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

Discover affordable housing in Smithfield where there are 17+ 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.

Smithfield Senior Manor

205 Evergreen Ln, Smithfield, North Carolina 27577

Fieldale Apartments

11 Fieldale Dr, Smithfield, North Carolina 27577

Landmark Townhouses II

120 Landmark Drive, Smithfield, North Carolina 27577

Landmark Townhouses I & II

120A Landmark Drive, Smithfield, North Carolina 27577

Triangle Elderly Housing

604 Caswell St, Smithfield, North Carolina 27577

Pine Knoll Apartments

100 Pineview Cir, Smithfield, North Carolina 27577

Windsor Place Apartments

116 NC Highway 210, Smithfield, North Carolina 27577

Homewood Apartments

0 Towbridge Dr, Smithfield, North Carolina 0

Glen Lake Apartments

350 NC 210 HWY, Smithfield, North Carolina 27577

Austin Manor Apartments

129 S 3rd St, Smithfield, North Carolina 27577

Johnson Court Apartments

2228 Kay Dr, Smithfield, North Carolina 27577

Pine Knoll Manor II

204 Skyland Dr, Smithfield, North Carolina 27577

Mha of the Piedmont

901 Berkshire Rd, Smithfield, North Carolina 27577

Arc Hds Johnston Group Home - Sm

300 N 7th St, Smithfield, North Carolina 27577

Pine Knoll Manor

202 Skyland Dr, Smithfield, North Carolina 27577

1118 Furlong Dr

1118 Furlong Dr, Smithfield, North Carolina 27577

Landmark Phase I

408 Powell St, Smithfield, North Carolina 27577

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Smithfield, North Carolina
$31.17/hour
$23.92 (+330%) more than North Carolina minimum wage and $23.92 (+330%) more than the Federal minimum wage.
Learn More About Smithfield, North Carolina Affordable Housing ↓

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

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

How many renters live in Smithfield, North Carolina?

The City of Smithfield has 11,527 people living in 4,524 households.

There are 4,978 renters living in 2,303 renter households in this City. Renters make up 43.19 percent of the population living in Smithfield.

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

There are an estimated 5,293 housing units in the Smithfield area. Of these, 2,462 units are rental homes, making up 47 percent of the housing market. For every renter household in Smithfield, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Smithfield?

The rental vacancy rate in Smithfield is 6 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 Smithfield for each bedroom size?

Occupied Rental Units by Size in Smithfield
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
111 752 916 408 116
Occupied Rental Units by Size in Smithfield

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

Among renter households in this market, 56 percent have housing cost burden. Further, 34 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 Smithfield

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,427 to $2,711. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,427
One BR $1,466
Two BR $1,646
Three BR $2,035
Four BR $2,711
2024 Fair Market Rents in Smithfield, North Carolina

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

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 105 95 percent
One BR 697 93 percent
Two BR 890 97 percent
Rental Units Below FMR in Smithfield, North Carolina

How many affordable rental units are in Smithfield?

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

Federal Program Unit Count
Low Income Housing Tax Credit 209
Public Housing 205
Section 8 Project-Based Rental Assistance 239
Section 202 Supportive Housing for the Elderly 29
Section 811 Supportive Housing for Persons with Disabilities 16
USDA Section 515 Rural Rental Housing 312
Tracked Units by Federal Program in Smithfield, North Carolina

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

Income Based Apartments in Smithfield, North Carolina

Smithfield features 764 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 Smithfield, North Carolina

There are 105 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Smithfield.

Housing Choice Vouchers in Smithfield, North Carolina

On average, Section 8 Housing Choice vouchers pay Smithfield landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Smithfield.

The maximum amount a voucher would pay on behalf of a low-income tenant in Smithfield, North Carolina for a two-bedroom apartment is between $1,481 and $1,811.

Sourced from federal housing data and AffordableHousingOnline.com research.