Low Income Apartments For Rent in Chester, VA

Rental assistance programs support 3 low-income homes in Chester where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $406 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 Chester, Virginia

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
Virginia Housing	Section 8 Housing Choice Voucher (HCV)
Central Virginia Resource Corporation - Main	Section 8 Housing Choice Voucher (HCV)
Richmond Redevelopment and Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH)
Chesterfield-Colonial Heights Department of Social Services	-

Go to the Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Chester.

Chester, Virginia Affordable Housing Data

Income Based Apartments in Chester, Virginia

Chester features 3 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 Chester, Virginia

There are 624 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chester.

Housing Choice Vouchers in Chester, Virginia

On average, Section 8 Housing Choice vouchers pay Chester landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Chester.

The maximum amount a voucher would pay on behalf of a low-income tenant in Chester, Virginia for a two-bedroom apartment is between $1,379 and $1,685.

2024 Chester, Virginia 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
Chester, Virginia Fair Market Rent	$1,328	$1,365	$1,532	$1,959	$2,393
Chester, Virginia Payment Standard Range	$1,195 to $1,461	$1,229 to $1,502	$1,379 to $1,685	$1,763 to $2,155	$2,154 to $2,632

Sourced from federal housing data and AffordableHousingOnline.com research.

Chester, VA Affordable Housing Snapshot

Total Affordable Apartment Properties 13

Total Low Income Apartments 700

Total Housing Units with Rental Assistance 3

Percentage of Housing Units Occupied By Renters 31.98%

Average Renter Household Size 2.66

Average Household Size 2.72

Median Household Income $64,172 ±$2,991

Median Rent $1,069 ±$62

Percentage Of Renters Overburdened 40.66% ± 7.69pp

Total Population 21,927

Total Affordable Apartment Properties	13
Total Low Income Apartments	700
Total Housing Units with Rental Assistance	3
Percentage of Housing Units Occupied By Renters	31.98%
Average Renter Household Size	2.66
Average Household Size	2.72
Median Household Income	$64,172 ±$2,991
Median Rent	$1,069 ±$62
Percentage Of Renters Overburdened	40.66% ± 7.69pp
Total Population	21,927

Population and Household Demographics

Chester is a city in Chesterfield County, Virginia with a population of 21,927. There are 8,067 households in the city with an average household size of 2.72 persons. 31.98% of households in Chester are renters.

Income and Rent Overburden in Chester

The median gross income for households in Chester is $64,172 a year, or $5,348 a month. The median rent for the city is $1,069 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Chester, a household making less than $3,563 a month would be considered overburdened when renting an apartment at or above the median rent. 40.66% of households who rent are overburdened in Chester.

Area Median Income In Chester

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 Chester, the AMI is calculated from all households within Chesterfield County.

In Chester, HUD calculates the Area Median Income for a family of four as $109,400

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 Chester

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 Chester

	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 Chester AMI may qualify for rental assistance programs that target Extremely Low Income households.	$22,400	$25,600	$28,800	$32,000	$35,140	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Chester AMI may qualify for rental assistance programs that target Very Low Income households.	$37,350	$42,650	$48,000	$53,300	$57,600	$61,850	$66,100	$70,400
80% AMI Income Limits Renters earning up to 80% of the Chester AMI may qualify for rental assistance programs that target Low Income households.	$59,750	$68,250	$76,800	$85,300	$92,150	$98,950	$105,800	$112,600