About This Property
Ridge Run Apartments offers 48 low-income units in Albemarle, North Carolina, consisting of 24 two-bedroom and 24 three-bedroom apartments designed to serve families. The property has been in service since 2001 and receives funding through the HOME program with 9% Low-Income Housing Tax Credit support. Management and leasing information are available through the property contact.
Waitlist Information
Waitlist managed by City of Albemarle Department of Public Housing
The one-bedroom waitlist was open from May 4, 2026, until May 22, 2026, and required proper documentation such as Birth Certificate, ID, and Social Security Cards for all applicants. Applicants must pass criminal-background and other verifications and owe no debts to any public housing agency.
The last waiting list opening for the Section 8 Housing Choice Voucher program was from October 17, 2022, to October 18, 2022. Preference was given to applicants who live and/or work in Stanly County.
Waitlist data provided by section8waitlist.org
Updated July 29, 2026
Property Details
Fair Market Rent - Stanly 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 | $627 |
| 1 Bedroom | $704 |
| 2 Bedroom | $925 |
| 3 Bedroom | $1,244 |
| 4 Bedroom | $1,552 |
Income Limits - Stanly County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,100
- Very Low (50%)
- $21,800
- Low (80%)
- $34,850
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,900
- Low (80%)
- $39,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $28,000
- Low (80%)
- $44,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $31,100
- Low (80%)
- $49,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,600
- Low (80%)
- $53,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $38,600
- Very Low (50%)
- $38,600
- Low (80%)
- $61,700
- Extremely Low (30%)
- $41,100
- Very Low (50%)
- $41,100
- Low (80%)
- $65,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,100 | $21,800 | $34,850 |
| 2 Persons | $17,420 | $24,900 | $39,800 |
| 3 Persons | $21,960 | $28,000 | $44,800 |
| 4 Persons | $26,500 | $31,100 | $49,750 |
| 5 Persons | $31,040 | $33,600 | $53,750 |
| 6 Persons | $35,580 | $36,100 | $57,750 |
| 7 Persons | $38,600 | $38,600 | $61,700 |
| 8 Persons | $41,100 | $41,100 | $65,700 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Albemarle, NC?+
The Fair Market Rent (FMR) for Stanly County, NC is: $627 (Studio), $704 (1BR), $925 (2BR), $1244 (3BR), $1552 (4BR). Actual rent at subsidized properties like Ridge Run Apts is typically 30% of household income or less.
What size apartments are available at Ridge Run Apts?+
Ridge Run Apts offers the following unit types: 24 Two-Bedroom, 24 Three-Bedroom units, for a total of 48 units.
Is there a waitlist for Ridge Run Apts?+
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.
Who is eligible to live at Ridge Run Apts?+
Ridge Run Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Ridge Run Apts?+
Ridge Run Apts 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.
Who manages Ridge Run Apts?+
Ridge Run Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Albemarle, NC?+
Based on Fair Market Rent for Stanly County, the estimated price range is: 2-bedroom: $925, 3-bedroom: $1244. Actual rent at Ridge Run Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Stanly County, NC?+
For a 4-person household in Stanly County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $31,100, Low Income (80% AMI): $49,750. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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