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

  • Home
  • Housing Waiting Lists
  • Apartment Search
  • Section 8 Waitlists
  • Apartment Waitlists
  • How To Apply
  • News
  • About Us
  • Sign Up for Alerts

Discover affordable housing in Wake County where there are 191+ 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.

Shepard Greene

626 Shepard School Rd, Zebulon, North Carolina 27597

bed1-2

payment$998-1100/mo.

Cosmo and Lewis Estates

1121-102 Hadley Road, Raleigh, North Carolina 27610

The Grande at Granite Falls

400 Grand Rock Way, Rolesville, North Carolina 27571

bed1-2

payment$1136-1361/mo.

The Arbors

2611 Pine Village Rd, Raleigh, North Carolina 27615

bed2-3

payment$850-975/mo.

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

How To Identify Affordable Housing in Wake County, 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 InWake County, 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 Wake County, North Carolina AffordableHousing ↓

What HUD offices serve Wake County, 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 Wake County, 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 Wake County, North Carolina.

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

How many renters live in Wake County, North Carolina?

The County of Wake County haspeople living in households.

There are renters living inrenter households in thisCounty. Renters make up 29.1percent of the population living in Wake County.

What is the rental market like in Wake County, North Carolina?

There are an estimated housing units in theWake County area. Of these, units are rentalhomes, making up percent of the housing market. Forevery renter household in Wake County, North Carolina, there are1.22 rental units.

What is the vacancy rate for rentals in Wake County?

The rental vacancy rate in Wake County 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 Wake County for each bedroom size?

Occupied Rental Units by Size in Wake County
StudioOne-BedroomTwo-BedroomThree-BedroomFour+ Bedrooms
6,57339,26164,24033,98010,925

Occupied Rental Units by Size in Wake County

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

How Much Is Rent in Wake County

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 Wake County, North Carolina

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

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
Studio4,35066 percent
One BR26,58168 percent
Two BR35,08755 percent

Rental Units Below FMR in Wake County, North Carolina

How many affordable rental units are in Wake County?

There are a variety of federal affordable housing programs serving households inWake County, 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
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Wake County, North Carolina

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

Income Based Apartments in Wake County, North Carolina

Wake County features 3,281 income based apartments.Tenants of income based apartments typically pay no more than 30% of their income towards rent andutilities.

Low Rent Apartments in Wake County, North Carolina

There are 7,966 rent subsidized apartments that do notprovide direct rental assistance but remain affordable to low income households in Wake County.

Housing Choice Vouchers in Wake County, North Carolina

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

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

Sourced from federal housing data and AffordableHousingOnline.comresearch.

Affordable Housing Tip

You can still apply to online applications without internet access.

If you don't have internet access, go to a local public library that has devices with an online connection.

What Renters Say About Us

La'Velle D Jackson says:

"I’ve had opportunities to apply to states and cities that I never thought of before on Affordable Housing Online. Thank you for your help!"

Low Income Apartments and Affordable Housing For Rent in Wake County, NC (2024)
Top Articles
Latest Posts
Article information

Author: Mr. See Jast

Last Updated:

Views: 6186

Rating: 4.4 / 5 (55 voted)

Reviews: 86% of readers found this page helpful

Author information

Name: Mr. See Jast

Birthday: 1999-07-30

Address: 8409 Megan Mountain, New Mathew, MT 44997-8193

Phone: +5023589614038

Job: Chief Executive

Hobby: Leather crafting, Flag Football, Candle making, Flying, Poi, Gunsmithing, Swimming

Introduction: My name is Mr. See Jast, I am a open, jolly, gorgeous, courageous, inexpensive, friendly, homely person who loves writing and wants to share my knowledge and understanding with you.