Low Income Apartments and Affordable Housing For Rent in Moncks Corner, SC

Discover affordable housing in Moncks Corner where there are 8+ 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.

Northbridge Court Apartments

110 Northbridge Ct, Moncks Corner, South Carolina 29461

Country Lane Apartments

105 Debby Lane, Moncks Corner, South Carolina 29461

Barony Place

120 Stilesandwells Drive, Moncks Corner, South Carolina 29461

Bci Homes, Inc

122 West St, Moncks Corner, South Carolina 29461

Berkeley Place Apartments

249 Gulledge Street, Moncks Corner, South Carolina 29461

St. Frances Villas

109 Bradley Rd, Moncks Corner, South Carolina 29461

Plantation Apartments

1022 Old Highway 52, Moncks Corner, South Carolina 29461

Plantation Associates of Moncks Corner

Old Hwy 52, Moncks Corner, South Carolina 29461

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Moncks Corner, South Carolina
$30.28/hour
$23.03 (+318%) more than South Carolina minimum wage and $23.03 (+318%) more than the Federal minimum wage.
Learn More About Moncks Corner, South Carolina Affordable Housing ↓

What HUD offices serve Moncks Corner, 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 Moncks Corner, South Carolina.

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

How many renters live in Moncks Corner, South Carolina?

The City of Moncks Corner has 13,456 people living in 4,864 households.

There are 2,655 renters living in 1,132 renter households in this City. Renters make up 19.73 percent of the population living in Moncks Corner.

What is the rental market like in Moncks Corner, South Carolina?

There are an estimated 5,125 housing units in the Moncks Corner area. Of these, 1,272 units are rental homes, making up 25 percent of the housing market. For every renter household in Moncks Corner, South Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Moncks Corner?

The rental vacancy rate in Moncks Corner 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 Moncks Corner for each bedroom size?

Occupied Rental Units by Size in Moncks Corner
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 143 462 483 0
Occupied Rental Units by Size in Moncks Corner

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

Among renter households in this market, 43 percent have housing cost burden. Further, 14 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 Moncks Corner

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,386 to $2,402. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,386
One BR $1,424
Two BR $1,599
Three BR $1,979
Four BR $2,402
2024 Fair Market Rents in Moncks Corner, South Carolina

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

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 131 92 percent
Two BR 422 91 percent
Rental Units Below FMR in Moncks Corner, South Carolina

How many affordable rental units are in Moncks Corner?

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

Federal Program Unit Count
Low Income Housing Tax Credit 168
Public Housing 75
Section 8 Project-Based Rental Assistance 100
Section 811 Supportive Housing for Persons with Disabilities 6
USDA Section 515 Rural Rental Housing 128
Tracked Units by Federal Program in Moncks Corner, South Carolina

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

Income Based Apartments in Moncks Corner, South Carolina

Moncks Corner features 317 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 Moncks Corner, South Carolina

There are 72 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Moncks Corner.

Housing Choice Vouchers in Moncks Corner, South Carolina

On average, Section 8 Housing Choice vouchers pay Moncks Corner landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Moncks Corner.

The maximum amount a voucher would pay on behalf of a low-income tenant in Moncks Corner, South Carolina for a two-bedroom apartment is between $1,439 and $1,759.

Sourced from federal housing data and AffordableHousingOnline.com research.