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

Discover affordable housing in Wake County where there are 240+ 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.

Walnut Ridge

1611 Royal Foxhound Ln, Raleigh, North Carolina 27610

bed 2-4
payment $911-1144/mo.
switch_access_shortcut Short Wait
accessibility Accessible

The Meadows at Brier Creek

11700 Arnold Palmer Dr, Raleigh, North Carolina 27617

bed 1-2
payment $1231-1471/mo.
switch_access_shortcut Short Wait
accessibility Accessible

The Oaks at Brier Creek

9941 Brier Oak Place, Raleigh, North Carolina 27617

bed 1-3
payment $1231-1695/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Shepard Greene

626 Shepard School Rd, Zebulon, North Carolina 27597

bed 1-2
payment $998-1100/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Cosmo and Lewis Estates

1121-102 Hadley Road, Raleigh, North Carolina 27610

bed Studio-1
payment $679-842/mo.
switch_access_shortcut Short Wait

The Grande at Granite Falls

400 Grand Rock Way, Rolesville, North Carolina 27571

bed 1-2
payment $1136-1361/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

The Arbors

2611 Pine Village Rd, Raleigh, North Carolina 27615

bed 2-3
payment $850-975/mo.
switch_access_shortcut Short Wait
accessibility Accessible

The Village at Washington Terrace

1951 Booker Dr., Raleigh, North Carolina 27610

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

Milburnie Road Apartments

901 Sawpit Dr, Raleigh, North Carolina 27610

bed 2-3
payment $825-875/mo.
switch_access_shortcut Short Wait
accessibility Accessible

West Oaks Apartments

705 Flavion Dr, Raleigh, North Carolina 27608

bed 2-3
payment $550-620/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Shammah Winds Apartments

1407 Sawyer Rd, Raleigh, North Carolina 27610

bed 2
payment $525/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Wakefield Commons

10860 Common Oaks Dr., Raleigh, North Carolina 27614

bed 2-3
switch_access_shortcut Short Wait
accessibility Accessible

Overlooke at Simms Creek

4730 Archean Way, Raleigh, North Carolina 27616

bed 1-3
payment $1229-1812/mo.
switch_access_shortcut Short Wait
accessibility Accessible

East Haven Apartments

3930 Dowling Haven Pl, Raleigh, North Carolina 27610

bed 2-3
payment $1520-1751/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Crystal Cove Apartments

815 Suffolk Blvd, Raleigh, North Carolina 27603

bed 1-3
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Raleigh Gardens Apartments

6145 Saint Giles St, Raleigh, North Carolina 27612

bed 1-3
payment Subsidized
accessibility Accessible

Water Garden Village

8441 Mount Valley Lane, Raleigh, North Carolina 27613

bed 1-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Crestfield Apartments

719 Marshburn Road, Wendell, North Carolina 27591

bed 1
switch_access_shortcut Short Wait
accessibility Accessible

The Oaks

590 Lipscomb Ct, Raleigh, North Carolina 27609

bed 2-4
payment Subsidized

Stonecrest

3968 Hare Snipe Ct, Raleigh, North Carolina 27613

bed 2-3
payment Subsidized

How To Identify Affordable Housing in Wake 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 Wake County, 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 Wake County, North Carolina Affordable Housing ↓

What HUD offices serve Wake 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 Wake County, North Carolina.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Public Housing Homeownership, Family Self-Sufficiency programs for Wake County, North Carolina.

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

How many renters live in Wake County, North Carolina?

The County of Wake County has people living in households.

There are renters living in renter households in this County. Renters make up 29.1 percent of the population living in Wake County.

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

There are an estimated housing units in the Wake County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Wake County, North Carolina, there are 1.22 rental units.

What is the vacancy rate for rentals in Wake County?

The rental vacancy rate in Wake County is 16 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Wake County for each bedroom size?

Occupied Rental Units by Size in Wake County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6,573 39,261 64,240 33,980 10,925
Occupied Rental Units by Size in Wake County

A large number of apartments in Wake 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 Wake County

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 Wake County, North Carolina

How many units are rented at Fair Market Rent (FMR) in Wake 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 4,350 66 percent
One BR 26,581 68 percent
Two BR 35,087 55 percent
Rental Units Below FMR in Wake County, North Carolina

How many affordable rental units are in Wake County?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Mod Rehab 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 Wake County, North Carolina

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

Income Based Apartments in Wake County, North Carolina

Wake County features 3,281 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 Wake County, North Carolina

There are 7,894 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wake County.

Housing Choice Vouchers in Wake County, North Carolina

On average, Section 8 Housing Choice vouchers pay Wake County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Wake County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.