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

Discover affordable housing in Cowan 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.

Cedar Ridge Apartments

910 Cumberland St W, Cowan, Tennessee 37318

Kc Home of Cowan

214 England St W, Cowan, Tennessee 37318

Mountain View Apartments

631 Click Rd, Cowan, Tennessee 37318

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cowan, Tennessee
$17.22/hour
$9.97 (+137%) more than Tennessee minimum wage and $9.97 (+137%) more than the Federal minimum wage.
Learn More About Cowan, Tennessee Affordable Housing ↓

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

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

How many renters live in Cowan, Tennessee?

The City of Cowan has 1,827 people living in 705 households.

There are 949 renters living in 334 renter households in this City. Renters make up 51.94 percent of the population living in Cowan.

What is the rental market like in Cowan, Tennessee?

There are an estimated 781 housing units in the Cowan area. Of these, 334 units are rental homes, making up 43 percent of the housing market. For every renter household in Cowan, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Cowan?

The rental vacancy rate in Cowan is 0 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 Cowan for each bedroom size?

Occupied Rental Units by Size in Cowan
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 30 187 107 10
Occupied Rental Units by Size in Cowan

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

Among renter households in this market, 28 percent have housing cost burden. Further, 12 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 Cowan

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $731 to $1,384. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $731
One BR $735
Two BR $909
Three BR $1,175
Four BR $1,384
2024 Fair Market Rents in Cowan, Tennessee

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

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 30 100 percent
Two BR 169 90 percent
Rental Units Below FMR in Cowan, Tennessee

How many affordable rental units are in Cowan?

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

Federal Program Unit Count
Public Housing 50
Section 8 Project-Based Rental Assistance 25
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Cowan, Tennessee

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

Income Based Apartments in Cowan, Tennessee

Cowan features 59 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 Cowan, Tennessee

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

Housing Choice Vouchers in Cowan, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cowan, Tennessee for a two-bedroom apartment is between $818 and $1,000.

Sourced from federal housing data and AffordableHousingOnline.com research.