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

Discover affordable housing in Henry County where there are 1+ 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

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Henry County, 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 Henry County, Virginia Affordable Housing ↓

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

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

How many renters live in Henry County, Virginia?

The County of Henry County has 50,760 people living in 20,411 households.

There are 12,350 renters living in 5,470 renter households in this County. Renters make up 24.33 percent of the population living in Henry County.

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

There are an estimated 25,475 housing units in the Henry County area. Of these, 6,237 units are rental homes, making up 24 percent of the housing market. For every renter household in Henry County, Virginia, there are 1 rental units.

What is the vacancy rate for rentals in Henry County?

The rental vacancy rate in Henry County is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Henry County for each bedroom size?

Occupied Rental Units by Size in Henry County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
187 665 2,486 1,793 251
Occupied Rental Units by Size in Henry County

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

Among renter households in this market, 40 percent have housing cost burden. Further, 19 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 Henry County

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 Henry County, Virginia

How many units are rented at Fair Market Rent (FMR) in Henry 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 148 79 percent
One BR 507 76 percent
Two BR 1,761 71 percent
Rental Units Below FMR in Henry County, Virginia

How many affordable rental units are in Henry County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 105
USDA Section 515 Rural Rental Housing 245
Tracked Units by Federal Program in Henry County, Virginia

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

Income Based Apartments in Henry County, Virginia

Henry County 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 Henry County, Virginia

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

Housing Choice Vouchers in Henry County, Virginia

On average, Section 8 Housing Choice vouchers pay Henry County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Henry County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.