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

Discover affordable housing in Tarboro where there are 11+ 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.

Edgewood Place

1317 W Wilson St #2-D, Tarboro, North Carolina 27886

Pender Square Apartments

500 Benson Dr, Tarboro, North Carolina 27886

Hunter Hill Apt Homes

200 Hunter Hill Rd, Tarboro, North Carolina 27886

Elmhurst Apartments

960 Simmons Street, Tarboro, North Carolina 27886

Tarboro Square

100 W Wilson St, Tarboro, North Carolina 27886

Tarboro Square Apartments

1615 W Wilson St, Tarboro, North Carolina 27886

George Es Place

428 Simpson Drive, Tarboro, North Carolina 27886

Hawthorne Court Apartments

1609 Barlow Road, Tarboro, North Carolina 27886

Hunters Park Apartments

301 Daniel St, Tarboro, North Carolina 27886

United Manor Courts

1200 Elm St, Tarboro, North Carolina 27886

Pinehurst Homes

1205 Bradley Ave, Tarboro, North Carolina 27886

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Tarboro, North Carolina
$19.60/hour
$12.35 (+170%) more than North Carolina minimum wage and $12.35 (+170%) more than the Federal minimum wage.
Learn More About Tarboro, North Carolina Affordable Housing ↓

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

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

How many renters live in Tarboro, North Carolina?

The City of Tarboro has 10,696 people living in 4,776 households.

There are 3,688 renters living in 1,999 renter households in this City. Renters make up 34.48 percent of the population living in Tarboro.

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

There are an estimated 5,304 housing units in the Tarboro area. Of these, 2,065 units are rental homes, making up 39 percent of the housing market. For every renter household in Tarboro, North Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Tarboro?

The rental vacancy rate in Tarboro 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 Tarboro for each bedroom size?

Occupied Rental Units by Size in Tarboro
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
75 157 1,445 269 53
Occupied Rental Units by Size in Tarboro

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

Among renter households in this market, 49 percent have housing cost burden. Further, 33 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 Tarboro

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $825 to $1,579. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $825
One BR $830
Two BR $1,035
Three BR $1,395
Four BR $1,579
2024 Fair Market Rents in Tarboro, North Carolina

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

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 75 100 percent
One BR 147 94 percent
Two BR 1,225 85 percent
Rental Units Below FMR in Tarboro, North Carolina

How many affordable rental units are in Tarboro?

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

Federal Program Unit Count
Low Income Housing Tax Credit 328
Public Housing 191
Section 8 Project-Based Rental Assistance 100
USDA Section 515 Rural Rental Housing 303
Tracked Units by Federal Program in Tarboro, North Carolina

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

Income Based Apartments in Tarboro, North Carolina

Tarboro features 480 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 Tarboro, North Carolina

There are 128 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tarboro.

Housing Choice Vouchers in Tarboro, North Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Tarboro, North Carolina for a two-bedroom apartment is between $932 and $1,139.

Sourced from federal housing data and AffordableHousingOnline.com research.