How to Get Low Income Apartments for Rent

The cost of housing is high for some people to bear, due to many reasons. For such people, renting is the norm. However, at times, even renting can cause a burden on the already strained finances of the individual. In such cases, remaining option is finding a low income apartment for rent.
WealthHow Staff
Last Updated: Sep 14, 2018
Family Home
Finding a home is often a challenging task for low income families. As these families cannot come up with enough funds to buy their own homes, they often choose to rent low income apartments. These are houses which are rented only to those living on a low income.
Hence, the first condition for finding low income apartment is that you must be able to prove that you have low income. To prove this, your income must be less than 50% of the median income of the area, in which you plan to rent an apartment. You can explore various avenues for finding cheap apartments for rent.
How to Find Low Income Apartments for Rent
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In a way, low income apartments are pretty hard to find on rent, as there are so many people who want to have one. However, if you keep trying, you may indeed come across an apartment that best suits your budget as well as other needs.
Approach HUD
The US Department of Housing and Urban Development (HUD) is a branch of the Federal Government that also aims at making affordable homes available to low income groups. There are various housing rental programs offered by the HUD, such as Privately Owned Subsidized Housing, Public Housing, and Housing Choice Voucher (Section 8).
Privately Owned Subsidized Housing is a collaboration between the HUD and landlords, wherein the HUD offers subsidies to landlords, which is to be spent on construction and maintenance of affordable homes. The subsidy makes it possible for the landlords to make these homes available at lower rents.
The second program, namely Public Housing, is an initiative by the HUD in which it offers federal aid to Public Housing Agencies (PHAs) to maintain public homes. These homes are to be provided to people with lower incomes, elderly individuals, and those with disabilities.
Lastly, the Housing Choice Voucher (Section 8) offers vouchers to the lower income groups by the means of PHAs to pay part of their rent. These vouchers allow the tenants to choose their own rental apartment, thus they can even choose those which are not under a subsidiary program.
However, the apartment must fulfill the required standards of hygiene and safety as per the PHA. Besides, the PHA must also approve of the rent.
All the information about these programs can be found on the authorized HUD website. You have to fill the requisite information and search for the desired area. You will be presented with a list of apartments in that area. Although HUD programs sound beneficial, you may have to deal with a long waiting list of candidates to get an apartment of your choice.
Apartment Locating Agencies
These are similar to real estate agencies, only they specialize in lower income housing. You simply have to specify your requirements, such as budget, area of apartment, and locality. Additional information regarding amenities can also be specified. These agencies have their own databases of lower income apartments.
They run the search on our behalf and provide you with a list of apartments according to your requirements. Alternatively, you can also run your own search on websites that deal in lower income houses for rent.
Search in Person
You can inquire around in your neighborhood, or among friends and relatives if they know of any source where one can get low income apartments for rent. If you know of someone who lives in a lower income housing, you can ask them about the safety standards in such apartments and level of comfort.
Thus, it is possible to get lower income apartments for rent in any desired area. Just make sure you do your homework right.