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

Discover affordable housing in Montevallo where there are 5+ 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.

Cobblestone Cove Apartments

1001 Cobblestone Ln, Montevallo, Alabama 35115

Cobblestone Creek

1501 Cobblestone Crk, Montevallo, Alabama 35115

Montevallo Villas

10 Montevallo Circle, Montevallo, Alabama

Briarwood Apts

535- a Hicks Street, Montevallo, Alabama

Scott Village

1195 Island St, Montevallo, Alabama 35115

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Montevallo, Alabama
$23.58/hour
$16.33 (+225%) more than Alabama minimum wage and $16.33 (+225%) more than the Federal minimum wage.
Learn More About Montevallo, Alabama Affordable Housing ↓

What HUD offices serve Montevallo, 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 Montevallo, Alabama.

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

How many renters live in Montevallo, Alabama?

The City of Montevallo has 7,288 people living in 2,336 households.

There are 1,766 renters living in 804 renter households in this City. Renters make up 24.23 percent of the population living in Montevallo.

What is the rental market like in Montevallo, Alabama?

There are an estimated 2,528 housing units in the Montevallo area. Of these, 894 units are rental homes, making up 35 percent of the housing market. For every renter household in Montevallo, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Montevallo?

The rental vacancy rate in Montevallo is 5 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 Montevallo for each bedroom size?

Occupied Rental Units by Size in Montevallo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
18 108 356 307 15
Occupied Rental Units by Size in Montevallo

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

Among renter households in this market, 54 percent have housing cost burden. Further, 29 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 Montevallo

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $983 to $1,752. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $983
One BR $1,109
Two BR $1,245
Three BR $1,570
Four BR $1,752
2024 Fair Market Rents in Montevallo, Alabama

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

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 17 94 percent
One BR 81 75 percent
Two BR 296 83 percent
Rental Units Below FMR in Montevallo, Alabama

How many affordable rental units are in Montevallo?

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

Federal Program Unit Count
Low Income Housing Tax Credit 128
Public Housing 50
USDA Section 515 Rural Rental Housing 96
Tracked Units by Federal Program in Montevallo, Alabama

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

Income Based Apartments in Montevallo, Alabama

Montevallo features 167 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 Montevallo, Alabama

There are 128 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montevallo.

Housing Choice Vouchers in Montevallo, Alabama

On average, Section 8 Housing Choice vouchers pay Montevallo landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Montevallo.

The maximum amount a voucher would pay on behalf of a low-income tenant in Montevallo, Alabama for a two-bedroom apartment is between $1,121 and $1,370.

Sourced from federal housing data and AffordableHousingOnline.com research.