Low Income Apartments and Affordable Housing For Rent in Bassett, VA

Discover affordable housing in Bassett where there are 2+ 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.

Brookshire Apartments

65 Brookshire Ln, Bassett, Virginia 24055

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

53 Meadow Green Rd Unit T-6

53 Meadow Green Rd Unit T-6, Bassett, Virginia 24055

bed 1
payment $550/mo.

How To Identify Affordable Housing in Bassett, Virginia

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.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bassett, Virginia
$17.14/hour
$5.14 (+43%) more than Virginia minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Bassett, Virginia Affordable Housing ↓

What HUD offices serve Bassett, 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), Public Housing, Homeownership Voucher, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV), Mainstream Voucher, Family Unification Program (FUP) programs for Bassett, Virginia.

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

How many renters live in Bassett, Virginia?

The City of Bassett has people living in households.

There are renters living in renter households in this City. Renters make up 32.28 percent of the population living in Bassett.

What is the rental market like in Bassett, Virginia?

There are an estimated housing units in the Bassett area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Bassett, Virginia, there are 1 rental units.

What is the vacancy rate for rentals in Bassett?

The rental vacancy rate in Bassett is 0 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 Bassett for each bedroom size?

Occupied Rental Units by Size in Bassett
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 61 37 0
Occupied Rental Units by Size in Bassett

A large number of apartments in Bassett 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 Bassett

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $697 to $1,311. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $697
One BR $701
Two BR $905
Three BR $1,100
Four BR $1,311
2024 Fair Market Rents in Bassett, Virginia

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

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
Two BR 61 100 percent
Rental Units Below FMR in Bassett, Virginia

How many affordable rental units are in Bassett?

Income Based Apartments in Bassett, Virginia

Bassett features 64 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 Bassett, Virginia

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bassett.

Housing Choice Vouchers in Bassett, Virginia

On average, Section 8 Housing Choice vouchers pay Bassett landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bassett.

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

Sourced from federal housing data and AffordableHousingOnline.com research.

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