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Affordable apartments in Albemarle, North Carolina

12 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

12 lihtc

Buildings

UWHARRIE TRAIL

LIHTC
1927 HILCO STREET, ALBEMARLE, NC, 28001
Income-restricted units
80 of 80
Year placed in service
2020
Bedroom mix
44 1BR · 36 2BR

Estimated total housing cost: $863 rent + $148 utilities = $1,011/mo

Contact property management for current availability. Waitlists may apply.

THE RESERVE

LIHTC
2000 WOODHAVEN DRIVE BUILDING 5, ALBEMARLE, NC, 28001
Income-restricted units
80 of 80
Year placed in service
9999
Bedroom mix
12 1BR · 48 2BR · 20 3BR

Estimated total housing cost: $863 rent + $148 utilities = $1,011/mo

Contact property management for current availability. Waitlists may apply.

ALBEMARLE CENTRAL SCHOOL APARTMENTS

LIHTC
219 E NORTH STREET, ALBEMARLE, NC, 28001
Income-restricted units
53 of 53
Year placed in service
2016
Bedroom mix
6 studio · 41 1BR · 6 2BR

Estimated total housing cost: $863 rent + $148 utilities = $1,011/mo

Contact property management for current availability. Waitlists may apply.

HENSON PLACE

LIHTC
710 HENSON STREET, ALBEMARLE, NC, 28002
Income-restricted units
48 of 48
Year placed in service
2008
Bedroom mix
36 2BR · 12 3BR

Estimated total housing cost: $863 rent + $148 utilities = $1,011/mo

Contact property management for current availability. Waitlists may apply.

RIDGE RUN APTS

LIHTC
900 FOXRUN DRIVE 701, ALBEMARLE, NC, 28001
Income-restricted units
48 of 48
Year placed in service
2001
Bedroom mix
24 2BR · 24 3BR

Estimated total housing cost: $863 rent + $148 utilities = $1,011/mo

Contact property management for current availability. Waitlists may apply.

HEATHFIELD APTS

LIHTC
223 S MORROW AVE, ALBEMARLE, NC, 28001
Income-restricted units
36 of 72
Year placed in service
1989
Bedroom mix
40 1BR · 32 2BR

Estimated total housing cost: $863 rent + $148 utilities = $1,011/mo

Contact property management for current availability. Waitlists may apply.

FOREST OAKS

LIHTC
1911 MIDWOOD DR, ALBEMARLE, NC, 28001
Income-restricted units
32 of 32
Year placed in service
1989
Bedroom mix
30 1BR · 2 2BR

Estimated total housing cost: $863 rent + $148 utilities = $1,011/mo

Contact property management for current availability. Waitlists may apply.

SOUTH 4TH STREET APTS

LIHTC
315 S MORROW AVE, ALBEMARLE, NC, 28001
Income-restricted units
7 of 7
Year placed in service
1988
Bedroom mix
7 1BR

Estimated total housing cost: $863 rent + $148 utilities = $1,011/mo

Contact property management for current availability. Waitlists may apply.

HEATHFIELD APTS II

LIHTC
143 S MORROW AVE, ALBEMARLE, NC, 28001
Income-restricted units
4 of 4
Year placed in service
1991
Bedroom mix
4 3BR

Estimated total housing cost: $863 rent + $148 utilities = $1,011/mo

Contact property management for current availability. Waitlists may apply.

HEATHFIELD APTS II

LIHTC
143 145 147 149 S MORROW AV, ALBEMARLE, NC, 28001
Income-restricted units
4 of 4
Year placed in service
1991
Bedroom mix
4 3BR

Estimated total housing cost: $863 rent + $148 utilities = $1,011/mo

Contact property management for current availability. Waitlists may apply.

WEST DRIVE APTS

LIHTC
320 W DR, ALBEMARLE, NC, 28001
Income-restricted units
1 of 1
Year placed in service
1990
Bedroom mix
1 3BR

Estimated total housing cost: $863 rent + $148 utilities = $1,011/mo

Contact property management for current availability. Waitlists may apply.

MORROW AVE APTS

LIHTC
237 S MORROW AVE, ALBEMARLE, NC, 28001
Income-restricted units
1
Year placed in service
1988

Estimated total housing cost: $863 rent + $148 utilities = $1,011/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in North Carolina

Residential electricity in North Carolina runs about 14.30¢/kWh, with a typical monthly residential electric bill near $148. Natural gas runs about $24.75/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Albemarle, NC

Metro-level
BedroomsLocal FMRNational median
Studio$734n/a
1 bedroom$820n/a
2 bedroom$863$1,502
3 bedroom$1,122n/a
4 bedroom$1,295n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Stanly County, NC

FY2025. Area median income: $88,600.

Household size30% AMI50% AMI80% AMI
1 person$18,550$30,950$49,500
2 people$21,200$35,300$56,550
3 people$26,650$39,750$63,600
4 people$32,150$44,150$70,650
5 people$37,650$47,700$76,350
6 people$43,150$51,250$82,000
7 people$48,650$54,750$87,650
8 people$54,150$58,300$93,300

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby North Carolina cities

See all affordable-rental cities in North Carolina

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Albemarle cost-of-living and Fair Market Rent overview