Low Income Apartments and Affordable Housing For Rent in Woonsocket, RI

Discover affordable housing in Woonsocket where there are 28+ 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.

calendar_today Opened: Dec 17
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Woonsocket, Rhode Island
$32.06/hour
$18.06 (+129%) more than Rhode Island minimum wage and $24.81 (+342%) more than the Federal minimum wage.
Learn More About Woonsocket, Rhode Island Affordable Housing ↓

What HUD offices serve Woonsocket, Rhode Island?

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 Woonsocket, Rhode Island.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Woonsocket, Rhode Island.

Go to the Rhode Island Public Housing and Low-Income Apartments Waiting Lists page for openings near Woonsocket.

How many renters live in Woonsocket, Rhode Island?

The City of Woonsocket has 43,029 people living in 16,972 households.

There are 25,696 renters living in 10,522 renter households in this City. Renters make up 59.72 percent of the population living in Woonsocket.

What is the rental market like in Woonsocket, Rhode Island?

There are an estimated 18,886 housing units in the Woonsocket area. Of these, 11,298 units are rental homes, making up 60 percent of the housing market. For every renter household in Woonsocket, Rhode Island, there are 1 rental units.

What is the vacancy rate for rentals in Woonsocket?

The rental vacancy rate in Woonsocket is 6 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 Woonsocket for each bedroom size?

Occupied Rental Units by Size in Woonsocket
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
503 2,839 4,137 2,648 342
Occupied Rental Units by Size in Woonsocket

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

Among renter households in this market, 45 percent have housing cost burden. Further, 24 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 Woonsocket

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,289 to $2,536. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,289
One BR $1,398
Two BR $1,693
Three BR $2,047
Four BR $2,536
2024 Fair Market Rents in Woonsocket, Rhode Island

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

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 411 82 percent
One BR 2,551 90 percent
Two BR 3,244 78 percent
Rental Units Below FMR in Woonsocket, Rhode Island

How many affordable rental units are in Woonsocket?

There are a variety of federal affordable housing programs serving households in Woonsocket, Rhode Island including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 934
Public Housing 1,207
Section 8 Project-Based Rental Assistance 1,192
Section 202 Supportive Housing for the Elderly 2
Section 811 Supportive Housing for Persons with Disabilities 57
Tracked Units by Federal Program in Woonsocket, Rhode Island

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

Income Based Apartments in Woonsocket, Rhode Island

Woonsocket features 2,362 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 Woonsocket, Rhode Island

There are 167 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Woonsocket.

Housing Choice Vouchers in Woonsocket, Rhode Island

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Woonsocket, Rhode Island for a two-bedroom apartment is between $1,524 and $1,862.

Sourced from federal housing data and AffordableHousingOnline.com research.