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

Discover affordable housing in Spindale where there are 4+ 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.

Sterling Oaks

131 Armstrong Drive , Spindale, North Carolina 28160

Creekside Crossing Apartments

358 West St, Spindale, North Carolina 28160

bed 1-2
payment $451-558/mo.

Timber Ridge

190 Heartwood Lane, Spindale, North Carolina 28160

Cac of Rutherford County 2

903 Morgan St, Spindale, North Carolina 28160

How To Identify Affordable Housing in Spindale, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Spindale, North Carolina
$8.96 (+124%) more than North Carolina minimum wage and $8.96 (+124%) more than the Federal minimum wage.
Learn More About Spindale, North Carolina Affordable Housing ↓

What HUD offices serve Spindale, 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), Homeownership Voucher, Veteran Affairs Supportive Housing (VASH) programs for Spindale, North Carolina.

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

How many renters live in Spindale, North Carolina?

The City of Spindale has 4,218 people living in 2,046 households.

There are 1,940 renters living in 1,118 renter households in this City. Renters make up 45.99 percent of the population living in Spindale.

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

There are an estimated 2,325 housing units in the Spindale area. Of these, 1,154 units are rental homes, making up 50 percent of the housing market. For every renter household in Spindale, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Spindale?

The rental vacancy rate in Spindale is 3 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 Spindale for each bedroom size?

Occupied Rental Units by Size in Spindale
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 246 531 324 17
Occupied Rental Units by Size in Spindale

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

Among renter households in this market, 43 percent have housing cost burden. Further, 15 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 Spindale

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $733 to $1,367. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $733
One BR $737
Two BR $856
Three BR $1,117
Four BR $1,367
2024 Fair Market Rents in Spindale, North Carolina

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

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 186 76 percent
Two BR 404 76 percent
Rental Units Below FMR in Spindale, North Carolina

How many affordable rental units are in Spindale?

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

Federal Program Unit Count
Low Income Housing Tax Credit 48
Section 202 Supportive Housing for the Elderly 1
Section 811 Supportive Housing for Persons with Disabilities 10
Tracked Units by Federal Program in Spindale, North Carolina

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

Income Based Apartments in Spindale, North Carolina

Spindale features 10 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 Spindale, North Carolina

There are 98 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Spindale.

Housing Choice Vouchers in Spindale, North Carolina

On average, Section 8 Housing Choice vouchers pay Spindale landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Spindale.

The maximum amount a voucher would pay on behalf of a low-income tenant in Spindale, North Carolina for a two-bedroom apartment is between $770 and $942.

Sourced from federal housing data and AffordableHousingOnline.com research.