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.

Rolling Meadows

4906 Grand Strand Dr, Williamsburg, Virginia 23188

Preston Place

124 Castlebridge Ct, Winchester, Virginia 22602

The Meadows

508 Hylawn Avenue, Farmville, Virginia 23901

Keysville Manor

150 Manor Drive, Keysville, Virginia 23947

Waverly Village

600 Amherst Lane, Waverly, Virginia 23890

Cricket Hill

21 Saint Ives Court, Mathews, Virginia 23109

Milnwood Village

1100 Milnwood Village Ln, Farmville, Virginia 23901

Lafayette Family Apartments

121 Lafayette Blvd , Williamsburg, Virginia 23188

Lafayette Square

121 Lafayette Blvd , Williamsburg, Virginia 23188

Rivermeade Apartments II

100 Townley Ct, Yorktown, Virginia 23690

Rivermeade Apartments I

101 Rivermeade Ct , Yorktown, Virginia 23690

Lafayette Elderly Apartments

121 Lafayette Blvd, Williamsburg, Virginia 23188

Yorktown Square I Apartments

100 Barham Blvd, Yorktown, Virginia 23690

Yorktown Square II Apartments

202 Barham Blvd, Yorktown, Virginia 23690

Dolly Ann

826 Long Ave, Covington, Virginia 24426

Prospect Homes

746 Prospect Ave, Charlottesville, Virginia 22980

Parkview Gardens

204 Parkview Dr, Farmville, Virginia 23901

The Woods at Yorktown

2801 Old Williamsburg Rd , Yorktown, Virginia 23690

East Falls Apartments

2913-A Peyton Randolph Dr., Falls Church, Virginia 22044

Goodson Manor Apartments

406 Doswell St , Farmville, Virginia 23901

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.