Low Income Apartments and Affordable Housing For Rent in Carter County, TN

Discover affordable housing in Carter County where there are 8+ 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.

Mountain Hollow

100 Mountain Hollow Ct, Elizabethton, Tennessee 37643

Lynnridge Apartments

1266 Bluefield Ave, Elizabethton, Tennessee 37643

Lynnwood Apartments

1235 Bluefield Ave, Elizabethton, Tennessee 37643

Village East Apartments

200 North East St, Elizabethton, Tennessee 37643

The Courtyard

710 S 2nd St, Elizabethton, Tennessee 37643

Franklin Place

1506 State Line Rd, Elizabethton, Tennessee 37643

Rolling Hills Estate

912 Pine Ridge Cir, Elizabethton, Tennessee 37643

Beasley St Apartments

430 Beasley St, Elizabethton, Tennessee 37643

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Carter County, Tennessee
$20.27/hour
$13.02 (+180%) more than Tennessee minimum wage and $13.02 (+180%) more than the Federal minimum wage.
Learn More About Carter County, Tennessee Affordable Housing ↓

How many renters live in Carter County, Tennessee?

The County of Carter County has 56,315 people living in 23,940 households.

There are 14,336 renters living in 6,385 renter households in this County. Renters make up 25.46 percent of the population living in Carter County.

What is the rental market like in Carter County, Tennessee?

There are an estimated 27,881 housing units in the Carter County area. Of these, 6,784 units are rental homes, making up 24 percent of the housing market. For every renter household in Carter County, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Carter County?

The rental vacancy rate in Carter County 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 Carter County for each bedroom size?

Occupied Rental Units by Size in Carter County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
112 1,003 2,963 1,933 250
Occupied Rental Units by Size in Carter County

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

Among renter households in this market, 33 percent have housing cost burden. Further, 14 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 Carter County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $864 to $1,561. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $864
One BR $870
Two BR $1,070
Three BR $1,343
Four BR $1,561
2024 Fair Market Rents in Carter County, Tennessee

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

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 89 79 percent
One BR 828 83 percent
Two BR 2,153 73 percent
Rental Units Below FMR in Carter County, Tennessee

How many affordable rental units are in Carter County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 333
Public Housing 326
Section 8 Project-Based Rental Assistance 416
Mod Rehab Project-Based Rental Assistance 35
Section 202 Supportive Housing for the Elderly 65
Tracked Units by Federal Program in Carter County, Tennessee

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

Income Based Apartments in Carter County, Tennessee

Carter County features 689 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 Carter County, Tennessee

There are 53 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Carter County.

Housing Choice Vouchers in Carter County, Tennessee

On average, Section 8 Housing Choice vouchers pay Carter County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Carter County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Carter County, Tennessee for a two-bedroom apartment is between $963 and $1,177.

Sourced from federal housing data and AffordableHousingOnline.com research.