Affordable Housing In Raleigh
Wake County, North Carolina

134 Low Income Apartment Communities In Raleigh

Overlooke at Simms Creek

7650 Pangea Ln
Raleigh, NC
Call For Rent
1-3 BR
Accepts Vouchers

The Oaks at Brier Creek

9941 Brier Oak Place
Raleigh, NC
$695-895
1-3 BR
Accepts Vouchers

The Oaks

590 Lipscomb Ct
Raleigh, NC
Call For Rent
2-4 BR
Family & Senior

Meadow Ridge

3509 Meadow Ridge Dr
Raleigh, NC
Call For Rent
1-5 BR
Family & Senior

Birchwood Eastwood

716 E Hargett St
Raleigh, NC
Call For Rent
2-4 BR

Stonecrest

3968 Hare Snipe Ct
Raleigh, NC
Call For Rent
2-3 BR
Family & Senior

Berkshire Village

8339 McGuire Dr
Raleigh, NC
Call For Rent
3 BR
Family & Senior

River Haven Apartments

9300 Capital Blvd
Raleigh, NC
$800-1,285
2-3 BR
Accepts Vouchers

Chestnut Hills Apartments

111 Milchest Place
Raleigh, NC
$655-725
2-3 BR
Accepts Vouchers

Lennox Chase

2534 Lake Wheeler Rd
Raleigh, NC
Income Based
Studio BR
Accepts Vouchers

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.

Income Based Apartments in Raleigh, North Carolina

Raleigh features 2,309 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 Raleigh, North Carolina

There are 5,687 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Raleigh.

Housing Choice Vouchers in Raleigh, North Carolina

On average, Section 8 Housing Choice vouchers pay Raleigh landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Raleigh.

The maximum amount a voucher would pay on behalf of a low-income tenant in Raleigh, North Carolina for a two-bedroom apartment is between $1,047 and $1,279.

2020 Raleigh, North Carolina Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $962 $1,022 $1,163 $1,482 $1,895
Payment Standard Range $866 to $1,058 $920 to $1,124 $1,047 to $1,279 $1,334 to $1,630 $1,706 to $2,085

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