Low Income Apartments and Affordable Housing For Rent in Great Falls, SC

Discover affordable housing in Great Falls where there are 3+ 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.

Melrose Lane Apartments

300 Sunset Ave, Great Falls, South Carolina 29055

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Great Falls Apartments

800 CHESTER AVE, Great Falls, South Carolina 29055

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Catawba Falls Apartments

810 Dearborn St, Great Falls, South Carolina 29055

switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Great Falls, South 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 Great Falls, South Carolina
$17.23/hour
$9.98 (+138%) more than South Carolina minimum wage and $9.98 (+138%) more than the Federal minimum wage.
Learn More About Great Falls, South Carolina Affordable Housing ↓

What HUD offices serve Great Falls, South 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, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV) programs for Great Falls, South Carolina.

Go to the South Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Great Falls.

How many renters live in Great Falls, South Carolina?

The City of Great Falls has people living in households.

There are renters living in renter households in this City. Renters make up 15.46 percent of the population living in Great Falls.

What is the rental market like in Great Falls, South Carolina?

There are an estimated housing units in the Great Falls area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Great Falls, South Carolina, there are 1.15 rental units.

What is the vacancy rate for rentals in Great Falls?

The rental vacancy rate in Great Falls is 13 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 Great Falls for each bedroom size?

Occupied Rental Units by Size in Great Falls
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 6 80 32 9
Occupied Rental Units by Size in Great Falls

A large number of apartments in Great Falls 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 Great Falls

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $733 to $1,441. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $733
One BR $737
Two BR $910
Three BR $1,282
Four BR $1,441
2024 Fair Market Rents in Great Falls, South Carolina

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

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
One BR 6 100 percent
Two BR 56 70 percent
Rental Units Below FMR in Great Falls, South Carolina

How many affordable rental units are in Great Falls?

There are a variety of federal affordable housing programs serving households in Great Falls, South Carolina including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Great Falls, South Carolina

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

Income Based Apartments in Great Falls, South Carolina

Great Falls features 48 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 Great Falls, South Carolina

There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Great Falls.

Housing Choice Vouchers in Great Falls, South Carolina

On average, Section 8 Housing Choice vouchers pay Great Falls landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Great Falls.

The maximum amount a voucher would pay on behalf of a low-income tenant in Great Falls, South Carolina for a two-bedroom apartment is between $819 and $1,001.

Sourced from federal housing data and AffordableHousingOnline.com research.

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