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

Discover affordable housing in Theodore where there are 11+ 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.

Hounds Run Apartments

5954 Sperry Rd, Theodore, Alabama 36582

Bennett Pointe Homes

7540 Old Pascagoula Rd, Theodore, Alabama 36582

Green Meadows Apartments

6901 Cary Hamilton Rd, Theodore, Alabama 36582

Pearson Park Apartments

6845 Carol Plantation Rd, Theodore, Alabama 36582

Ahepa 310 - IX

7560 Olympic Ln, Theodore, Alabama 36582

Greenbriar Townhouses

6680 Carol Plantation Rd, Theodore, Alabama 36582

AHEPA 310 XI

7560A OLYMPIC LN, Theodore, Alabama 36582

Hunters Run Apartments

6186 Old Pascagoula Rd, Theodore, Alabama 36582

Sperry Landing

6128 Sperry Rd, Theodore, Alabama 36582

Peppertree Estates

6076 Sperry Rd, Theodore, Alabama 36582

Harbor Run

6204 Old Pascagoula Rd, Theodore, Alabama 36582

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Theodore, Alabama
$20.72/hour
$13.47 (+186%) more than Alabama minimum wage and $13.47 (+186%) more than the Federal minimum wage.
Learn More About Theodore, Alabama Affordable Housing ↓

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

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

How many renters live in Theodore, Alabama?

The City of Theodore has 5,123 people living in 2,033 households.

There are 1,106 renters living in 340 renter households in this City. Renters make up 21.59 percent of the population living in Theodore.

What is the rental market like in Theodore, Alabama?

There are an estimated 2,307 housing units in the Theodore area. Of these, 401 units are rental homes, making up 17 percent of the housing market. For every renter household in Theodore, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Theodore?

The rental vacancy rate in Theodore is 6 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 Theodore for each bedroom size?

Occupied Rental Units by Size in Theodore
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 23 152 125 21
Occupied Rental Units by Size in Theodore

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

Among renter households in this market, 51 percent have housing cost burden. Further, 39 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 Theodore

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $810 to $1,484. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $810
One BR $890
Two BR $1,094
Three BR $1,448
Four BR $1,484
2024 Fair Market Rents in Theodore, Alabama

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

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 13 57 percent
Two BR 31 20 percent
Rental Units Below FMR in Theodore, Alabama

How many affordable rental units are in Theodore?

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

Federal Program Unit Count
Low Income Housing Tax Credit 40
Section 8 Project-Based Rental Assistance 50
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Theodore, Alabama

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

Income Based Apartments in Theodore, Alabama

Theodore features 222 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 Theodore, Alabama

There are 513 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Theodore.

Housing Choice Vouchers in Theodore, Alabama

On average, Section 8 Housing Choice vouchers pay Theodore landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Theodore.

The maximum amount a voucher would pay on behalf of a low-income tenant in Theodore, Alabama for a two-bedroom apartment is between $985 and $1,203.

Sourced from federal housing data and AffordableHousingOnline.com research.