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

Discover affordable housing in Broadway where there are 5+ 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.

250 Telluride Dr

250 Telluride Dr, Broadway, Virginia 22815

bed 3
payment $1525/mo.

286 Alger Ln

286 Alger Ln, Broadway, Virginia 22815

bed 3
payment $1275/mo.

The Highlands II

185 Lee Jackson Ct, Broadway, Virginia 22815

switch_access_shortcut Short Wait
accessibility Accessible

Lee - High Residence

192 E Lee St, Broadway, Virginia 22815

payment Subsidized

Springbrook Place

273 Alger Ln, Broadway, Virginia 22815

switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Broadway, 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.
calendar_today Opened: Mar 1
Open Until Further Notice
devices
calendar_month

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Broadway, Virginia
$22.78/hour
$10.78 (+90%) more than Virginia minimum wage and $15.53 (+214%) more than the Federal minimum wage.
Learn More About Broadway, Virginia Affordable Housing ↓

What HUD offices serve Broadway, 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), Family Self-Sufficiency, Moving to Work programs for Broadway, Virginia.
Operates the Section 8 Housing Choice Voucher (HCV), Section 8 Project-Based Rental Assistance (PBRA) programs for Broadway, Virginia.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Broadway, Virginia.

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

How many renters live in Broadway, Virginia?

The City of Broadway has people living in households.

There are renters living in renter households in this City. Renters make up 28.35 percent of the population living in Broadway.

What is the rental market like in Broadway, Virginia?

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

What is the vacancy rate for rentals in Broadway?

The rental vacancy rate in Broadway 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 Broadway for each bedroom size?

Occupied Rental Units by Size in Broadway
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 93 331 144 0
Occupied Rental Units by Size in Broadway

A large number of apartments in Broadway 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 Broadway

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $921 to $2,041. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $921
One BR $927
Two BR $1,203
Three BR $1,619
Four BR $2,041
2024 Fair Market Rents in Broadway, Virginia

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

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 93 100 percent
Two BR 236 71 percent
Rental Units Below FMR in Broadway, Virginia

How many affordable rental units are in Broadway?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in Broadway, Virginia

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

Income Based Apartments in Broadway, Virginia

Broadway features 13 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 Broadway, Virginia

There are 62 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Broadway.

Housing Choice Vouchers in Broadway, Virginia

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Broadway, Virginia for a two-bedroom apartment is between $1,083 and $1,323.

Sourced from federal housing data and AffordableHousingOnline.com research.

Email Signup
Don't Miss A Waiting List Opening