About This Property
Waterbrook Apartments contains 64 low-income units in Raleigh, NC, with 38 one-bedroom and 26 two-bedroom floor plans serving elderly, disabled, and homeless residents. The property has been in service since 2007 and receives 9% Low-Income Housing Tax Credit funding along with HOME program support. Management and additional property details are available through the contact information on file.
Waitlist Information
Waitlist managed by Housing Authority of the City of Raleigh
Pre-applications were selected based on time and date of submission plus applicable preferences; only one pre-application per household was permitted. Preferences included Wake County residency/employment, mobility-impairment for accessible units, working families (35+ hours/week for 24+ months), elderly (62+), and disabled individuals.
Eligibility is based on total annual gross income and family size, limited to US citizens and specified categories of non-citizens with eligible immigration status, generally not exceeding 50% of the median income; RHA implements preferences. Families typically pay between 30% and 40% of their adjusted annual income towards housing.
Waitlist data provided by section8waitlist.org
Updated June 23, 2026
Property Details
Fair Market Rent - Wake 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 | $1,427 |
| 1 Bedroom | $1,466 |
| 2 Bedroom | $1,646 |
| 3 Bedroom | $2,035 |
| 4 Bedroom | $2,711 |
Income Limits - Wake County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,100
- Very Low (50%)
- $33,500
- Low (80%)
- $53,600
- Extremely Low (30%)
- $23,000
- Very Low (50%)
- $38,300
- Low (80%)
- $61,250
- Extremely Low (30%)
- $25,850
- Very Low (50%)
- $43,100
- Low (80%)
- $68,900
- Extremely Low (30%)
- $28,700
- Very Low (50%)
- $47,850
- Low (80%)
- $76,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $51,700
- Low (80%)
- $82,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $55,550
- Low (80%)
- $88,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $59,350
- Low (80%)
- $94,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,200
- Low (80%)
- $101,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,100 | $33,500 | $53,600 |
| 2 Persons | $23,000 | $38,300 | $61,250 |
| 3 Persons | $25,850 | $43,100 | $68,900 |
| 4 Persons | $28,700 | $47,850 | $76,550 |
| 5 Persons | $31,040 | $51,700 | $82,700 |
| 6 Persons | $35,580 | $55,550 | $88,800 |
| 7 Persons | $40,120 | $59,350 | $94,950 |
| 8 Persons | $44,660 | $63,200 | $101,050 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Raleigh, NC?+
The Fair Market Rent (FMR) for Wake County, NC is: $1427 (Studio), $1466 (1BR), $1646 (2BR), $2035 (3BR), $2711 (4BR). Actual rent at subsidized properties like Waterbrook Apartments is typically 30% of household income or less.
What size apartments are available at Waterbrook Apartments?+
Waterbrook Apartments offers the following unit types: 38 One-Bedroom, 26 Two-Bedroom units, for a total of 64 units.
What are the income limits for affordable housing in Wake County, NC?+
For a 4-person household in Wake County, NC, the income limits are: Extremely Low Income (30% AMI): $28,700, Very Low Income (50% AMI): $47,850, Low Income (80% AMI): $76,550. These limits are set by HUD and updated annually.
Is there a waitlist for Waterbrook Apartments?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Open. 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 Waterbrook Apartments?+
Waterbrook 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.
Who manages Waterbrook Apartments?+
Waterbrook Apartments is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Waterbrook Apartments?+
Waterbrook Apartments primarily serves elderly residents, persons with disabilities, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Raleigh, NC?+
Based on Fair Market Rent for Wake County, the estimated price range is: 1-bedroom: $1466, 2-bedroom: $1646. Actual rent at Waterbrook Apartments may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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