Low Income Apartments For Rent in Cayce, SC

Rental assistance programs support 175 low-income homes in Cayce where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $319 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 Cayce, South 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
Cayce Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing
South Carolina State Housing Finance and Development Authority	Section 8 Housing Choice Voucher (HCV); Homeownership Voucher
Columbia Housing	Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV); Moderate Rehabilitation; Emergency Housing Voucher (EHV)

Go to the South Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Cayce.

Cayce, South Carolina Affordable Housing Data

Income Based Apartments in Cayce, South Carolina

Cayce features 175 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 Cayce, South Carolina

There are 8 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cayce.

Housing Choice Vouchers in Cayce, South Carolina

On average, Section 8 Housing Choice vouchers pay Cayce landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Cayce.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cayce, South Carolina for a two-bedroom apartment is between $1,121 and $1,371.

2024 Cayce, South 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
Cayce, South Carolina Fair Market Rent	$1,036	$1,110	$1,246	$1,595	$1,917
Cayce, South Carolina Payment Standard Range	$932 to $1,140	$999 to $1,221	$1,121 to $1,371	$1,436 to $1,755	$1,725 to $2,109

Sourced from federal housing data and AffordableHousingOnline.com research.

Cayce, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 11

Total Low Income Apartments 186

Total Housing Units with Rental Assistance 175

Percentage of Housing Units Occupied By Renters 40.23%

Average Renter Household Size 2.50

Average Household Size 2.38

Median Household Income $43,452 ±$3,903

Median Rent $858 ±$74

Percentage Of Renters Overburdened 49.96% ± 8.61pp

Total Population 13,554

Total Affordable Apartment Properties	11
Total Low Income Apartments	186
Total Housing Units with Rental Assistance	175
Percentage of Housing Units Occupied By Renters	40.23%
Average Renter Household Size	2.50
Average Household Size	2.38
Median Household Income	$43,452 ±$3,903
Median Rent	$858 ±$74
Percentage Of Renters Overburdened	49.96% ± 8.61pp
Total Population	13,554

Population and Household Demographics

Cayce is a city in Lexington County, South Carolina with a population of 13,554. There are 5,702 households in the city with an average household size of 2.38 persons. 40.23% of households in Cayce are renters.

Income and Rent Overburden in Cayce

The median gross income for households in Cayce is $43,452 a year, or $3,621 a month. The median rent for the city is $858 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cayce, a household making less than $2,860 a month would be considered overburdened when renting an apartment at or above the median rent. 49.96% of households who rent are overburdened in Cayce.

Area Median Income In Cayce

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 Cayce, the AMI is calculated from all households within Lexington County.

In Cayce, HUD calculates the Area Median Income for a family of four as $83,900

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 Cayce

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 Cayce

	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 Cayce AMI may qualify for rental assistance programs that target Extremely Low Income households.	$17,650	$20,150	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Cayce AMI may qualify for rental assistance programs that target Very Low Income households.	$29,400	$33,600	$37,800	$41,950	$45,350	$48,700	$52,050	$55,400
80% AMI Income Limits Renters earning up to 80% of the Cayce AMI may qualify for rental assistance programs that target Low Income households.	$47,000	$53,700	$60,400	$67,100	$72,500	$77,850	$83,250	$88,600