Affordable Housing In Columbia
Richland County, South Carolina

86 Low Income Apartment Communities In Columbia

Colony Apartments

3545 W Beltline Blvd
Columbia, SC
Income Based
2 BR
Subsidized

Carriage House of Columbia Apartments

110 Amsterdam Dr
Columbia, SC
Call For Rent
1-3 BR
Subsidized

Grand Street Apartments

4301 Grand St
Columbia, SC
$530-570
2 BR
HCV Welcome

Austin Woods

7648 Garners Ferry Road
Columbia, SC
$651
Studio-3 BR
HCV Welcome

Woods Edge Apartments

109 Hillpine Road
Columbia, SC
Call For Rent
1 BR
Subsidized

River Oaks Apartments

5324 Bush River Rd
Columbia, SC
Call For Rent
1-3 BR
Subsidized

Gable Oaks

901 Colleton St
Columbia, SC
Call For Rent
1-3 BR
Subsidized

Prescott Manor Apartments

1601 Prescott Road
Columbia, SC
Subsidized

Richland Village Apartments

1234 Universal Drive
Columbia, SC
Subsidized

Pinehaven Villas Apartments

1400 Trinity Dr
Columbia, SC
Subsidized

Housing Authorities that serve Columbia

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

Other Housing Authorities located in Columbia

Housing Authority Programs
Cayce Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
South Carolina State Housing Finance and Development Authority Section 8 Housing Choice Voucher (HCV); Homeownership Voucher

Guide To Affordable Housing in Columbia, South Carolina

According to federal housing data and AffordableHousingOnline.com research, there are 86 low income housing apartment communities offering 7,734 affordable apartments for rent in Columbia, South Carolina. Columbia features 5,067 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 2,667 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Columbia.

Columbia, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 86
Total Low Income Apartments 7,734
Total Housing Units with Rental Assistance 5,067
Percentage of Housing Units Occupied By Renters 54.93%
Average Renter Household Size 2.27
Average Household Size 2.31
Median Household Income $41,260 ±$1,069
Median Rent $836 ±$14
Percentage Of Renters Overburdened 51.38% ± 2.5pp
Total Population 131,958

Population and Household Demographics

Columbia is a City in Richland County, South Carolina with a population of 131,958. There are 44,506 households in the city with an average household size of 2.31 persons. 54.93% of households in Columbia are renters.

Income and Rent Overburden in Columbia

The median gross income for households in Columbia is $41,260 a year, or $3,438 a month. The median rent for the city is $836 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Columbia, a household making less than $2,787 a month would be considered overburdened when renting an apartment at or above the median rent. 51.38% of households who rent are overburdened in Columbia.1

Area Median Income In Columbia

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 Columbia, the AMI is calculated from all households within Richland County.

In Columbia, HUD calculates the Area Median Income for a family of four as $68,900

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 Columbia

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 Columbia HUD Rental Assistance in Columbia

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,500 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,150 $27,600 $31,050 $34,450 $37,250 $40,000 $42,750 $45,500
80% of Median $38,600 $44,100 $49,600 $55,100 $59,550 $63,950 $68,350 $72,750
Low Income Housing Tax Credits in Columbia

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

From 1988 to 2011, 47 low income apartment communities containing 3,715 rental apartments have been constructed and made affordable to low income persons in Columbia 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 Columbia

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,150 $27,600 $31,050 $34,450 $37,250 $40,000 $42,750 $45,500
60% of Median $28,980 $33,120 $37,260 $41,340 $44,700 $48,000 $51,300 $54,600

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 Columbia is $37,260 a year, or $3,105 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,105 by 30% to get a maximum rent of $932 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% $604 $647 $776 $896 $1,000 $1,103
60% $725 $776 $932 $1,076 $1,200 $1,324
Fair Market Rents in Columbia

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
$706 $818 $931 $1,204 $1,491