Affordable Housing In Raleigh
Wake County, North Carolina

134 Low Income Apartment Communities In Raleigh

Elders Peak Senior Apartments

2917 Creech Road
Raleigh, NC
Income Based
1-2 BR
62+
HCV Welcome

River Birch at Town Center

2611 Torquay Xing
Raleigh, NC
$721-1,180
1-3 BR
HCV Welcome

Walnut Ridge

3400 Hewberry Ln
Raleigh, NC
$911-1,144
2-4 BR
HCV Welcome

Shammah Winds Apartments

1407 Sawyer Rd
Raleigh, NC
$525
2 BR
HCV Welcome

Eastwood Court

573 E Davie St
Raleigh, NC
Call For Rent
2-4 BR
Family & Senior

Milburnie Road Apartments

901 Sawpit Dr
Raleigh, NC
$570-634
2-3 BR
HCV Welcome

West Oaks Apartments

705 Flavion Dr
Raleigh, NC
$550-620
2-3 BR
HCV Welcome

Marsh Creek

2410 Brentwood Rd
Raleigh, NC
$353-606
1-3 BR
HCV Welcome

Hodges Creek Apartments

2020 Hodges Creek Dr
Raleigh, NC
$590-665
2-3 BR
HCV Welcome

The Arbors

2611 Pine Village Rd
Raleigh, NC
$595-680
2-3 BR
HCV Welcome

Housing Authorities that serve Raleigh

Housing Authority Programs
Raleigh Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Housing Authority of the County of Wake Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Public Housing Homeownership; Family Self-Sufficiency

Other Housing Authorities located in Raleigh

Housing Authority Programs
North Carolina Commission of Indian Affairs Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Raleigh, North Carolina

There are 134 low income housing apartment communities offering 7,996 affordable apartments for rent in Raleigh, North Carolina. Raleigh features 2,309 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 5,687 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Raleigh.

Sourced from federal housing data and AffordableHousingOnline.com research.

Raleigh, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 134
Total Low Income Apartments 7,996
Total Housing Units with Rental Assistance 2,309
Percentage of Housing Units Occupied By Renters 47.91%
Average Renter Household Size 2.30
Average Household Size 2.42
Median Household Income $55,398 ±$1,034
Median Rent $926 ±$8
Percentage Of Renters Overburdened 48.07% ± 1.67pp
Total Population 432,520

Population and Household Demographics

Raleigh is a City in Wake County, North Carolina with a population of 432,520. There are 170,366 households in the city with an average household size of 2.42 persons. 47.91% of households in Raleigh are renters.

Income and Rent Overburden in Raleigh

The median gross income for households in Raleigh is $55,398 a year, or $4,617 a month. The median rent for the city is $926 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Raleigh, a household making less than $3,087 a month would be considered overburdened when renting an apartment at or above the median rent. 48.07% of households who rent are overburdened in Raleigh.1

Area Median Income In Raleigh

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Raleigh, the AMI is calculated from all households within Wake County.

In Raleigh, HUD calculates the Area Median Income for a family of four as $93,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Raleigh

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Raleigh HUD Rental Assistance in Raleigh

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,500 $22,250 $25,050 $27,800 $30,170 $34,590 $39,010 $43,430
50% of Median $32,450 $37,100 $41,750 $46,350 $50,100 $53,800 $57,500 $61,200
80% of Median $51,950 $59,350 $66,750 $74,150 $80,100 $86,050 $91,950 $97,900
Low Income Housing Tax Credits in Raleigh

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2011, 352 low income apartment communities containing 4,903 rental apartments have been constructed and made affordable to low income persons in Raleigh by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Raleigh

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $32,450 $37,100 $41,750 $46,350 $50,100 $53,800 $57,500 $61,200
60% of Median $38,940 $44,520 $50,100 $55,620 $60,120 $64,560 $69,000 $73,440

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Raleigh is $50,100 a year, or $4,175 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,175 by 30% to get a maximum rent of $1,253 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $811 $869 $1,044 $1,206 $1,345 $1,484
60% $974 $1,043 $1,253 $1,447 $1,614 $1,781
Fair Market Rents in Raleigh

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$962 $1,022 $1,163 $1,482 $1,895