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

Discover affordable housing in Loris where there are 5+ 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.

Loris Gardens

4265 Suggs Street, Loris, South Carolina 29569

bed 1-2

Watsons Place

Heritage RD, Loris, South Carolina 29569

Tall Pines I

4300 Harrelson Ave, Loris, South Carolina 29569

Palmettos Way Apartments

4399 Suggs St, Loris, South Carolina 29569

Creekwood Apts

2340 Main St, Loris, South Carolina

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Loris, 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.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Loris, South Carolina
$18.53 (+256%) more than South Carolina minimum wage and $18.53 (+256%) more than the Federal minimum wage.
Learn More About Loris, South Carolina Affordable Housing ↓

How many renters live in Loris, South Carolina?

The City of Loris has people living in households.

There are renters living in renter households in this City. Renters make up 40.87 percent of the population living in Loris.

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

There are an estimated housing units in the Loris area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Loris, South Carolina, there are 1.02 rental units.

What is the vacancy rate for rentals in Loris?

The rental vacancy rate in Loris is 2 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 Loris for each bedroom size?

Occupied Rental Units by Size in Loris
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
76 151 218 114 0
Occupied Rental Units by Size in Loris

A large number of apartments in Loris 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 Loris

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,121 to $2,005. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,121
One BR $1,187
Two BR $1,361
Three BR $1,724
Four BR $2,005
2024 Fair Market Rents in Loris, South Carolina

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

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 66 87 percent
One BR 151 100 percent
Two BR 204 94 percent
Rental Units Below FMR in Loris, South Carolina

How many affordable rental units are in Loris?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Loris, South Carolina

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

Income Based Apartments in Loris, South Carolina

Loris features 94 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 Loris, South Carolina

There are 76 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Loris.

Housing Choice Vouchers in Loris, South Carolina

On average, Section 8 Housing Choice vouchers pay Loris landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Loris.

The maximum amount a voucher would pay on behalf of a low-income tenant in Loris, South Carolina for a two-bedroom apartment is between $1,225 and $1,497.

Sourced from federal housing data and AffordableHousingOnline.com research.