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

Discover affordable housing in Richlands where there are 6+ 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.

Springwood Apartments

400 N Wilmington St, Richlands, North Carolina 28574

switch_access_shortcut Short Wait
accessibility Accessible

Baytree Apartments

401 S Onslow St, Richlands, North Carolina 28574

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

114 Fire Tower Rd

114 Fire Tower Rd, Richlands, North Carolina 28574

bed 3
payment $900/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

114 Fire Tower Rd

114 Fire Tower Rd, Richlands, North Carolina 28574

bed 3
payment $900/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

330 Fire Tower Rd

330 Fire Tower Rd, Richlands, North Carolina 28574

bed 3
payment $950/mo.

Trade Wind Apts

201 S Onslow Stret, Richlands, North Carolina

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Richlands, 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 Richlands, North Carolina
$24.13/hour
$16.88 (+233%) more than North Carolina minimum wage and $16.88 (+233%) more than the Federal minimum wage.
Learn More About Richlands, North Carolina Affordable Housing ↓

How many renters live in Richlands, North Carolina?

The City of Richlands has people living in households.

There are renters living in renter households in this City. Renters make up 38.22 percent of the population living in Richlands.

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

There are an estimated housing units in the Richlands area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Richlands, North Carolina, there are 1.07 rental units.

What is the vacancy rate for rentals in Richlands?

The rental vacancy rate in Richlands is 7 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 Richlands for each bedroom size?

Occupied Rental Units by Size in Richlands
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 20 148 51 54
Occupied Rental Units by Size in Richlands

A large number of apartments in Richlands 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 Richlands

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $904 to $2,162. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $904
One BR $1,030
Two BR $1,274
Three BR $1,795
Four BR $2,162
2024 Fair Market Rents in Richlands, North Carolina

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

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
One BR 20 100 percent
Two BR 138 93 percent
Rental Units Below FMR in Richlands, North Carolina

How many affordable rental units are in Richlands?

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

Federal Program Unit Count
Low Income Housing Tax Credit
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Richlands, North Carolina

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

Income Based Apartments in Richlands, North Carolina

Richlands features 73 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 Richlands, North Carolina

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richlands.

Housing Choice Vouchers in Richlands, North Carolina

On average, Section 8 Housing Choice vouchers pay Richlands landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Richlands.

The maximum amount a voucher would pay on behalf of a low-income tenant in Richlands, North Carolina for a two-bedroom apartment is between $1,147 and $1,401.

Sourced from federal housing data and AffordableHousingOnline.com research.