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

Discover affordable housing in Rowan County where there are 46+ 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.

Arc Hds Rowan Apartments

1010 S Fulton St, Salisbury, North Carolina 28144

payment Subsidized
accessibility Accessible
accessible_forward Disability

601 Lafayette Cir

601 Lafayette Cir, Salisbury, North Carolina 28144

942 E Lafayette St

942 E Lafayette St, Salisbury, North Carolina 28144

612 E Horah St

612 E Horah St, Salisbury, North Carolina 28144

Scattered Sites

603 Linn Ln, Salisbury, North Carolina 28144

accessibility Accessible

Shaver St Apartments

611 S Shaver St, Salisbury, North Carolina 28144

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Rowan County, 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 Rowan County, North Carolina
$21.23/hour
$13.98 (+193%) more than North Carolina minimum wage and $13.98 (+193%) more than the Federal minimum wage.
Learn More About Rowan County, North Carolina Affordable Housing ↓

What HUD offices serve Rowan 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 Rowan County, North Carolina.

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

How many renters live in Rowan County, North Carolina?

The County of Rowan County has people living in households.

There are renters living in renter households in this County. Renters make up 24.8 percent of the population living in Rowan County.

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

There are an estimated housing units in the Rowan County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Rowan County, North Carolina, there are 1.24 rental units.

What is the vacancy rate for rentals in Rowan County?

The rental vacancy rate in Rowan County is 5 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 Rowan County for each bedroom size?

Occupied Rental Units by Size in Rowan County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
480 1,919 7,182 3,651 975
Occupied Rental Units by Size in Rowan County

A large number of apartments in Rowan County 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 Rowan County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $925 to $1,702. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $925
One BR $931
Two BR $1,121
Three BR $1,483
Four BR $1,702
2024 Fair Market Rents in Rowan County, North Carolina

How many units are rented at Fair Market Rent (FMR) in Rowan 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 24 5 percent
One BR 1,247 65 percent
Two BR 4,615 64 percent
Rental Units Below FMR in Rowan County, North Carolina

How many affordable rental units are in Rowan County?

There are a variety of federal affordable housing programs serving households in Rowan County, 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
Section 811 Supportive Housing for Persons with Disabilities
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Rowan County, North Carolina

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

Income Based Apartments in Rowan County, North Carolina

Rowan County features 1,047 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 Rowan County, North Carolina

There are 605 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rowan County.

Housing Choice Vouchers in Rowan County, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Rowan County, North Carolina for a two-bedroom apartment is between $1,009 and $1,233.

Sourced from federal housing data and AffordableHousingOnline.com research.

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