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.

Sign Post Estates

6230 Sign Post Ln, Charles City, Virginia 23030

The Parks of Chatham

1152 N Main St, Chatham, Virginia 24531

Ridgecrest at Richfield

3720 Knollridge Rd, Salem, Virginia 24153

Alberta Manor

77 Elm St, Alberta, Virginia 23821

Dogwood Place

1326 3rd St, Waynesboro, Virginia 22980

Hopewell Heights

4105 Old Iron Ct, Hopewell, Virginia 23860

Hartwood Place

7411 Shreve Rd, Falls Church, Virginia 22043

Evergreen Manor

420 Doswell St, Farmville, Virginia 23901

Parkerview

150 Carriage Rd, Williamsburg, Virginia 23188

Oakview Gardens II

5836 Oakview Gardens Dr, Falls Church, Virginia 22041

Timberlake Village

412 Cedar St, Farmville, Virginia 23901

The Meadowlands

5735 Meadows Dr, Crozet, Virginia 22932

Timberlake Village II

428 Doswell St, Farmville, Virginia 23901

Gold Hill Village

Po Box 400, Dillwyn, Virginia 23936

Woods Of Williamsburg

110 Dehaven Ct Ofc C , Williamsburg, Virginia 23188

Emporia Limited

712 Carver Cir, Emporia, Virginia 23847

Southview Apartments

252 View Dr , Marion, Virginia 24354

Kippax Place

100 S Kippax St, Hopewell, Virginia 23860

Coralain Gardens

7435 Arlington Blvd, Falls Church, Virginia 22042

Scottsville School Apartments

300 Page St, Scottsville, Virginia 24590

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.