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

Discover affordable housing in Benton where there are 3+ 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.

Blue Ridge Landing

118 Chilhowee Cir, Benton, Tennessee 37307

Benton Elderly Housing

401 Highland Dr, Benton, Tennessee 37307

Walnut Creek Apartments

1725 Benton Station Rd, Benton, Tennessee 37307

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Benton, Tennessee
$21.10/hour
$13.85 (+191%) more than Tennessee minimum wage and $13.85 (+191%) more than the Federal minimum wage.
Learn More About Benton, Tennessee Affordable Housing ↓

What HUD offices serve Benton, 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), Family Self-Sufficiency programs for Benton, Tennessee.

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

How many renters live in Benton, Tennessee?

The City of Benton has 1,584 people living in 611 households.

There are 502 renters living in 268 renter households in this City. Renters make up 31.69 percent of the population living in Benton.

What is the rental market like in Benton, Tennessee?

There are an estimated 703 housing units in the Benton area. Of these, 308 units are rental homes, making up 44 percent of the housing market. For every renter household in Benton, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Benton?

The rental vacancy rate in Benton is 13 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Benton for each bedroom size?

Occupied Rental Units by Size in Benton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 58 111 99 0
Occupied Rental Units by Size in Benton

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

Among renter households in this market, 41 percent have housing cost burden. Further, 18 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 Benton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $789 to $1,529. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $789
One BR $848
Two BR $1,114
Three BR $1,462
Four BR $1,529
2024 Fair Market Rents in Benton, Tennessee

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

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 58 100 percent
Two BR 86 77 percent
Rental Units Below FMR in Benton, Tennessee

How many affordable rental units are in Benton?

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

Federal Program Unit Count
Low Income Housing Tax Credit 48
Section 8 Project-Based Rental Assistance 25
Section 202 Supportive Housing for the Elderly 19
Tracked Units by Federal Program in Benton, Tennessee

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

Income Based Apartments in Benton, Tennessee

Benton features 96 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 Benton, Tennessee

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Benton.

Housing Choice Vouchers in Benton, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Benton, Tennessee for a two-bedroom apartment is between $1,003 and $1,225.

Sourced from federal housing data and AffordableHousingOnline.com research.