Low Income Apartments and Affordable Housing For Rent in Elba, AL

Discover affordable housing in Elba 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.

Beaver Dam Apartments

100 Beaver Dam St, Elba, Alabama 36323

Elba Villas

1584 Caroline St, Elba, Alabama

Morrow Village

1021 Farris Ave, Elba, Alabama 36323

Open Until Further Notice

Reported On February 23rd, 2024 by Vanea Gardner

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Elba, Alabama
$18.03/hour
$10.78 (+149%) more than Alabama minimum wage and $10.78 (+149%) more than the Federal minimum wage.
Learn More About Elba, Alabama Affordable Housing ↓

What HUD offices serve Elba, 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, Family Self-Sufficiency, Section 8 Project-Based Voucher (PBV), Rental Assistance Demonstration (RAD) programs for Elba, Alabama.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Elba, Alabama.

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

How many renters live in Elba, Alabama?

The City of Elba has 3,463 people living in 1,360 households.

There are 744 renters living in 303 renter households in this City. Renters make up 21.48 percent of the population living in Elba.

What is the rental market like in Elba, Alabama?

There are an estimated 1,784 housing units in the Elba area. Of these, 387 units are rental homes, making up 22 percent of the housing market. For every renter household in Elba, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Elba?

The rental vacancy rate in Elba is 22 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 Elba for each bedroom size?

Occupied Rental Units by Size in Elba
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 12 89 184 18
Occupied Rental Units by Size in Elba

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

Among renter households in this market, 34 percent have housing cost burden. Further, 2 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 Elba

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $713 to $1,472. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $713
One BR $725
Two BR $952
Three BR $1,342
Four BR $1,472
2024 Fair Market Rents in Elba, Alabama

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

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 11 92 percent
Two BR 86 97 percent
Rental Units Below FMR in Elba, Alabama

How many affordable rental units are in Elba?

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

Federal Program Unit Count
Public Housing 120
Section 8 Project-Based Rental Assistance 30
USDA Section 515 Rural Rental Housing 21
Tracked Units by Federal Program in Elba, Alabama

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

Income Based Apartments in Elba, Alabama

Elba features 176 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 Elba, Alabama

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

Housing Choice Vouchers in Elba, Alabama

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Elba, Alabama for a two-bedroom apartment is between $857 and $1,047.

Sourced from federal housing data and AffordableHousingOnline.com research.