The dream of having a big detached house, with a front and back garden, a garage, and a white picket fence, is one that most of us share. Some go even further – if you’re going to dream, you may as well dream big – and imagine themselves in a seven bedroom home, with en-suite bathrooms, a five car garage, outdoor heated pool, gym, and cinema room. Unfortunately, the opportunity and ability to make those dreams come true have a major obstacle: money. You may want to save money so that you can eventually buy that house of your dream. You may be on a low income, or be unemployed, or have any other reason as to why you don’t have any money available. Whatever your reason, you may want to rent low income apartments at the present time as a way to save for that big house. In order to make sure you find the best possible apartment, however, there are some things to think about.
If you want to rent low income apartments, distance is an important factor. Unfortunately, because demand for these apartments is so high, you will usually have little to no choice in terms of where you can rent. However, if at all possible, it should be somewhere near to the amenities you use. This may be your job, your school, or your medical facility, for instance. Not only does this make your life easier, it also means that you don’t have to spend so much on transportation, meaning you will be financially better off.
Unfortunately, many people who are looking for rent low income apartments are actually problem tenants who have been refused properties elsewhere. Levels of deprivation are high in these apartments, and educational attainment is generally low. A correlation between those things and rising crime levels has also been demonstrated. Thus, you need to be sure that you and your family are safe where you will live.
The most important thing, realistically, is the cost of the apartment. To be able to rent low income apartments, your gross annual income should be 70% of your county’s average or less. If it drops to below 50%, you will be eligible for section 8 apartments. There are many other factors that matter in terms of determining whether or not you are able to get a HUD sponsored low rent apartment, but that is the most important one.
If you are eligible for HUD sponsorship, the actual rent of the apartment will be irrelevant. You will pay a percentage of your monthly disposable income, and the HUD will make up the difference. However, since there are millions of people in the same situation, you don’t have the luxury of choice. It would be very rare, therefore, to end up in a property in a prime location that is also in a very safe neighborhood. However, life is what you make of it, and this type of social assistance exists so that you can work at getting out of a difficult situation.