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

Discover affordable housing in Bolivar 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.

Quinco Group Home

333 S Water St, Bolivar, Tennessee 38008

Raines East

103 Young Rd, Bolivar, Tennessee 38008

Highland Gardens

910 Polk St, Bolivar, Tennessee 38008

Pecan Grove

520 Pecan Dr, Bolivar, Tennessee 38008

Bolivar Townhouses

520 Tate Road, Bolivar, Tennessee

Ridgecrest Apts.

50 Ridgecrest Dr, Bolivar, Tennessee

Hatchie Hav Chickasaw Vl

217 Hazelgrove St, Bolivar, Tennessee 38008

Zion Temple Home

222 Malone St, Bolivar, Tennessee 38008

Bhi 2003 Bolivar Project

Bhi/Bolivar Project, Bolivar, Tennessee 38008

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bolivar, Tennessee
$16.31/hour
$9.06 (+125%) more than Tennessee minimum wage and $9.06 (+125%) more than the Federal minimum wage.
Learn More About Bolivar, Tennessee Affordable Housing ↓

What HUD offices serve Bolivar, 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 Public Housing programs for Bolivar, Tennessee.
Operates the Section 8 Housing Choice Voucher (HCV), Family Self-Sufficiency, Mainstream Voucher, Homeownership programs for Bolivar, Tennessee.

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

How many renters live in Bolivar, Tennessee?

The City of Bolivar has 5,197 people living in 2,311 households.

There are 2,208 renters living in 965 renter households in this City. Renters make up 42.49 percent of the population living in Bolivar.

What is the rental market like in Bolivar, Tennessee?

There are an estimated 2,631 housing units in the Bolivar area. Of these, 1,047 units are rental homes, making up 40 percent of the housing market. For every renter household in Bolivar, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Bolivar?

The rental vacancy rate in Bolivar 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 Bolivar for each bedroom size?

Occupied Rental Units by Size in Bolivar
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 140 303 480 42
Occupied Rental Units by Size in Bolivar

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

Among renter households in this market, 70 percent have housing cost burden. Further, 21 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 Bolivar

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $651 to $1,232. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $651
One BR $655
Two BR $861
Three BR $1,213
Four BR $1,232
2024 Fair Market Rents in Bolivar, Tennessee

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

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 140 100 percent
Two BR 246 81 percent
Rental Units Below FMR in Bolivar, Tennessee

How many affordable rental units are in Bolivar?

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

Federal Program Unit Count
Low Income Housing Tax Credit 116
Public Housing 119
Section 8 Project-Based Rental Assistance 48
USDA Section 515 Rural Rental Housing 74
Tracked Units by Federal Program in Bolivar, Tennessee

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

Income Based Apartments in Bolivar, Tennessee

Bolivar features 289 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 Bolivar, Tennessee

There are 70 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bolivar.

Housing Choice Vouchers in Bolivar, Tennessee

On average, Section 8 Housing Choice vouchers pay Bolivar landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Bolivar.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bolivar, Tennessee for a two-bedroom apartment is between $775 and $947.

Sourced from federal housing data and AffordableHousingOnline.com research.