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

Discover affordable housing in Salem where there are 4+ 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.

Oak Park Apartments in Salem

105 Otter Ave, Salem, Virginia 24153

bed 2-3
switch_access_shortcut Short Wait
accessibility Accessible

Ridgecrest at Richfield

3720 Knollridge Rd, Salem, Virginia 24153

payment Subsidized

Salem Commons

1866 Salem Commons Lane, Salem, Virginia 24153

bed 2-3
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

418 Chestnut St Unit 418 Chestnut St #2

418 Chestnut St Unit 418 Chestnut St #2, Salem, Virginia 24153

bed 2
payment $995/mo.

How To Identify Affordable Housing in Salem, 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 Salem, Virginia
$20.61/hour
$8.61 (+72%) more than Virginia minimum wage and $13.36 (+184%) more than the Federal minimum wage.
Learn More About Salem, Virginia Affordable Housing ↓

What HUD offices serve Salem, 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 Salem, Virginia.

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

How many renters live in Salem, Virginia?

The City of Salem has people living in households.

There are renters living in renter households in this City. Renters make up 26.3 percent of the population living in Salem.

What is the rental market like in Salem, Virginia?

There are an estimated housing units in the Salem area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Salem, Virginia, there are 1.06 rental units.

What is the vacancy rate for rentals in Salem?

The rental vacancy rate in Salem is 6 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 Salem for each bedroom size?

Occupied Rental Units by Size in Salem
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
78 593 1,950 734 243
Occupied Rental Units by Size in Salem

A large number of apartments in Salem 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 Salem

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $811 to $1,760. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $811
One BR $894
Two BR $1,088
Three BR $1,513
Four BR $1,760
2024 Fair Market Rents in Salem, Virginia

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

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 34 44 percent
One BR 387 65 percent
Two BR 1,044 54 percent
Rental Units Below FMR in Salem, Virginia

How many affordable rental units are in Salem?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Tracked Units by Federal Program in Salem, Virginia

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

Income Based Apartments in Salem, Virginia

Salem features 106 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 Salem, Virginia

There are 242 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Salem.

Housing Choice Vouchers in Salem, Virginia

On average, Section 8 Housing Choice vouchers pay Salem landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Salem.

The maximum amount a voucher would pay on behalf of a low-income tenant in Salem, Virginia for a two-bedroom apartment is between $979 and $1,197.

Sourced from federal housing data and AffordableHousingOnline.com research.

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