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Low Income Apartments and Affordable Housing For Rent in Bean Station, TN

Discover affordable housing in Bean Station where there are 1+ 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.

Image of Vol Housing Mgm Rutledge

Vol Housing Mgm Rutledge

Lakeway Apartments, Bean Station, Tennessee 37708

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Bean Station, Tennessee

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
 Low income apartments with no or short waiting lists.
payment Subsidized
 Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
 Apartments that accept Section 8 vouchers near you
elderly Senior
 Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
 Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
 Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
 Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bean Station, Tennessee
$17.10/hour
$9.85 (+136%) more than Tennessee minimum wage and $9.85 (+136%) more than the Federal minimum wage.
Learn More About Bean Station, Tennessee Affordable Housing ↓

What HUD offices serve Bean Station, 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.

Tennessee Housing Development Agency
Operates the Section 8 Housing Choice Voucher (HCV), Family Self-Sufficiency, Mainstream Voucher, Homeownership programs for Bean Station, Tennessee.

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

How many renters live in Bean Station, Tennessee?

The City of Bean Station has people living in households.

There are renters living in renter households in this City. Renters make up 12.35 percent of the population living in Bean Station.

What is the rental market like in Bean Station, Tennessee?

There are an estimated housing units in the Bean Station area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Bean Station, Tennessee, there are 1.07 rental units.

What is the vacancy rate for rentals in Bean Station?

The rental vacancy rate in Bean Station 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 Bean Station for each bedroom size?

Occupied Rental Units by Size in Bean Station
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 25 59 100 0
Occupied Rental Units by Size in Bean Station

A large number of apartments in Bean Station have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Bean Station

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $683 to $1,203. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $683
One BR $687
Two BR $903
Three BR $1,198
Four BR $1,203
2024 Fair Market Rents in Bean Station, Tennessee

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

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 11 44 percent
Two BR 34 58 percent
Rental Units Below FMR in Bean Station, Tennessee

How many affordable rental units are in Bean Station?

Income Based Apartments in Bean Station, Tennessee

Bean Station 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 Bean Station, Tennessee

There are 11 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bean Station.

Housing Choice Vouchers in Bean Station, Tennessee

On average, Section 8 Housing Choice vouchers pay Bean Station landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bean Station.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bean Station, Tennessee for a two-bedroom apartment is between $813 and $993.

Sourced from federal housing data and AffordableHousingOnline.com research.