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

Apply to Stanley Apartment Waiting Lists

Stanley Square Apartments

814 N Buckoak Street
Stanley, North Carolina

Mclurd Manor

111 McLurd Manor Dr
Stanley, North Carolina
Rent Assisted
S. 515 Rural

Foxrun Ridge Lp

Foxrunridge And Ridge Rd
Stanley, North Carolina
Rent Assisted
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There are 48 low-income apartments in Stanley that offer reduced rents to eligible households.

Rental assistance programs support 74 low-income homes in Stanley where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Stanley, 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
Gastonia Housing Authority Section 8 Housing Choice Voucher (HCV); Rental Assistance Demonstration (RAD)
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Stanley.

Stanley, North Carolina Affordable Housing Data

Income Based Apartments in Stanley, North Carolina

Stanley features 74 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 Stanley, North Carolina

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stanley.

Housing Choice Vouchers in Stanley, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Stanley, North Carolina for a two-bedroom apartment is between $1,200 and $1,466.

2023 Stanley, 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
Stanley, North Carolina Fair Market Rent $1,154 $1,180 $1,333 $1,691 $2,183
Stanley, North Carolina Payment Standard Range $1,039 to $1,269 $1,062 to $1,298 $1,200 to $1,466 $1,522 to $1,860 $1,965 to $2,401

Sourced from federal housing data and AffordableHousingOnline.com research.

Stanley, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 122
Total Housing Units with Rental Assistance 74
Percentage of Housing Units Occupied By Renters 32.54%
Average Renter Household Size 2.23
Average Household Size 2.52
Median Household Income $44,929 ±$8,916
Median Rent $724 ±$54
Percentage Of Renters Overburdened 61.69% ± 24.02pp
Total Population 3,615

Population and Household Demographics

Stanley is a city in Gaston County, North Carolina with a population of 3,615. There are 1,380 households in the city with an average household size of 2.52 persons. 32.54% of households in Stanley are renters.

Income and Rent Overburden in Stanley

The median gross income for households in Stanley is $44,929 a year, or $3,744 a month. The median rent for the city is $724 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Stanley, a household making less than $2,413 a month would be considered overburdened when renting an apartment at or above the median rent. 61.69% of households who rent are overburdened in Stanley.

Area Median Income In Stanley

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 Stanley, the AMI is calculated from all households within Gaston County.

In Stanley, HUD calculates the Area Median Income for a family of four as $102,800

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 Stanley

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 Stanley

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Stanley AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,950 $23,950 $26,950 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Stanley AMI may qualify for rental assistance programs that target Very Low Income households.
$34,900 $39,900 $44,900 $49,850 $53,850 $57,850 $61,850 $65,850
80% AMI Income Limits
Renters earning up to 80% of the Stanley AMI may qualify for rental assistance programs that target Low Income households.
$55,850 $63,800 $71,800 $79,750 $86,150 $92,550 $98,900 $105,300