Low Income Apartments and Affordable Housing For Rent in Charlotte, NC (2024)

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Discover affordable housing in Charlotte where there are 230+ 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.

South Oak Crossing

7609 Kings Ridge Dr, Charlotte, North Carolina 28217

bed2-3

payment$960-1075/mo.

switch_access_shortcutShort Wait

accessibilityAccessible

Whitehall Crossing

2650 Arrowwood Rd, Charlotte, North Carolina 28273

bed2-3

switch_access_shortcutShort Wait

Willow Oak Run

2908 Turning Oak Dr, Charlotte, North Carolina 28208

bed2-3

payment$285-732/mo.

switch_access_shortcutShort Wait

accessibilityAccessible

Orchard Park Apartments

845 B Cates, Charlotte, North Carolina 28202

bed1-3

switch_access_shortcutShort Wait

paymentSubsidized

Fairmarket Plaza Apartments

6427 Plaza Rd, Charlotte, North Carolina 28215

bed1

paymentSubsidized

McAden Park Apartments

1303 Seigle Avenue, Charlotte, North Carolina 28205

bed1-3

accessibilityAccessible

How To Identify Affordable Housing in Charlotte, North Carolina

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_shortcutShort Wait	Low income apartments with no or short waiting lists.
paymentSubsidized	Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agentAccepts Vouchers	Apartments that accept Section 8 vouchers near you
elderlySenior	Rental housing for seniors who are 55 (or sometimes 62) and older.
paymentIncome Based	Affordable apartments where the rent paid is based on renter income.
accessibilityAccessible	Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forwardDisability	Apartments for individuals or families with disabilities.
real_estate_agentNaturally Affordable	Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.

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The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment InCharlotte, North Carolina

$29.43/hour

$22.18

(+306%) more thanNorth Carolina minimum wage and

$22.18

(+306%) more than the Federal minimum wage.

Learn More About Charlotte, North Carolina AffordableHousing ↓

What HUD offices serve Charlotte, North Carolina?

Public Housing Agencies operate federally assisted affordable housing programs atlocal levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within theirjurisdiction.

Inlivian

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Family Self-Sufficiency, Moving to Work, Section 8 Project-Based Voucher (PBV) programs for Charlotte, North Carolina.

Go to theNorth CarolinaPublic Housing and Low-Income Apartments Waiting Lists page for openings near Charlotte.

How many renters live in Charlotte, North Carolina?

The City of Charlotte haspeople living in households.

There are renters living inrenter households in thisCity. Renters make up 44.01percent of the population living in Charlotte.

What is the rental market like in Charlotte, North Carolina?

There are an estimated housing units in theCharlotte area. Of these, units are rentalhomes, making up percent of the housing market. Forevery renter household in Charlotte, North Carolina, there are1.09 rental units.

What is the vacancy rate for rentals in Charlotte?

The rental vacancy rate in Charlotte is 7 percent.This is ahigher than averagevacancy rate.When rental vacancy rates are high it means that there are a lot of available units and rents tendto be lower.

How many rental units are in Charlotte for each bedroom size?

Occupied Rental Units by Size in Charlotte

Studio	One-Bedroom	Two-Bedroom	Three-Bedroom	Four+ Bedrooms
9,869	52,562	70,280	41,300	11,097

Occupied Rental Units by Size in Charlotte

A large number of apartments in Charlotte have two or fewer bedrooms. Seniors and youngprofessionalsespecially may have more success finding an apartment that meets their needs.

How Much Is Rent in Charlotte

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $1,347 to $2,481. FMRs areupdated annually by HUD for every city and county nationwide.

Bed Size	2024 Fair Market Rents
Studio	$1,347
One BR	$1,384
Two BR	$1,554
Three BR	$1,936
Four BR	$2,481

2024 Fair Market Rents in Charlotte, North Carolina

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

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s FairMarket Rent. Markets with a large share of units above FMR tend to have longer search times to find aqualified unit, while those with a large share of units below FMR tend to have more choices and shortersearch 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	4,559	46 percent
One BR	30,798	59 percent
Two BR	36,442	52 percent

Rental Units Below FMR in Charlotte, North Carolina

How many affordable rental units are in Charlotte?

There are a variety of federal affordable housing programs serving households inCharlotte, North Carolina including the following:

Federal Program	Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities

Tracked Units by Federal Program in Charlotte, North Carolina

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

Income Based Apartments in Charlotte, North Carolina

Charlotte features 6,394 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.

Low Rent Apartments in Charlotte, North Carolina

There are 8,283 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Charlotte.

Housing Choice Vouchers in Charlotte, North Carolina

On average, Section 8 Housing Choice vouchers pay Charlotte landlords$700 per month towards rent. The average voucher holdercontributes $300 towards rent inCharlotte.

The maximum amount a voucher would pay on behalf of a low-income tenant in Charlotte, North Carolina fora two-bedroom apartment is between $1,399 and $1,709.

Sourced from federal housing data and AffordableHousingOnline.comresearch.

Affordable Housing Tip

Housing options for renters with a criminal record.

A criminal history does not automatically disqualify a renter from federal housing assistance. But more serious offenses may make you inelligible if they were recent.

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