Public housing provides low-income households with affordable housing. The few studies of young public housing residents have focused on the negative aspects of these residential environments, such as the presence of economic hardship or substance abuse. Few studies have looked at the possible positive influence of public housing on the lives of the young people who live there. This qualitative study explores the influence of housing and neighborhood on the well-being and personal projects of young people living in public housing. Semi-structured interviews were conducted with 30 young people aged 14 to 20 living in public housing in a large city in Quebec, Canada. A thematic analysis led to the identification of five themes that describe the components of the residential environment that influence young people's well-being and personal projects: 1) parks, playgrounds and nature, 2) services and activities, 3) privacy, 4) relations with the neighborhood; and 5) the quality of the built environment. Implications for environmental psychologists and for improving public policies and supporting the well-being of young people living in public housing are discussed.