Low Income Apartments and Affordable Housing For Rent in Red Springs, NC

Discover affordable housing in Red Springs where there are 7+ 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.

Highlander Apartments

119 Roberts St, Red Springs, North Carolina 28377

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

92 Knox Dr

92 Knox Dr, Red Springs, North Carolina 28377

bed 3
payment $1050/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

400 Daniel McLeod Rd

400 Daniel McLeod Rd, Red Springs, North Carolina 28377

bed 1
payment $650/mo.

Willow Grove

322 Mount Tabor Rd, Red Springs, North Carolina 28377

switch_access_shortcut Short Wait
accessibility Accessible

Providence Place III

205 Mount Tabor Rd, Red Springs, North Carolina 28377

payment Subsidized
elderly Senior
accessibility Accessible

Providence Place VI

702 E 3rd Ave, Red Springs, North Carolina 28377

payment Subsidized
elderly Senior
accessibility Accessible

Westgate Terrace and Benton Courts

1A Westgate Terrace Apts, Red Springs, North Carolina 28377

payment Subsidized

How To Identify Affordable Housing in Red Springs, 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 Red Springs, North Carolina
$16.21/hour
$8.96 (+124%) more than North Carolina minimum wage and $8.96 (+124%) more than the Federal minimum wage.
Learn More About Red Springs, North Carolina Affordable Housing ↓

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

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

How many renters live in Red Springs, North Carolina?

The City of Red Springs has people living in households.

There are renters living in renter households in this City. Renters make up 47.98 percent of the population living in Red Springs.

What is the rental market like in Red Springs, North Carolina?

There are an estimated housing units in the Red Springs area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Red Springs, North Carolina, there are 1.11 rental units.

What is the vacancy rate for rentals in Red Springs?

The rental vacancy rate in Red Springs is 10 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 Red Springs for each bedroom size?

Occupied Rental Units by Size in Red Springs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
217 51 88 193 20
Occupied Rental Units by Size in Red Springs

A large number of apartments in Red Springs 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 Red Springs

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $793 to $1,780. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $793
One BR $798
Two BR $1,049
Three BR $1,478
Four BR $1,780
2024 Fair Market Rents in Red Springs, North Carolina

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

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 195 90 percent
One BR 46 90 percent
Two BR 60 68 percent
Rental Units Below FMR in Red Springs, North Carolina

How many affordable rental units are in Red Springs?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Red Springs, North Carolina

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

Income Based Apartments in Red Springs, North Carolina

Red Springs features 236 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 Red Springs, North Carolina

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Red Springs.

Housing Choice Vouchers in Red Springs, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Red Springs, North Carolina for a two-bedroom apartment is between $770 and $942.

Sourced from federal housing data and AffordableHousingOnline.com research.

Email Signup
Don't Miss A Waiting List Opening