Low Income Apartments and Affordable Housing For Rent in Albemarle County, VA

Discover affordable housing in Albemarle County where there are 120+ 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.

Belford Commons

425 Washington St , Emporia, Virginia 23847

Cedar Square

210 Patrick Ave , Stuart, Virginia 24171

Battleground Apartments

105 Battleground Ave , Saltville, Virginia 24370

North Fork Manor Apartments

233 Elizabeth Street, Saltville, Virginia 24370

Cedar Forest Apartments

306 Dairy St , Covington, Virginia 24426

Johnson Williams Apartments

301 Josephine St , Berryville, Virginia 22611

Clifton Woods Apartments

1710 Main St, Clifton Forge, Virginia 24422

Mountain View Apartments

1700 Main St, Clifton Forge, Virginia 24422

Sussex Trace

7144 Leneave Ln, Waverly, Virginia 23890

Orchard Court

117 Page St, Berryville, Virginia 22611

Colonial Ridge

104 N Music St, Gretna, Virginia 24557

Candlewood Apartments

1107 W Osborn Rd, Farmville, Virginia 23901

Farm Ridge Apartments

414 Maryland St, Farmville, Virginia 23901

Marion Manor

1001 Marion Manor Drive, Marion, Virginia 24354

Village Estates

642 K V Rd, Victoria, Virginia 23974

Country Estates Apartments

402 Cedar Avenue, Farmville, Virginia 23901

New Victoria Place

1409 Tidewater Ave, Victoria, Virginia 23974

Carousel Court

5714 Seminary Rd STE A , Falls Church, Virginia 22041

Hollybrooke III

3012 Patrick Henry Dr , Falls Church, Virginia 22044

Parc Crest

900 Poplar Forest Rd, Farmville, Virginia 23901

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Albemarle County, Virginia
$31.78/hour
$19.78 (+165%) more than Virginia minimum wage and $24.53 (+338%) more than the Federal minimum wage.
Learn More About Albemarle County, Virginia Affordable Housing ↓

What HUD offices serve Albemarle County, Virginia?

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), Section 8 Project-Based Rental Assistance (PBRA) programs for Albemarle County, Virginia.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Albemarle County, Virginia.

Go to the Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Albemarle County.

How many renters live in Albemarle County, Virginia?

The County of Albemarle County has 114,534 people living in 45,178 households.

There are 35,950 renters living in 17,486 renter households in this County. Renters make up 31.39 percent of the population living in Albemarle County.

What is the rental market like in Albemarle County, Virginia?

There are an estimated 49,217 housing units in the Albemarle County area. Of these, 18,493 units are rental homes, making up 38 percent of the housing market. For every renter household in Albemarle County, Virginia, there are 1 rental units.

What is the vacancy rate for rentals in Albemarle County?

The rental vacancy rate in Albemarle County 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 Albemarle County for each bedroom size?

Occupied Rental Units by Size in Albemarle County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
510 2,897 6,027 3,681 1,091
Occupied Rental Units by Size in Albemarle County

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

Among renter households in this market, 41 percent have housing cost burden. Further, 20 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 Albemarle County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,392 to $2,608. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,392
One BR $1,415
Two BR $1,678
Three BR $2,114
Four BR $2,608
2024 Fair Market Rents in Albemarle County, Virginia

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

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 383 75 percent
One BR 1,452 50 percent
Two BR 2,505 42 percent
Rental Units Below FMR in Albemarle County, Virginia

How many affordable rental units are in Albemarle County?

There are a variety of federal affordable housing programs serving households in Albemarle County, Virginia including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 1,089
Section 8 Project-Based Rental Assistance 57
Mod Rehab Project-Based Rental Assistance 33
Tracked Units by Federal Program in Albemarle County, Virginia

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

Income Based Apartments in Albemarle County, Virginia

Albemarle County features 4,371 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 Albemarle County, Virginia

There are 2,803 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Albemarle County.

Housing Choice Vouchers in Albemarle County, Virginia

On average, Section 8 Housing Choice vouchers pay Albemarle County landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Albemarle County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Albemarle County, Virginia for a two-bedroom apartment is between $1,510 and $1,846.

Sourced from federal housing data and AffordableHousingOnline.com research.