Low Income Apartments and Affordable Housing For Rent in Stanly County, NC

Discover affordable housing in Stanly County where there are 24+ 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.

Creekridge Apartments

100 Creekridge Cir, Albemarle, North Carolina 28001

Woodhaven

1901 Woodhaven Drive, Albemarle, North Carolina 28001

Morrow Chase Apartments

2002 Foxrun Dr, Albemarle, North Carolina 28001

Poplin Court

1234 Columbus St, Albemarle, North Carolina 28001

Edgewood Place Apartments

1401 N 6th St, Albemarle, North Carolina 28001

Forest Oaks

1911 Midwood Drive, Albemarle, North Carolina 28001

Matthews Place

411 S 4th St, Albemarle, North Carolina 28001

Elizabeth Heights

509 Martin Luther King Dr., Albemarle, North Carolina 28001

Amhurst Gardens

301 S Bell Ave, Albemarle, North Carolina 28001

Uwharrie Trail Senior Living

207 Barney Poplin Dr., Albemarle, North Carolina 28001

The Reserve

200 Woodhaven Dr, Albemarle, North Carolina 28001

Henson Place

710 Henson St, Albemarle, North Carolina 28001

Ridge Run Apartments

900 Foxrun Dr, Albemarle, North Carolina 28001

Cac of Stanly Co.

425 Pee Dee Ave, Albemarle, North Carolina 28001

As Stanly Co. Apartments 2

501 Heathwood Dr, Albemarle, North Carolina 28001

As Stanly Co. G.H. 1

510 N 4th St, Albemarle, North Carolina 28001

Arc Hds Stanly County Group Home 1

610 E Main St, Albemarle, North Carolina 28001

Arc Hds Stanly County Group Home 3

1213 Moss Springs Rd, Albemarle, North Carolina 28001

Arc Hds Stanly Co Group Home 4

1100 Lafayette Dr, Albemarle, North Carolina 28001

Arc Hds Stanly County Group Home 2

207 Anderson Rd, Albemarle, North Carolina 28001

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Stanly County, North Carolina
$17.52/hour
$10.27 (+142%) more than North Carolina minimum wage and $10.27 (+142%) more than the Federal minimum wage.
Learn More About Stanly County, North Carolina Affordable Housing ↓

What HUD offices serve Stanly County, 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), Public Housing programs for Stanly County, North Carolina.

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

How many renters live in Stanly County, North Carolina?

The County of Stanly County has 62,723 people living in 23,773 households.

There are 15,209 renters living in 5,976 renter households in this County. Renters make up 24.25 percent of the population living in Stanly County.

What is the rental market like in Stanly County, North Carolina?

There are an estimated 27,802 housing units in the Stanly County area. Of these, 6,190 units are rental homes, making up 22 percent of the housing market. For every renter household in Stanly County, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Stanly County?

The rental vacancy rate in Stanly County is 2 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 Stanly County for each bedroom size?

Occupied Rental Units by Size in Stanly County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
119 935 2,330 2,255 266
Occupied Rental Units by Size in Stanly County

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

Among renter households in this market, 35 percent have housing cost burden. Further, 19 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 Stanly County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $627 to $1,552. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $627
One BR $704
Two BR $925
Three BR $1,244
Four BR $1,552
2024 Fair Market Rents in Stanly County, North Carolina

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

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 70 59 percent
One BR 554 59 percent
Two BR 1,389 60 percent
Rental Units Below FMR in Stanly County, North Carolina

How many affordable rental units are in Stanly County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 610
Public Housing 199
Section 8 Project-Based Rental Assistance 20
Section 202 Supportive Housing for the Elderly 82
Section 811 Supportive Housing for Persons with Disabilities 30
USDA Section 515 Rural Rental Housing 186
Tracked Units by Federal Program in Stanly County, North Carolina

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

Income Based Apartments in Stanly County, North Carolina

Stanly County features 567 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 Stanly County, North Carolina

There are 339 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stanly County.

Housing Choice Vouchers in Stanly County, North Carolina

On average, Section 8 Housing Choice vouchers pay Stanly County landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Stanly County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Stanly County, North Carolina for a two-bedroom apartment is between $833 and $1,018.

Sourced from federal housing data and AffordableHousingOnline.com research.