Low Income Apartments and Affordable Housing For Rent in Athens, TN

Discover affordable housing in Athens 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.

McMinn Villa Apartments

212 Westside Drive, Athens, Tennessee 37303

Ridgetop Apartments

2009 Layman Rd, Athens, Tennessee 37303

Lee Manor

1800 Lee Dr, Athens, Tennessee 37303

Athens Mews

1728 Garden Dr, Athens, Tennessee 37303

Park Village Apartments

918 Rocky Mount Rd, Athens, Tennessee 37303

Rose Hill Apartments

721 Hamby St, Athens, Tennessee 37303

Athens Gardens Apartments

1720 Garden Dr, Athens, Tennessee 37303

Forrest Hills

619 Francis St, Athens, Tennessee 37303

Maplewood Apartments I

2014 Old Niota Rd, Athens, Tennessee 37303

calendar_today Opened: Apr 8
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Athens, Tennessee
$17.99/hour
$10.74 (+148%) more than Tennessee minimum wage and $10.74 (+148%) more than the Federal minimum wage.
Learn More About Athens, Tennessee Affordable Housing ↓

What HUD offices serve Athens, Tennessee?

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 Athens, Tennessee.

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

How many renters live in Athens, Tennessee?

The City of Athens has 14,091 people living in 5,900 households.

There are 4,828 renters living in 2,498 renter households in this City. Renters make up 34.26 percent of the population living in Athens.

What is the rental market like in Athens, Tennessee?

There are an estimated 6,432 housing units in the Athens area. Of these, 2,613 units are rental homes, making up 41 percent of the housing market. For every renter household in Athens, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Athens?

The rental vacancy rate in Athens is 4 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 Athens for each bedroom size?

Occupied Rental Units by Size in Athens
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
54 463 1,122 693 119
Occupied Rental Units by Size in Athens

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

Among renter households in this market, 46 percent have housing cost burden. Further, 22 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 Athens

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $719 to $1,265. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $719
One BR $813
Two BR $950
Three BR $1,234
Four BR $1,265
2024 Fair Market Rents in Athens, Tennessee

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

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 47 87 percent
One BR 324 70 percent
Two BR 783 70 percent
Rental Units Below FMR in Athens, Tennessee

How many affordable rental units are in Athens?

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

Federal Program Unit Count
Low Income Housing Tax Credit 266
Section 8 Project-Based Rental Assistance 713
Section 811 Supportive Housing for Persons with Disabilities 1
Tracked Units by Federal Program in Athens, Tennessee

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

Income Based Apartments in Athens, Tennessee

Athens features 718 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 Athens, Tennessee

There are 176 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Athens.

Housing Choice Vouchers in Athens, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Athens, Tennessee for a two-bedroom apartment is between $855 and $1,045.

Sourced from federal housing data and AffordableHousingOnline.com research.