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

Discover affordable housing in Moody where there are 4+ 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.

Village at Rock Springs

200 Rock Springs E, Moody, Alabama 35004

Woodcroft Apartments

3131 Carl Morgan Rd, Moody, Alabama 35004

Ashley Manor Apartments

925 Ashley Dr, Moody, Alabama 35004

Barrington Parc Apartments

6000 Barrington Pkwy, Moody, Alabama 35004

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Moody, 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 Moody, Alabama Affordable Housing ↓

How many renters live in Moody, Alabama?

The City of Moody has 13,235 people living in 5,058 households.

There are 3,062 renters living in 1,199 renter households in this City. Renters make up 23.14 percent of the population living in Moody.

What is the rental market like in Moody, Alabama?

There are an estimated 5,303 housing units in the Moody area. Of these, 1,199 units are rental homes, making up 23 percent of the housing market. For every renter household in Moody, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Moody?

The rental vacancy rate in Moody is 0 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 Moody for each bedroom size?

Occupied Rental Units by Size in Moody
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
26 98 331 568 109
Occupied Rental Units by Size in Moody

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

Among renter households in this market, 38 percent have housing cost burden. Further, 13 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 Moody

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 Moody, Alabama

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

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 24 92 percent
One BR 91 93 percent
Two BR 177 53 percent
Rental Units Below FMR in Moody, Alabama

How many affordable rental units are in Moody?

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

Federal Program Unit Count
Low Income Housing Tax Credit 176
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Moody, Alabama

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

Income Based Apartments in Moody, Alabama

Moody features 0 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 Moody, Alabama

There are 232 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Moody.

Housing Choice Vouchers in Moody, Alabama

On average, Section 8 Housing Choice vouchers pay Moody landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Moody.

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

Sourced from federal housing data and AffordableHousingOnline.com research.