Low Income Apartments and Affordable Housing For Rent in Greenwood, SC

Discover affordable housing in Greenwood where there are 16+ 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.

Hallmark at Greenwood Apartments

337 Emerald Rd N, Greenwood, South Carolina 29646

Cambridge Apartments

230 Cambridge Avenue East, Greenwood, South Carolina 29646

Wisewood Apartments

235 Florida Ave, Greenwood, South Carolina 29646

Phoenix Place

1401 Phoenix Street, Greenwood, South Carolina 29646

Swann Meadows Apartments

1091 Parkland Place Rd, Greenwood, South Carolina 29646

Twin Oaks Apartments

200 Holman Street, Greenwood, South Carolina 29649

Pineridge Apartments

1548 Parkway, Greenwood, South Carolina 29646

The Gardens at Parkway

1508 Parkway, Greenwood, South Carolina 29646

Hampton House Apartments

306 Grove Street, Greenwood, South Carolina 29646

Liberty Village

1672 Westbrook Dr, Greenwood, South Carolina 29649

Trakas Avenue Apartments, Phase II

604 Trakas Ave, Greenwood, South Carolina 29649

Ellison Avenue, Atrium Homes

510 Ellison St, Greenwood, South Carolina 29649

Fairfield and Winns Apartments

100 Douglas Ct, Greenwood, South Carolina 29646

Nehemiah Eagles Nest

110 Genesis Cir, Greenwood, South Carolina 29646

Taggart Court

321 Taggart Ave, Greenwood, South Carolina 29646

Byrd Street Apartments

112 Byrd St, Greenwood, South Carolina 29646

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Greenwood, South Carolina
$18.79/hour
$11.54 (+159%) more than South Carolina minimum wage and $11.54 (+159%) more than the Federal minimum wage.
Learn More About Greenwood, South Carolina Affordable Housing ↓

What HUD offices serve Greenwood, 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 programs for Greenwood, South Carolina.

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

How many renters live in Greenwood, South Carolina?

The City of Greenwood has 22,528 people living in 8,719 households.

There are 10,636 renters living in 4,851 renter households in this City. Renters make up 47.21 percent of the population living in Greenwood.

What is the rental market like in Greenwood, South Carolina?

There are an estimated 9,646 housing units in the Greenwood area. Of these, 5,038 units are rental homes, making up 52 percent of the housing market. For every renter household in Greenwood, South Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Greenwood?

The rental vacancy rate in Greenwood is 3 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 Greenwood for each bedroom size?

Occupied Rental Units by Size in Greenwood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
336 601 2,302 1,379 73
Occupied Rental Units by Size in Greenwood

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

Among renter households in this market, 47 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 Greenwood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $781 to $1,321. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $781
One BR $786
Two BR $992
Three BR $1,199
Four BR $1,321
2024 Fair Market Rents in Greenwood, South Carolina

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

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 167 50 percent
One BR 520 87 percent
Two BR 1,665 72 percent
Rental Units Below FMR in Greenwood, South Carolina

How many affordable rental units are in Greenwood?

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

Federal Program Unit Count
Low Income Housing Tax Credit 306
Public Housing 223
Section 8 Project-Based Rental Assistance 280
Tracked Units by Federal Program in Greenwood, South Carolina

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

Income Based Apartments in Greenwood, South Carolina

Greenwood features 639 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 Greenwood, South Carolina

There are 225 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Greenwood.

Housing Choice Vouchers in Greenwood, South Carolina

On average, Section 8 Housing Choice vouchers pay Greenwood landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Greenwood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Greenwood, South Carolina for a two-bedroom apartment is between $893 and $1,091.

Sourced from federal housing data and AffordableHousingOnline.com research.