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Affordable Housing In Providence
Providence County, Rhode Island

143 Low Income Apartment Communities In Providence

Olmsted Gardens

3 Olmsted Way
Providence, Rhode Island
Income Based
1 BR

Sutterfield Homes

12 South Ln
Providence, Rhode Island
1-3 BR

Hartford Park

300 Hartford Ave
Providence, Rhode Island
Call For Rent
1-6 BR
Family & Senior

Carroll Towers

243 Smith St
Providence, Rhode Island
Call For Rent
1-3 BR

Parenti Villa

25 Tobey St
Providence, Rhode Island
Call For Rent
Studio-2 BR

University Heights

University Heights
Providence, Rhode Island
Call For Rent
Studio-3 BR

Lockwood Plaza Apartments

50 Prairie Avenue
Providence, Rhode Island
1-4 BR

Dexter Manor

100 Broad St
Providence, Rhode Island
Call For Rent
1-3 BR

Sixty King

60 King St
Providence, Rhode Island
Call For Rent
Studio-3 BR

Hillcrest Village

40 Leander Street
Providence, Rhode Island
Call For Rent
1-2 BR

Housing Authorities that serve Providence

Housing Authority Programs
Providence Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Providence, Rhode Island

There are 143 low income housing apartment communities offering 10,816 affordable apartments for rent in Providence, Rhode Island.

Income Based Apartments in Providence, Rhode Island

Providence features 7,468 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 Providence, Rhode Island

There are 3,200 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Providence.

Housing Choice Vouchers in Providence, Rhode Island

On average, Section 8 Housing Choice vouchers pay Providence landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Providence.

The maximum amount a voucher would pay on behalf of a low-income tenant in Providence, Rhode Island for a two-bedroom apartment is between $968 and $1,183.

2020 Providence, Rhode Island 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
Fair Market Rent $794 $898 $1,075 $1,340 $1,591
Payment Standard Range $715 to $873 $808 to $988 $968 to $1,183 $1,206 to $1,474 $1,432 to $1,750

Sourced from federal housing data and research.

Providence, RI Affordable Housing Snapshot

Total Affordable Apartment Properties 143
Total Low Income Apartments 10,816
Total Housing Units with Rental Assistance 7,468
Percentage of Housing Units Occupied By Renters 65.14%
Average Renter Household Size 2.58
Average Household Size 2.68
Median Household Income $37,501 ±$1,625
Median Rent $913 ±$16
Percentage Of Renters Overburdened 50.88% ± 2.17pp
Total Population 178,680

Population and Household Demographics

Providence is a city in Providence County, Rhode Island with a population of 178,680. There are 61,481 households in the city with an average household size of 2.68 persons. 65.14% of households in Providence are renters.

Income and Rent Overburden in Providence

The median gross income for households in Providence is $37,501 a year, or $3,125 a month. The median rent for the city is $913 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Providence, a household making less than $3,043 a month would be considered overburdened when renting an apartment at or above the median rent. 50.88% of households who rent are overburdened in Providence.

Area Median Income In Providence

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 Providence, the AMI is calculated from all households within Providence County.

In Providence, HUD calculates the Area Median Income for a family of four as $87,000

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 Providence

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 Providence

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,300 $20,900 $23,500 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $30,450 $34,800 $39,150 $43,500 $47,000 $50,500 $53,950 $57,450
80% of Median $48,750 $55,700 $62,650 $69,600 $75,200 $80,750 $86,350 $91,900