. Low Income Apartments For Rent in Rolesville, North Carolina - Affordable Housing Online

Apply to Rolesville Apartment Waiting Lists

The Grande at Granite Falls

400 Grand Rock Way
Rolesville, North Carolina
Rent Assisted
USDA S. 538
1 BR

Granite Falls Apartments

404 Hunter Falls Ln
Rolesville, North Carolina
Rent Assisted
2-3 BR
Showing Results 1-15
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There are 146 low-income apartments in Rolesville that offer reduced rents to eligible households. Low-income rents in Rolesville, North Carolina can range from $670 to $770 depending on the number of bedrooms.

Rental assistance programs support 0 low-income homes in Rolesville where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $323 towards rent each month.

Affordable rent data for some communities last confirmed on March 13th, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Rolesville, 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.

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

Rolesville, North Carolina Affordable Housing Data

Income Based Apartments in Rolesville, North Carolina

Rolesville features 0 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 Rolesville, North Carolina

There are 146 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rolesville.

Housing Choice Vouchers in Rolesville, North Carolina

On average, Section 8 Housing Choice vouchers pay Rolesville landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Rolesville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Rolesville, North Carolina for a two-bedroom apartment is between $1,271 and $1,553.

2023 Rolesville, 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
Rolesville, North Carolina Fair Market Rent $1,213 $1,250 $1,412 $1,733 $2,293
Rolesville, North Carolina Payment Standard Range $1,092 to $1,334 $1,125 to $1,375 $1,271 to $1,553 $1,560 to $1,906 $2,064 to $2,522

Sourced from federal housing data and AffordableHousingOnline.com research.

Rolesville, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 146
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 17.01%
Average Renter Household Size 3.73
Average Household Size 3.05
Median Household Income $81,569 ±$12,144
Median Rent $697 ±$107
Percentage Of Renters Overburdened 28.67% ± 30.76pp
Total Population 5,006

Population and Household Demographics

Rolesville is a city in Wake County, North Carolina with a population of 5,006. There are 1,640 households in the city with an average household size of 3.05 persons. 17.01% of households in Rolesville are renters.

Income and Rent Overburden in Rolesville

The median gross income for households in Rolesville is $81,569 a year, or $6,797 a month. The median rent for the city is $697 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rolesville, a household making less than $2,323 a month would be considered overburdened when renting an apartment at or above the median rent. 28.67% of households who rent are overburdened in Rolesville.

Area Median Income In Rolesville

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 Rolesville, the AMI is calculated from all households within Wake County.

In Rolesville, HUD calculates the Area Median Income for a family of four as $117,000

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 Rolesville

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 HUD Rental Assistance in Rolesville

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30% AMI Income Limits
Renters earning up to 30% of the Rolesville AMI may qualify for rental assistance programs that target Extremely Low Income households.
$23,800 $27,200 $30,600 $34,000 $36,750 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Rolesville AMI may qualify for rental assistance programs that target Very Low Income households.
$39,700 $45,350 $51,000 $56,650 $61,200 $65,750 $70,250 $74,800
80% AMI Income Limits
Renters earning up to 80% of the Rolesville AMI may qualify for rental assistance programs that target Low Income households.
$63,500 $72,550 $81,600 $90,650 $97,950 $105,200 $112,450 $119,700