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Affordable apartments in Franklin, North Carolina

7 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.

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Buildings

INDIGO

LIHTC
68 FIREFLY LN, FRANKLIN, NC, 28734
Income-restricted units
60 of 60
Year placed in service
2017
Bedroom mix
12 1BR · 30 2BR · 18 3BR

Estimated total housing cost: $824 rent + $148 utilities = $972/mo

Contact property management for current availability. Waitlists may apply.

WESTGATE TERRACE

LIHTC
47 HARPER LANE, FRANKLIN, NC, 28734
Income-restricted units
60 of 60
Year placed in service
2014
Bedroom mix
12 1BR · 30 2BR · 18 3BR

Estimated total housing cost: $824 rent + $148 utilities = $972/mo

Contact property management for current availability. Waitlists may apply.

ORCHARD VIEW APTS

LIHTC
430 ORCHARD VIEW DR, FRANKLIN, NC, 28734
Income-restricted units
48 of 48
Year placed in service
1994
Bedroom mix
12 1BR · 36 2BR

Estimated total housing cost: $824 rent + $148 utilities = $972/mo

Contact property management for current availability. Waitlists may apply.

HOLLY HAVEN

LIHTC
55 WHITE PINE CIRCLE, FRANKLIN, NC, 28734
Income-restricted units
48 of 48
Year placed in service
2004
Bedroom mix
36 2BR · 12 3BR

Estimated total housing cost: $824 rent + $148 utilities = $972/mo

Contact property management for current availability. Waitlists may apply.

ULCO BLUFFS APARTMENTS

LIHTC
55 ULCO BLUFFS DRIVE, FRANKLIN, NC, 28734
Income-restricted units
38 of 38
Year placed in service
2012
Bedroom mix
8 1BR · 30 2BR

Estimated total housing cost: $824 rent + $148 utilities = $972/mo

Contact property management for current availability. Waitlists may apply.

Oak Forest Apartments

Section 202
171 Forest Ave, Franklin, NC, 28734
Income-restricted units
32 of 32
Year placed in service
Not reported

Estimated total housing cost: $824 rent + $148 utilities = $972/mo

Contact property management for current availability. Waitlists may apply.

Oak Forest Apartments

Section 8
171 Forest Ave, Franklin, NC, 28734
Income-restricted units
32 of 32
Year placed in service
Not reported

Estimated total housing cost: $824 rent + $148 utilities = $972/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 Franklin, NC

Metro-level
BedroomsLocal FMRNational median
Studio$700n/a
1 bedroom$783n/a
2 bedroom$824$1,502
3 bedroom$1,071n/a
4 bedroom$1,236n/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 : Macon County, NC

FY2025. Area median income: $77,000.

Household size30% AMI50% AMI80% AMI
1 person$16,200$26,950$43,150
2 people$21,150$30,800$49,300
3 people$26,650$34,650$55,450
4 people$32,150$38,500$61,600
5 people$37,650$41,600$66,550
6 people$43,150$44,700$71,500
7 people$47,750$47,750$76,400
8 people$50,850$50,850$81,350

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: Franklin cost-of-living and Fair Market Rent overview