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

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Discover affordable housing in Raleigh where there are 142+ 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.

Walnut Ridge

1611 Royal Foxhound Ln, Raleigh, North Carolina 27610

bed2-4

payment$911-1144/mo.

River Haven Apartments

9300 Capital Blvd, Raleigh, North Carolina 27616

bed2-3

payment$800-1285/mo.

The Meadows at Brier Creek

11700 Arnold Palmer Dr, Raleigh, North Carolina 27617

bed1-2

payment$1231-1471/mo.

The Oaks at Brier Creek

9941 Brier Oak Place, Raleigh, North Carolina 27617

bed1-3

payment$1231-1695/mo.

Cosmo and Lewis Estates

1121-102 Hadley Road, Raleigh, North Carolina 27610

bedStudio-1

payment$679-842/mo.

The Arbors

2611 Pine Village Rd, Raleigh, North Carolina 27615

The Village at Washington Terrace

1951 Booker Dr., Raleigh, North Carolina 27610

bed1-3

Milburnie Road Apartments

901 Sawpit Dr, Raleigh, North Carolina 27610

bed2-3

payment$825-875/mo.

West Oaks Apartments

705 Flavion Dr, Raleigh, North Carolina 27608

bed2-3

payment$550-620/mo.

Shammah Winds Apartments

1407 Sawyer Rd, Raleigh, North Carolina 27610

bed2

payment$525/mo.

Wakefield Commons

10860 Common Oaks Dr., Raleigh, North Carolina 27614

bed2-3

East Haven Apartments

3930 Dowling Haven Pl, Raleigh, North Carolina 27610

bed2-3

payment$1520-1751/mo.

Overlooke at Simms Creek

4730 Archean Way, Raleigh, North Carolina 27616

bed1-3

payment$1229-1812/mo.

Quarry Trace Apartments

3700 Quarry Trace Drive, Raleigh, North Carolina 27610

bed1-3

Crystal Cove Apartments

815 Suffolk Blvd, Raleigh, North Carolina 27603

bed1-3

Wakefield Manor

10710 Nickleby Way, Raleigh, North Carolina 27614

bed1-2

Brookridge

3930 Durham Dr, Raleigh, North Carolina 27603

bedStudio

Glenbrook Crossing

336 Dacian Rd, Raleigh, North Carolina 27610

bed1-3

Raleigh Gardens Apartments

6145 Saint Giles St, Raleigh, North Carolina 27612

bed1-3

Meadowcreek Commons

1601 Royal Pines Dr, Raleigh, North Carolina 27610

bed1-2

How To Identify Affordable Housing in Raleigh, 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.

BadgeDescription

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.

Back to rentals ↑

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

$31.17/hour

$23.92

(+330%) more thanNorth Carolina minimum wage and

$23.92

(+330%) more than the Federal minimum wage.

Learn More About Raleigh, North Carolina AffordableHousing ↓

What HUD offices serve Raleigh, 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.

Raleigh Housing Authority

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Raleigh, North Carolina.

Housing Authority of the County of Wake

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Public Housing Homeownership, Family Self-Sufficiency programs for Raleigh, North Carolina.

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

How many renters live in Raleigh, North Carolina?

The City of Raleigh haspeople living in households.

There are renters living inrenter households in thisCity. Renters make up 42.38percent of the population living in Raleigh.

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

There are an estimated housing units in theRaleigh area. Of these, units are rentalhomes, making up percent of the housing market. Forevery renter household in Raleigh, North Carolina, there are1.23 rental units.

What is the vacancy rate for rentals in Raleigh?

The rental vacancy rate in Raleigh is 16 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 Raleigh for each bedroom size?

Occupied Rental Units by Size in Raleigh
StudioOne-BedroomTwo-BedroomThree-BedroomFour+ Bedrooms
5,10025,31241,04018,8565,800

Occupied Rental Units by Size in Raleigh

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

How Much Is Rent in Raleigh

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - rangesfrom $1,427 to $2,711. FMRs areupdated annually by HUD for every city and county nationwide.

Bed Size2024 Fair Market Rents
Studio$1,427
One BR$1,466
Two BR$1,646
Three BR$2,035
Four BR$2,711

2024 Fair Market Rents in Raleigh, North Carolina

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

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 SizeCount of Units Below FMRPercentage of Total Units Below FMR
Studio3,84475 percent
One BR16,79866 percent
Two BR23,23157 percent

Rental Units Below FMR in Raleigh, North Carolina

How many affordable rental units are in Raleigh?

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

Federal ProgramUnit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Mod Rehab 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 Raleigh, North Carolina

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

Income Based Apartments in Raleigh, North Carolina

Raleigh features 2,494 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.

Low Rent Apartments in Raleigh, North Carolina

There are 6,327 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Raleigh.

Housing Choice Vouchers in Raleigh, North Carolina

On average, Section 8 Housing Choice vouchers pay Raleigh landlords$600 per month towards rent. The average voucher holdercontributes $400 towards rent inRaleigh.

The maximum amount a voucher would pay on behalf of a low-income tenant in Raleigh, North Carolina fora two-bedroom apartment is between $1,481 and $1,811.

Sourced from federal housing data and AffordableHousingOnline.comresearch.

Affordable Housing Tip

Know your rights as a Section 8 tenant.

Some states and local governments have laws that protect renters with a Section 8 voucher who are looking for an available unit. Check your local laws.

What Renters Say About Us

Courtney Cannon Scott says:

"Affordable Housing Online is a very good, comprehensive resource for finding affordable housing in the U.S. and its territories!"

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