; Low Income Apartments For Rent in Iredell County, NC

Apply to Iredell County Apartment Waiting Lists

Church Street Apartments

241 S Church St
Mooresville, North Carolina
Subsidized
Rent Assisted
Senior
Supportive
PBRA
S515

Plaza Apartments ( the )

120 S Meeting St
Statesville, North Carolina
Subsidized
PBRA
BMIR

Kings Grant II

410 Kings Grant Ct
Statesville, North Carolina
Subsidized
Senior
S. 202
BMIR

The Retreat at Statesville

194 North Pointe Blvd
Statesville, North Carolina
Rent Assisted
LIHTC
Call For Rent
1-2 BR

Parkwood Village

910 Inglewood Rd
Statesville, North Carolina
Subsidized
Public Housing
Call For Rent
1-5 BR

Oaktree Village

1209 Ascending Ln
Statesville, North Carolina
Subsidized
Public Housing
Call For Rent
3-5 BR

Summit Village

1353 Pearl St
Statesville, North Carolina
Subsidized
Public Housing
Call For Rent
1-3 BR

425 Van Buren St

425 Van Buren St
Statesville, North Carolina
$1,100
3 BR

625 Alexander St

625 Alexander St
Statesville, North Carolina
$1,100
2 BR

1120 Rita Ave

1120 Rita Ave
Statesville, North Carolina
$1,545
4 BR

211 Carlyle Rd

211 Carlyle Rd
Troutman, North Carolina
$1,400
3 BR

108 Davenport Dr

108 Davenport Dr
Statesville, North Carolina
$2,000
4 BR

438 Coolidge Ave

438 Coolidge Ave
Statesville, North Carolina
$1,545
3 BR

1713 Younger Ave

1713 Younger Ave
Statesville, North Carolina
$1,000
2 BR

640 Central Dr

640 Central Dr
Statesville, North Carolina
$1,650
3 BR
Showing Results 16-30

There are 1,397 low-income apartments in Iredell County that offer reduced rents to eligible households.

Rental assistance programs support 1,198 low-income homes in Iredell County where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $364 towards rent each month.

Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Iredell County, North Carolina

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
Statesville Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Iredell County.

Iredell County, North Carolina Affordable Housing Data

Income Based Apartments in Iredell County, North Carolina

Iredell County features 1,198 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 Iredell County, North Carolina

There are 1,397 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Iredell County.

Housing Choice Vouchers in Iredell County, North Carolina

On average, Section 8 Housing Choice vouchers pay Iredell County landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Iredell County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Iredell County, North Carolina for a two-bedroom apartment is between $1,086 and $1,328.

2024 Iredell County, North Carolina 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
Iredell County, North Carolina Fair Market Rent $1,046 $1,075 $1,207 $1,652 $2,048
Iredell County, North Carolina Payment Standard Range $941 to $1,151 $968 to $1,183 $1,086 to $1,328 $1,487 to $1,817 $1,843 to $2,253

Sourced from federal housing data and AffordableHousingOnline.com research.

Iredell County, NC Affordable Housing Snapshot

Total Affordable Apartment Properties 77
Total Low Income Apartments 2,623
Total Housing Units with Rental Assistance 1,198
Percentage of Housing Units Occupied By Renters 27.1%
Average Renter Household Size 2.68
Average Household Size 2.69
Median Household Income $52,306 ±$1,352
Median Rent $796 ±$23
Percentage Of Renters Overburdened 41.74% ± 3.12pp
Total Population 165,066

Population and Household Demographics

Iredell County is a county in North Carolina with a population of 165,066. There are 60,893 households in the county with an average household size of 2.69 persons. 27.1% of households in Iredell County are renters.

Income and Rent Overburden in Iredell County

The median gross income for households in Iredell County is $52,306 a year, or $4,359 a month. The median rent for the county is $796 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Iredell County, a household making less than $2,653 a month would be considered overburdened when renting an apartment at or above the median rent. 41.74% of households who rent are overburdened in Iredell County.

Area Median Income In Iredell County

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.

In Iredell County, HUD calculates the Area Median Income for a family of four as $95,600

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 Iredell County

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 Iredell County

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 Iredell County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,350 $19,800 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Iredell County AMI may qualify for rental assistance programs that target Very Low Income households.
$28,900 $33,000 $37,150 $41,250 $44,550 $47,850 $51,150 $54,450
80% AMI Income Limits
Renters earning up to 80% of the Iredell County AMI may qualify for rental assistance programs that target Low Income households.
$46,200 $52,800 $59,400 $65,950 $71,250 $76,550 $81,800 $87,100