Low Income Apartments In Horry County
South Carolina

Low Income Apartments In Horry County

Halyard Bend Apartments

3941 Halyard Way
Myrtle Beach, SC
Income Based
1-2 BR
Subsidized

Loris Gardens

4265 Suggs Street
Loris, SC
1-2 BR
HCV Welcome

Sandygate Village

1011 Osceola Street
Myrtle Beach, SC
Subsidized

North Oaks Apartments

2501 Oak St
Conway, SC
1-2 BR
HCV Welcome

The Landings

4080 Horseshoe Rd
Little River, SC
1-2 BR

Swansgate Apartments IIi

1050 10th Ave N
Surfside Beach, SC
HCV Welcome

Leyland Grove

1224 Pine St
Conway, SC
HCV Welcome

The Highlands at Socastee

SC Highway 707
Myrtle Beach, SC
HCV Welcome

Jefferson Place

6715 Jefferson Pl
Myrtle Beach, SC
62+
Accessible
Elderly Supportive Housing
Subsidized

Noel Villa Apartments

1104 Hemingway Chapel Rd
Conway, SC
62+
Accessible
Elderly Supportive Housing
Subsidized

There are 40 low income housing apartment complexes which contain 2,198 affordable apartments for rent in Horry County, South Carolina. Many of these rental apartments are income based housing with about 1,000 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 378 Project-Based Section 8 subsidized apartments in Horry County. There are 1,168 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Other Housing Authorities located in Horry County

Housing Authority Programs
Housing Authority of Conway Section 8 Housing Choice Voucher (HCV); Public Housing
Housing Authority of Myrtle Beach Section 8 Housing Choice Voucher (HCV)
Housing Authority of Atlantic Beach Public Housing

Guide To Affordable Housing in Horry County, South Carolina

Horry County, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 40
Total Low Income Apartments 2,198
Total Rent Assisted Apartments 1,000
Percentage of Housing Units Occupied By Renters 30.97%
Average Renter Household Size 2.60
Total Population 290,730
Housing Units 118,738
Average Household Size 2.43
Median Household Income $43,299 ±$1,047
Median Rent $843 ±$12
Percentage Of Renters Overburdened 51.11% ± 2.38pp

Population and Household Demographics

Horry County is a County in South Carolina with a population of 290,730. There are 118,738 households in the county with an average household size of 2.43 persons. 30.97% of households in Horry County are renters.

Income and Rent Overburden in Horry County

The median gross income for households in Horry County is $43,299 a year, or $3,608 a month. The median rent for the county is $843 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Horry County, a household making less than $2,810 a month would be considered overburdened when renting an apartment at or above the median rent. 51.11% of households who rent are overburdened in Horry County.1

Area Median Income In Horry County

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.

In Horry County, HUD calculates the Area Median Income for a family of four as $61,200

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 Horry County

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 Horry County HUD Rental Assistance in Horry County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,850 $16,910 $21,330 $25,750 $30,170 $34,590 $37,950 $40,400
50% of Median $21,450 $24,500 $27,550 $30,600 $33,050 $35,500 $37,950 $40,400
80% of Median $34,300 $39,200 $44,100 $48,950 $52,900 $56,800 $60,700 $64,650
Low Income Housing Tax Credits in Horry County

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

From 1987 to 2011, 24 low income apartment communities containing 1,414 rental apartments have been constructed and made affordable to low income persons in Horry County 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 Horry County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $25,740 $29,400 $33,060 $36,720 $39,660 $42,600 $45,540 $48,480

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 Horry County is $33,060 a year, or $2,755 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,755 by 30% to get a maximum rent of $827 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% $536 $574 $689 $796 $888 $979
60% $644 $689 $827 $955 $1,065 $1,175
Fair Market Rents in Horry County

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$793 $797 $932 $1,214 $1,401

Cities In Horry County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Myrtle Beach 15 The HUD funded Public Housing Agency that serves Myrtle Beach is the Housing Authority of Myrtle Beach.
Conway 14 The HUD funded Public Housing Agency that serves Conway is the Housing Authority of Conway.
Loris 4
Aynor 2
Little River 2
Red Hill 1
Socastee 0
Atlantic Beach 0
Briarcliffe Acres 0
Bucksport 0
Forestbrook 0
Garden City 0
North Myrtle Beach 0
Surfside Beach 2