Low Income Apartments and Affordable Housing For Rent in Princeton, WV

Discover affordable housing in Princeton where there are 14+ 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.

Ryan Village

200 Ryan Village, Princeton, West Virginia 24740

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible

Fox Ridge

100 Church Lane, Princeton, West Virginia 24740

bed 2-3
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Bluestone Apartments

100 Blue Rock Cir, Princeton, West Virginia 24739

bed 1
switch_access_shortcut Short Wait
accessibility Accessible

Princeton Towers

901 Stafford Dr, Princeton, West Virginia 24740

payment Subsidized

Princeton Village

601 Low Gap Rd, Princeton, West Virginia 24740

payment Subsidized

852 Mercer St

852 Mercer St, Princeton, West Virginia 24740

bed 1
payment $600/mo.

300 Kee St Unit 300

300 Kee St Unit 300, Princeton, West Virginia 24740

bed 3
payment $1150/mo.

945 Mercer St Unit 302

945 Mercer St Unit 302, Princeton, West Virginia 24740

bed 2
payment $700/mo.

Mercer Manor Apartments

200 Church Ln, Princeton, West Virginia 24740

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Dara Heights Apartments

214 Dara Heights Pl, Princeton, West Virginia 24739

switch_access_shortcut Short Wait
accessibility Accessible

Pepperidge Apts

137 Bratton Ave, Princeton, West Virginia

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Pauli Heights Limited Partners

653 Halls Ridge Rd, Princeton, West Virginia 24739

943 Building Apartments

943 Mercer St, Princeton, West Virginia 24740

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Midtown Apartments Complex

700 Mercer St, Princeton, West Virginia 24740

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

How To Identify Affordable Housing in Princeton, West 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 Princeton, West Virginia
$16.06/hour
$7.31 (+84%) more than West Virginia minimum wage and $8.81 (+122%) more than the Federal minimum wage.
Learn More About Princeton, West Virginia Affordable Housing ↓

How many renters live in Princeton, West Virginia?

The City of Princeton has people living in households.

There are renters living in renter households in this City. Renters make up 43.29 percent of the population living in Princeton.

What is the rental market like in Princeton, West Virginia?

There are an estimated housing units in the Princeton area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Princeton, West Virginia, there are 1.03 rental units.

What is the vacancy rate for rentals in Princeton?

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

Occupied Rental Units by Size in Princeton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
43 220 764 151 87
Occupied Rental Units by Size in Princeton

A large number of apartments in Princeton 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 Princeton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $575 to $1,250. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $575
One BR $690
Two BR $848
Three BR $1,165
Four BR $1,250
2024 Fair Market Rents in Princeton, West Virginia

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

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 0 100 percent
One BR 149 68 percent
Two BR 452 59 percent
Rental Units Below FMR in Princeton, West Virginia

How many affordable rental units are in Princeton?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Princeton, West Virginia

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

Income Based Apartments in Princeton, West Virginia

Princeton features 436 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 Princeton, West Virginia

There are 196 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Princeton.

Housing Choice Vouchers in Princeton, West Virginia

On average, Section 8 Housing Choice vouchers pay Princeton landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Princeton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Princeton, West Virginia for a two-bedroom apartment is between $763 and $933.

Sourced from federal housing data and AffordableHousingOnline.com research.

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