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

Discover affordable housing in Guntersville where there are 10+ 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.

Cedar Ridge Apartments

215 Cedar Ridge Dr, Guntersville, Alabama 35976

Lakeview Estates

3515 Wyeth Mountain Rd, Guntersville, Alabama 35976

Reserve at Spring Creek

225 Angel Street, Guntersville, Alabama 35976

Mill Run Apartments

85 Cedar Ridge Dr, Guntersville, Alabama 35976

Ridgewood Apartments

2500 Deerman St, Guntersville, Alabama 35976

Mountain Lakes Apartments

2300 Deerman St, Guntersville, Alabama 35976

The Cove at Newhaven

1533 Willow Beach Rd, Guntersville, Alabama 35976

Crain Courts

1600 Gurley St, Guntersville, Alabama 35976

Addn Martin Manor

702 Ringold St, Guntersville, Alabama 35976

Hembree Homes

1400 West St, Guntersville, Alabama 35976

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 Guntersville, Alabama
$16.40/hour
$9.15 (+126%) more than Alabama minimum wage and $9.15 (+126%) more than the Federal minimum wage.
Learn More About Guntersville, Alabama Affordable Housing ↓

What HUD offices serve Guntersville, 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 Guntersville, Alabama.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Guntersville, Alabama.

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

How many renters live in Guntersville, Alabama?

The City of Guntersville has 8,644 people living in 3,364 households.

There are 2,787 renters living in 1,149 renter households in this City. Renters make up 32.24 percent of the population living in Guntersville.

What is the rental market like in Guntersville, Alabama?

There are an estimated 3,936 housing units in the Guntersville area. Of these, 1,207 units are rental homes, making up 31 percent of the housing market. For every renter household in Guntersville, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Guntersville?

The rental vacancy rate in Guntersville 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 Guntersville for each bedroom size?

Occupied Rental Units by Size in Guntersville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
21 163 572 315 70
Occupied Rental Units by Size in Guntersville

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

Among renter households in this market, 40 percent have housing cost burden. Further, 18 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 Guntersville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $655 to $1,170. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $655
One BR $659
Two BR $866
Three BR $1,166
Four BR $1,170
2024 Fair Market Rents in Guntersville, Alabama

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

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 9 43 percent
One BR 117 72 percent
Two BR 397 69 percent
Rental Units Below FMR in Guntersville, Alabama

How many affordable rental units are in Guntersville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 148
Public Housing 341
USDA Section 515 Rural Rental Housing 72
Tracked Units by Federal Program in Guntersville, Alabama

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

Income Based Apartments in Guntersville, Alabama

Guntersville features 468 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 Guntersville, Alabama

There are 151 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Guntersville.

Housing Choice Vouchers in Guntersville, Alabama

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Guntersville, Alabama for a two-bedroom apartment is between $779 and $953.

Sourced from federal housing data and AffordableHousingOnline.com research.