Low Income Apartments and Affordable Housing For Rent in Fort Deposit, AL

Discover affordable housing in Fort Deposit where there are 3+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Edgewood Manor

206 Edgewood Dr, Fort Deposit, Alabama 36032

Fort Deposit

701 Edgewood St, Fort Deposit, Alabama 36032

Pecan Grove Apartments

108A Pecan Grv, Fort Deposit, Alabama 36032

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Fort Deposit, Alabama
$20.68/hour
$13.43 (+185%) more than Alabama minimum wage and $13.43 (+185%) more than the Federal minimum wage.
Learn More About Fort Deposit, Alabama Affordable Housing ↓

What HUD offices serve Fort Deposit, Alabama?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Public Housing programs for Fort Deposit, Alabama.

Go to the Alabama Public Housing and Low-Income Apartments Waiting Lists page for openings near Fort Deposit.

How many renters live in Fort Deposit, Alabama?

The City of Fort Deposit has 1,734 people living in 611 households.

There are 508 renters living in 221 renter households in this City. Renters make up 29.3 percent of the population living in Fort Deposit.

What is the rental market like in Fort Deposit, Alabama?

There are an estimated 680 housing units in the Fort Deposit area. Of these, 228 units are rental homes, making up 34 percent of the housing market. For every renter household in Fort Deposit, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Fort Deposit?

The rental vacancy rate in Fort Deposit is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Fort Deposit for each bedroom size?

Occupied Rental Units by Size in Fort Deposit
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 38 149 27 7
Occupied Rental Units by Size in Fort Deposit

A large number of apartments in Fort Deposit have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Fort Deposit are overburdened by housing costs?

Among renter households in this market, 72 percent have housing cost burden. Further, 0 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Fort Deposit

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $836 to $1,753. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $836
One BR $913
Two BR $1,092
Three BR $1,383
Four BR $1,753
2024 Fair Market Rents in Fort Deposit, Alabama

How many units are rented at Fair Market Rent (FMR) in Fort Deposit?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 38 100 percent
Two BR 128 86 percent
Rental Units Below FMR in Fort Deposit, Alabama

How many affordable rental units are in Fort Deposit?

There are a variety of federal affordable housing programs serving households in Fort Deposit, Alabama including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 53
USDA Section 515 Rural Rental Housing 121
Tracked Units by Federal Program in Fort Deposit, Alabama

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Fort Deposit, Alabama

Fort Deposit features 69 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Fort Deposit, Alabama

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fort Deposit.

Housing Choice Vouchers in Fort Deposit, Alabama

On average, Section 8 Housing Choice vouchers pay Fort Deposit landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Fort Deposit.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fort Deposit, Alabama for a two-bedroom apartment is between $983 and $1,201.

Sourced from federal housing data and AffordableHousingOnline.com research.