Low Income Apartments For Rent in Saratoga Springs, NY

Rental assistance programs support 169 low-income homes in Saratoga Springs where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $386 towards rent each month.

Affordable rent data for some communities last confirmed on June 26th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Saratoga Springs, New York

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.

Housing Authority	Programs
Saratoga Springs Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing
Town of Clifton Park	Section 8 Housing Choice Voucher (HCV)
Town of Hadley	Section 8 Housing Choice Voucher (HCV)
Town of Guilderland	Section 8 Housing Choice Voucher (HCV)
Town of Bethlehem	Section 8 Housing Choice Voucher (HCV)
Town of Duanesburg	Section 8 Housing Choice Voucher (HCV)
Town of Niskayuna	Section 8 Housing Choice Voucher (HCV)
Town of Schodack	Section 8 Housing Choice Voucher (HCV)
City of Johnstown	Section 8 Housing Choice Voucher (HCV)
Town of Knox	Section 8 Housing Choice Voucher (HCV)
Town of Waterford	Section 8 Housing Choice Voucher (HCV)
Village of Scotia	Section 8 Housing Choice Voucher (HCV)
Town of Glenville	Section 8 Housing Choice Voucher (HCV)
Town of Rotterdam	Section 8 Housing Choice Voucher (HCV)
Town of Corinth	Section 8 Housing Choice Voucher (HCV)
Village of Corinth	Section 8 Housing Choice Voucher (HCV)
Town of Coeymans	Section 8 Housing Choice Voucher (HCV)
Town of Stillwater	Section 8 Housing Choice Voucher (HCV)
Village of Ballston Spa	Section 8 Housing Choice Voucher (HCV)
Town of Nassau	Section 8 Housing Choice Voucher (HCV)
Village of Waterford	Section 8 Housing Choice Voucher (HCV)

Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Saratoga Springs.

Saratoga Springs, New York Affordable Housing Data

Income Based Apartments in Saratoga Springs, New York

Saratoga Springs features 169 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 Saratoga Springs, New York

There are 464 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Saratoga Springs.

Housing Choice Vouchers in Saratoga Springs, New York

On average, Section 8 Housing Choice vouchers pay Saratoga Springs landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Saratoga Springs.

The maximum amount a voucher would pay on behalf of a low-income tenant in Saratoga Springs, New York for a two-bedroom apartment is between $1,237 and $1,511.

2024 Saratoga Springs, New York Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

	Studio	One BR	Two BR	Three BR	Four BR
Saratoga Springs, New York Fair Market Rent	$1,011	$1,131	$1,374	$1,661	$1,830
Saratoga Springs, New York Payment Standard Range	$910 to $1,112	$1,018 to $1,244	$1,237 to $1,511	$1,495 to $1,827	$1,647 to $2,013

Sourced from federal housing data and AffordableHousingOnline.com research.

Saratoga Springs, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 14

Total Low Income Apartments 749

Total Housing Units with Rental Assistance 169

Percentage of Housing Units Occupied By Renters 45.47%

Average Renter Household Size 1.76

Average Household Size 2.11

Median Household Income $70,187 ±$4,215

Median Rent $1,008 ±$75

Percentage Of Renters Overburdened 37.71% ± 6.52pp

Total Population 27,244

Total Affordable Apartment Properties	14
Total Low Income Apartments	749
Total Housing Units with Rental Assistance	169
Percentage of Housing Units Occupied By Renters	45.47%
Average Renter Household Size	1.76
Average Household Size	2.11
Median Household Income	$70,187 ±$4,215
Median Rent	$1,008 ±$75
Percentage Of Renters Overburdened	37.71% ± 6.52pp
Total Population	27,244

Population and Household Demographics

Saratoga Springs is a city in Saratoga County, New York with a population of 27,244. There are 11,616 households in the city with an average household size of 2.11 persons. 45.47% of households in Saratoga Springs are renters.

Income and Rent Overburden in Saratoga Springs

The median gross income for households in Saratoga Springs is $70,187 a year, or $5,849 a month. The median rent for the city is $1,008 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Saratoga Springs, a household making less than $3,360 a month would be considered overburdened when renting an apartment at or above the median rent. 37.71% of households who rent are overburdened in Saratoga Springs.

Area Median Income In Saratoga Springs

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Saratoga Springs, the AMI is calculated from all households within Saratoga County.

In Saratoga Springs, HUD calculates the Area Median Income for a family of four as $113,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Saratoga Springs

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Saratoga Springs

	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning up to 30% of the Saratoga Springs AMI may qualify for rental assistance programs that target Extremely Low Income households.	$23,600	$26,950	$30,300	$33,650	$36,350	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Saratoga Springs AMI may qualify for rental assistance programs that target Very Low Income households.	$39,300	$44,900	$50,500	$56,100	$60,600	$65,100	$69,600	$74,100
80% AMI Income Limits Renters earning up to 80% of the Saratoga Springs AMI may qualify for rental assistance programs that target Low Income households.	$62,850	$71,800	$80,800	$89,750	$96,950	$104,150	$111,300	$118,500