About This Property
Cherry Knoll Apartments is a 28-unit affordable housing community in Rutherfordton, NC that has been in service since 2010. The property includes eight one-bedroom and twenty two-bedroom units designated for low-income families and is financed through 4% Low-Income Housing Tax Credits. The community is managed to serve families seeking affordable rental housing in Rutherford County.
Waitlist Information
Waitlist managed by Isothermal Planning & Development Commission
The website states "OUR WAITING LIST IS CURRENTLY CLOSED. WE ARE NOT TAKING APPLICATIONS AT THIS TIME."
The Section 8 Housing Choice Voucher Program provides assistance with rent and utilities. Active clients can participate in the Family Self-Sufficiency Program.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Rutherford County, NC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $733 |
| 1 Bedroom | $737 |
| 2 Bedroom | $856 |
| 3 Bedroom | $1,117 |
| 4 Bedroom | $1,367 |
Income Limits - Rutherford County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,500
- Low (80%)
- $32,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,350
- Low (80%)
- $42,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,600
- Low (80%)
- $50,550
- Extremely Low (30%)
- $33,950
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $36,300
- Very Low (50%)
- $36,300
- Low (80%)
- $58,050
- Extremely Low (30%)
- $38,650
- Very Low (50%)
- $38,650
- Low (80%)
- $61,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,500 | $32,800 |
| 2 Persons | $17,420 | $23,400 | $37,450 |
| 3 Persons | $21,960 | $26,350 | $42,150 |
| 4 Persons | $26,500 | $29,250 | $46,800 |
| 5 Persons | $31,040 | $31,600 | $50,550 |
| 6 Persons | $33,950 | $33,950 | $54,300 |
| 7 Persons | $36,300 | $36,300 | $58,050 |
| 8 Persons | $38,650 | $38,650 | $61,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rutherfordton, NC?+
The Fair Market Rent (FMR) for Rutherford County, NC is: $733 (Studio), $737 (1BR), $856 (2BR), $1117 (3BR), $1367 (4BR). Actual rent at subsidized properties like Cherry Knoll Apartments is typically 30% of household income or less.
What size apartments are available at Cherry Knoll Apartments?+
Cherry Knoll Apartments offers the following unit types: 8 One-Bedroom, 20 Two-Bedroom units, for a total of 28 units.
Who is eligible to live at Cherry Knoll Apartments?+
Cherry Knoll Apartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Cherry Knoll Apartments?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Cherry Knoll Apartments?+
Cherry Knoll Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Rutherfordton, NC?+
Based on Fair Market Rent for Rutherford County, the estimated price range is: 1-bedroom: $737, 2-bedroom: $856. Actual rent at Cherry Knoll Apartments may be lower for income-eligible households.
Who manages Cherry Knoll Apartments?+
Cherry Knoll Apartments is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Rutherford County, NC?+
For a 4-person household in Rutherford County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,250, Low Income (80% AMI): $46,800. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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