Low Income Apartments and Affordable Housing For Rent in Colonial Heights, VA

Discover affordable housing in Colonial Heights 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.

The Oaks of Dunlop Farms

101 Old Oak Ln, Colonial Heights, Virginia 23834

Colonial Ridge Apartments

15101 Lorimer Rd, Colonial Heights, Virginia 23834

Dunlop Farms Senior Apartments

1000 Dunlop Pl, Colonial Heights, Virginia 23834

Clearfield Apartments at Dunlop Far

100 Clearfield Cir, Colonial Heights, Virginia 23834

Terrace View

200 Lakeview Park Rd, Colonial Heights, Virginia 23834

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Colonial Heights, Virginia
$29.02/hour
$17.02 (+142%) more than Virginia minimum wage and $21.77 (+300%) more than the Federal minimum wage.
Learn More About Colonial Heights, Virginia Affordable Housing ↓

What HUD offices serve Colonial Heights, 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) programs for Colonial Heights, Virginia.

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

How many renters live in Colonial Heights, Virginia?

The City of Colonial Heights has 18,158 people living in 7,612 households.

There are 5,253 renters living in 2,555 renter households in this City. Renters make up 28.93 percent of the population living in Colonial Heights.

What is the rental market like in Colonial Heights, Virginia?

There are an estimated 8,123 housing units in the Colonial Heights area. Of these, 2,647 units are rental homes, making up 33 percent of the housing market. For every renter household in Colonial Heights, Virginia, there are 1 rental units.

What is the vacancy rate for rentals in Colonial Heights?

The rental vacancy rate in Colonial Heights 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 Colonial Heights for each bedroom size?

Occupied Rental Units by Size in Colonial Heights
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
121 186 1,461 691 85
Occupied Rental Units by Size in Colonial Heights

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

Among renter households in this market, 52 percent have housing cost burden. Further, 28 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 Colonial Heights

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,328 to $2,393. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,328
One BR $1,365
Two BR $1,532
Three BR $1,959
Four BR $2,393
2024 Fair Market Rents in Colonial Heights, Virginia

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

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 111 92 percent
One BR 169 91 percent
Two BR 1,363 93 percent
Rental Units Below FMR in Colonial Heights, Virginia

How many affordable rental units are in Colonial Heights?

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

Federal Program Unit Count
Low Income Housing Tax Credit 513
Section 8 Project-Based Rental Assistance 2
Tracked Units by Federal Program in Colonial Heights, Virginia

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

Income Based Apartments in Colonial Heights, Virginia

Colonial Heights features 292 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 Colonial Heights, Virginia

There are 438 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Colonial Heights.

Housing Choice Vouchers in Colonial Heights, Virginia

On average, Section 8 Housing Choice vouchers pay Colonial Heights landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Colonial Heights.

The maximum amount a voucher would pay on behalf of a low-income tenant in Colonial Heights, Virginia for a two-bedroom apartment is between $1,379 and $1,685.

Sourced from federal housing data and AffordableHousingOnline.com research.