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

Discover affordable housing in Fayette where there are 9+ 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.

Mayfair Manor Apartments

705 7th St NE, Fayette, Alabama 35555

Brookside Village Apartments

1640 2nd Ave NE, Fayette, Alabama 35555

Terrace Park Apartments

744 6th St SW, Fayette, Alabama 35555

Valley Cove Apartments

840 5th Ave NE, Fayette, Alabama 35555

Spring Hills Homes

5980 Hwy L59, Fayette, Alabama 35555

East Side Apartments

820 5th Ave NE, Fayette, Alabama 35555

Johnston Place

416 16th St NE, Fayette, Alabama 35555

Yester Oak Apts

612 7th Street, N.E., Fayette, Alabama

Fayette Ha

341 6th St SW, Fayette, Alabama 35555

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Fayette, Alabama
$16.23/hour
$8.98 (+124%) more than Alabama minimum wage and $8.98 (+124%) more than the Federal minimum wage.
Learn More About Fayette, Alabama Affordable Housing ↓

What HUD offices serve Fayette, 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 Fayette, Alabama.

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

How many renters live in Fayette, Alabama?

The City of Fayette has 4,266 people living in 1,589 households.

There are 2,247 renters living in 781 renter households in this City. Renters make up 52.67 percent of the population living in Fayette.

What is the rental market like in Fayette, Alabama?

There are an estimated 2,288 housing units in the Fayette area. Of these, 957 units are rental homes, making up 42 percent of the housing market. For every renter household in Fayette, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Fayette?

The rental vacancy rate in Fayette is 18 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 Fayette for each bedroom size?

Occupied Rental Units by Size in Fayette
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 193 345 225 0
Occupied Rental Units by Size in Fayette

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

Among renter households in this market, 50 percent have housing cost burden. Further, 30 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 Fayette

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $642 to $1,283. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $642
One BR $763
Two BR $857
Three BR $1,147
Four BR $1,283
2024 Fair Market Rents in Fayette, Alabama

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

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 170 88 percent
Two BR 317 92 percent
Rental Units Below FMR in Fayette, Alabama

How many affordable rental units are in Fayette?

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

Federal Program Unit Count
Low Income Housing Tax Credit 179
Public Housing 151
Section 8 Project-Based Rental Assistance 71
USDA Section 515 Rural Rental Housing 136
Tracked Units by Federal Program in Fayette, Alabama

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

Income Based Apartments in Fayette, Alabama

Fayette features 355 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 Fayette, Alabama

There are 84 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fayette.

Housing Choice Vouchers in Fayette, Alabama

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Fayette, Alabama for a two-bedroom apartment is between $771 and $943.

Sourced from federal housing data and AffordableHousingOnline.com research.