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

Discover affordable housing in Cookeville where there are 16+ 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.

Laurel Creek

580 Cora Rd, Cookeville, Tennessee 38501

Terrace Townhomes

1366 Crescent Dr., Cookeville, Tennessee 38501

Hickory Valley Apartments

761 Buffalo Valley, Cookeville, Tennessee 38501

Walnut Village Apartments

201 S Walnut Ave, Cookeville, Tennessee 38501

Garden Grove Apartments

300 Quinland Lake Ct, Cookeville, Tennessee 38506

Broad Way Apartments

10 Broadway Ave., Cookeville, Tennessee 38501

Quinland Ridge

394 4th Avenue, Cookeville, Tennessee 38506

Cane Creek Apartments

2500 W Jackson St, Cookeville, Tennessee 38501

Algood Manor Apartments

100 Maddux Ct, Cookeville, Tennessee 38506

Algood Village

100 Church Ct, Cookeville, Tennessee 38506

Cypress Creek Apartments

600 W 8th St, Cookeville, Tennessee 38501

Huddleston Holladay Sid

606 Pine Ave, Cookeville, Tennessee 38501

Willow Heights

861 Willow Valley Ct, Cookeville, Tennessee 38501

Genesis House Dixie and Virginia

1330 N Dixie Ave, Cookeville, Tennessee 38501

Judge Ok Holliday Homes

860 Willow Valley Ct, Cookeville, Tennessee 38501

314 W 9th St

314 W 9th St, Cookeville, Tennessee 38501

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cookeville, Tennessee
$18.77/hour
$11.52 (+159%) more than Tennessee minimum wage and $11.52 (+159%) more than the Federal minimum wage.
Learn More About Cookeville, Tennessee Affordable Housing ↓

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

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

How many renters live in Cookeville, Tennessee?

The City of Cookeville has 34,967 people living in 14,373 households.

There are 18,192 renters living in 8,626 renter households in this City. Renters make up 52.03 percent of the population living in Cookeville.

What is the rental market like in Cookeville, Tennessee?

There are an estimated 15,555 housing units in the Cookeville area. Of these, 8,996 units are rental homes, making up 58 percent of the housing market. For every renter household in Cookeville, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Cookeville?

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

Occupied Rental Units by Size in Cookeville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
415 1,666 3,860 2,237 438
Occupied Rental Units by Size in Cookeville

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

Among renter households in this market, 48 percent have housing cost burden. Further, 25 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 Cookeville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $760 to $1,578. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $760
One BR $764
Two BR $991
Three BR $1,368
Four BR $1,578
2024 Fair Market Rents in Cookeville, Tennessee

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

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 292 70 percent
One BR 1,162 70 percent
Two BR 2,855 74 percent
Rental Units Below FMR in Cookeville, Tennessee

How many affordable rental units are in Cookeville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 352
Public Housing 80
Section 8 Project-Based Rental Assistance 287
Section 202 Supportive Housing for the Elderly 20
Tracked Units by Federal Program in Cookeville, Tennessee

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

Income Based Apartments in Cookeville, Tennessee

Cookeville features 702 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 Cookeville, Tennessee

There are 501 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cookeville.

Housing Choice Vouchers in Cookeville, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cookeville, Tennessee for a two-bedroom apartment is between $892 and $1,090.

Sourced from federal housing data and AffordableHousingOnline.com research.