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

Discover affordable housing in Newport where there are 5+ 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.

Elm Green Apartments

100 Elm Green Loop Dr, Newport, North Carolina 28570

Castle Glen

1817 Pollard Ct, Newport, North Carolina 28570

Blue Point Bay

201 Old Murdoch Rd, Newport, North Carolina 28570

Kings Mill Apartments

1200 Daughters Dr, Newport, North Carolina 28570

Arc Hds Carteret Co Gh

2331 N Lakeview Dr, Newport, North Carolina 28570

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Newport, North Carolina
$20.55/hour
$13.30 (+183%) more than North Carolina minimum wage and $13.30 (+183%) more than the Federal minimum wage.
Learn More About Newport, North Carolina Affordable Housing ↓

How many renters live in Newport, North Carolina?

The City of Newport has 4,407 people living in 1,640 households.

There are 1,105 renters living in 601 renter households in this City. Renters make up 25.07 percent of the population living in Newport.

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

There are an estimated 1,849 housing units in the Newport area. Of these, 601 units are rental homes, making up 33 percent of the housing market. For every renter household in Newport, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Newport?

The rental vacancy rate in Newport is 0 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 Newport for each bedroom size?

Occupied Rental Units by Size in Newport
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
32 153 170 246 0
Occupied Rental Units by Size in Newport

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

Among renter households in this market, 57 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 Newport

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $820 to $1,812. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $820
One BR $826
Two BR $1,085
Three BR $1,454
Four BR $1,812
2024 Fair Market Rents in Newport, North Carolina

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

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 0 100 percent
One BR 95 62 percent
Two BR 81 48 percent
Rental Units Below FMR in Newport, North Carolina

How many affordable rental units are in Newport?

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

Federal Program Unit Count
Low Income Housing Tax Credit 124
Section 8 Project-Based Rental Assistance 5
Tracked Units by Federal Program in Newport, North Carolina

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

Income Based Apartments in Newport, North Carolina

Newport features 6 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 Newport, North Carolina

There are 188 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newport.

Housing Choice Vouchers in Newport, North Carolina

On average, Section 8 Housing Choice vouchers pay Newport landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Newport.

The maximum amount a voucher would pay on behalf of a low-income tenant in Newport, North Carolina for a two-bedroom apartment is between $977 and $1,194.

Sourced from federal housing data and AffordableHousingOnline.com research.