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

Discover affordable housing in Walterboro where there are 10+ 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.

Magnolia Village

450 Spruce Street, Walterboro, South Carolina 29488

Edisto Terrace Apartments

180 Mabel T Willis Blvd, Walterboro, South Carolina 29488

Hillcrest Apartments

518 Sniders Hwy, Walterboro, South Carolina 29488

Meadow Creek Apartments

156 Kimbrell St, Walterboro, South Carolina 29488

Druid Hills II Apartments

189 Beach Rd, Walterboro, South Carolina 29488

Bay Meadows Apartments

200 Dorsey Street, Walterboro, South Carolina 29488

Lincoln Apartments

404 Witsell St, Walterboro, South Carolina 29488

Walterboro Village Apartments

601 Greenpond Hwy, Walterboro, South Carolina 29488

Cambridge Pointe

116 Neyle St, Walterboro, South Carolina 29488

Colleton Heights ( Aka Druid Hills I )

300 Sniders Hwy, Walterboro, South Carolina 29488

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Walterboro, South Carolina
$17.14/hour
$9.89 (+136%) more than South Carolina minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Walterboro, South Carolina Affordable Housing ↓

What HUD offices serve Walterboro, 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), Homeownership Voucher programs for Walterboro, South Carolina.

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

How many renters live in Walterboro, South Carolina?

The City of Walterboro has 5,515 people living in 2,275 households.

There are 2,575 renters living in 1,178 renter households in this City. Renters make up 46.69 percent of the population living in Walterboro.

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

There are an estimated 2,592 housing units in the Walterboro area. Of these, 1,392 units are rental homes, making up 54 percent of the housing market. For every renter household in Walterboro, South Carolina, there are 1 rental units.

What is the vacancy rate for rentals in Walterboro?

The rental vacancy rate in Walterboro is 15 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 Walterboro for each bedroom size?

Occupied Rental Units by Size in Walterboro
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
55 235 622 266 0
Occupied Rental Units by Size in Walterboro

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

Among renter households in this market, 43 percent have housing cost burden. Further, 13 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 Walterboro

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $720 to $1,457. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $720
One BR $756
Two BR $905
Three BR $1,094
Four BR $1,457
2024 Fair Market Rents in Walterboro, South Carolina

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

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 49 89 percent
One BR 180 77 percent
Two BR 369 59 percent
Rental Units Below FMR in Walterboro, South Carolina

How many affordable rental units are in Walterboro?

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

Federal Program Unit Count
Low Income Housing Tax Credit 192
Section 8 Project-Based Rental Assistance 277
USDA Section 515 Rural Rental Housing 104
Tracked Units by Federal Program in Walterboro, South Carolina

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

Income Based Apartments in Walterboro, South Carolina

Walterboro features 380 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 Walterboro, South Carolina

There are 118 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Walterboro.

Housing Choice Vouchers in Walterboro, South Carolina

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Walterboro, South Carolina for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.