Affordable Housing In Warwick
Kent County, Rhode Island

19 Low Income Apartment Communities In Warwick

Shalom Apartments

1 Shalom Dr
Warwick, RI
62+
Accessible
Elderly Supportive Housing
Subsidized

Shalom II

2 Shalom Dr
Warwick, RI
62+
Accessible
Elderly Supportive Housing
Subsidized

Greenwich Village

300 Lambert Lind Hwy
Warwick, RI
Subsidized

Greenwood Terrace

2426 Post Rd
Warwick, RI
Subsidized

Hardig Brook Village

331 Centerville Rd
Warwick, RI
Subsidized

Thomas Wilbur Homestead

3188 Post Rd
Warwick, RI
Accessible
Disabled Supportive Housing
Subsidized

Cranberry Pond

957 Post Rd
Warwick, RI
Subsidized

Saint Elizabeth Terrace, Warwick

140 Warwick Neck Ave
Warwick, RI
62+
Accessible
Elderly Supportive Housing
Subsidized

George Galen Wheeler House, Inc

57 Fair St
Warwick, RI
Accessible
Disabled Supportive Housing
Subsidized

Sparrows Point IIi

355 Hardig Rd
Warwick, RI
Subsidized

Housing Authorities that serve Warwick

Housing Authority Programs
Warwick Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Rhode Island Housing Choice Voucher Program Centralized Wait List Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Warwick

Housing Authority Programs
Kent County Mental Health Center Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Warwick, Rhode Island

According to federal housing data and AffordableHousingOnline.com research, there are 19 low income housing apartment communities offering 1,464 affordable apartments for rent in Warwick, Rhode Island. Warwick features 1,439 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 25 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Warwick.

Warwick, RI Affordable Housing Snapshot

Total Affordable Apartment Properties 19
Total Low Income Apartments 1,464
Total Housing Units with Rental Assistance 1,439
Percentage of Housing Units Occupied By Renters 28.5%
Average Renter Household Size 1.87
Average Household Size 2.32
Median Household Income $66,044 ±$1,796
Median Rent $1,064 ±$27
Percentage Of Renters Overburdened 45.1% ± 4.51pp
Total Population 81,855

Population and Household Demographics

Warwick is a City in Kent County, Rhode Island with a population of 81,855. There are 34,891 households in the city with an average household size of 2.32 persons. 28.5% of households in Warwick are renters.

Income and Rent Overburden in Warwick

The median gross income for households in Warwick is $66,044 a year, or $5,504 a month. The median rent for the city is $1,064 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Warwick, a household making less than $3,547 a month would be considered overburdened when renting an apartment at or above the median rent. 45.1% of households who rent are overburdened in Warwick.1

Area Median Income In Warwick

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 Warwick, the AMI is calculated from all households within Kent County.

In Warwick, HUD calculates the Area Median Income for a family of four as $81,900

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 Warwick

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 Warwick HUD Rental Assistance in Warwick

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,200 $19,650 $22,100 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,700 $32,800 $36,900 $40,950 $44,250 $47,550 $50,800 $54,100
80% of Median $45,850 $52,400 $58,950 $65,500 $70,750 $76,000 $81,250 $86,500
Low Income Housing Tax Credits in Warwick

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1997 to 2010, 3 low income apartment communities containing 157 rental apartments have been constructed and made affordable to low income persons in Warwick by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Warwick

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $28,700 $32,800 $36,900 $40,950 $44,250 $47,550 $50,800 $54,100
60% of Median $34,440 $39,360 $44,280 $49,140 $53,100 $57,060 $60,960 $64,920

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Warwick is $44,280 a year, or $3,690 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,690 by 30% to get a maximum rent of $1,107 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $718 $769 $923 $1,065 $1,189 $1,311
60% $861 $923 $1,107 $1,278 $1,427 $1,574
Fair Market Rents in Warwick

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$794 $898 $1,075 $1,340 $1,591