-income tenant in New Bern, North Carolina for a two-bedroom apartment is between $1,105 and $1,351.

Sourced from federal housing data and AffordableHousingOnline.com research.