Low Income Apartments and Affordable Housing For Rent in Alexander City, AL

Discover affordable housing in Alexander City where there are 12+ 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.

Pamela Manor

720 Pamela Dr, Alexander City, Alabama 35010

Heatherwood Apartments

1621 Heatherwood Dr, Alexander City, Alabama 35010

Bradberry Pointe

1056 Comer St, Alexander City, Alabama 35010

Cornerstone II

1702 Cornerstone Dr, Alexander City, Alabama 35010

Cornerstone I

1702 Cornerstone Dr, Alexander City, Alabama 35010

Hillabee Towers

803 Tallapoosa St, Alexander City, Alabama 35010

Robinwood Apartments

175 Robinwood Dr, Alexander City, Alabama 35010

Alex City Parkway Apts

2148 Parkway Circle, Alexander City, Alabama

Alex City Villas

342 Villas Terrace, Alexander City, Alabama

Cornerstone Place

1655 Cornerstone Dr, Alexander City, Alabama 35010

Laurel Jefferson

654 O St, Alexander City, Alabama 35010

Springhill Gunter

774 Celia Cir, Alexander City, Alabama 35010

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Alexander City, Alabama
$17.37/hour
$10.12 (+140%) more than Alabama minimum wage and $10.12 (+140%) more than the Federal minimum wage.
Learn More About Alexander City, Alabama Affordable Housing ↓

What HUD offices serve Alexander City, 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for Alexander City, Alabama.

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

How many renters live in Alexander City, Alabama?

The City of Alexander City has 14,788 people living in 5,978 households.

There are 4,515 renters living in 2,096 renter households in this City. Renters make up 30.53 percent of the population living in Alexander City.

What is the rental market like in Alexander City, Alabama?

There are an estimated 7,211 housing units in the Alexander City area. Of these, 2,286 units are rental homes, making up 32 percent of the housing market. For every renter household in Alexander City, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Alexander City?

The rental vacancy rate in Alexander City is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Alexander City for each bedroom size?

Occupied Rental Units by Size in Alexander City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
50 326 778 656 101
Occupied Rental Units by Size in Alexander City

A large number of apartments in Alexander City 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 Alexander City are overburdened by housing costs?

Among renter households in this market, 27 percent have housing cost burden. Further, 14 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 Alexander City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $687 to $1,227. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $687
One BR $698
Two BR $917
Three BR $1,171
Four BR $1,227
2024 Fair Market Rents in Alexander City, Alabama

How many units are rented at Fair Market Rent (FMR) in Alexander City?

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
Studio 37 74 percent
One BR 303 93 percent
Two BR 579 74 percent
Rental Units Below FMR in Alexander City, Alabama

How many affordable rental units are in Alexander City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 278
Public Housing 477
Section 8 Project-Based Rental Assistance 120
USDA Section 515 Rural Rental Housing 82
Tracked Units by Federal Program in Alexander City, Alabama

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

Income Based Apartments in Alexander City, Alabama

Alexander City features 597 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 Alexander City, Alabama

There are 374 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Alexander City.

Housing Choice Vouchers in Alexander City, Alabama

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Alexander City, Alabama for a two-bedroom apartment is between $825 and $1,009.

Sourced from federal housing data and AffordableHousingOnline.com research.