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

Discover affordable housing in Collinwood 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.

Collinwood Apts

839 Highway 13 South, Collinwood, Tennessee

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Collinwood, 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 Collinwood, Tennessee Affordable Housing ↓

What HUD offices serve Collinwood, 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, Mainstream Voucher, Homeownership programs for Collinwood, Tennessee.

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

How many renters live in Collinwood, Tennessee?

The City of Collinwood has 1,224 people living in 430 households.

There are 306 renters living in 111 renter households in this City. Renters make up 25 percent of the population living in Collinwood.

What is the rental market like in Collinwood, Tennessee?

There are an estimated 505 housing units in the Collinwood area. Of these, 118 units are rental homes, making up 23 percent of the housing market. For every renter household in Collinwood, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Collinwood?

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

Occupied Rental Units by Size in Collinwood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 9 38 61 3
Occupied Rental Units by Size in Collinwood

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

Among renter households in this market, 40 percent have housing cost burden. Further, 36 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 Collinwood

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $651 to $1,147. 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 $1,043
Four BR $1,147
2024 Fair Market Rents in Collinwood, Tennessee

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

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 9 100 percent
Two BR 31 82 percent
Rental Units Below FMR in Collinwood, Tennessee

How many affordable rental units are in Collinwood?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 16
Tracked Units by Federal Program in Collinwood, Tennessee

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

Income Based Apartments in Collinwood, Tennessee

Collinwood features 16 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 Collinwood, Tennessee

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

Housing Choice Vouchers in Collinwood, Tennessee

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.