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

Discover affordable housing in Elizabethton 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

calendar_today Opened: Apr 1
Open Until Further Notice

Reported On February 23rd, 2024 by Colleen Carter

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

What HUD offices serve Elizabethton, 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), Public Housing programs for Elizabethton, Tennessee.

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

How many renters live in Elizabethton, Tennessee?

The City of Elizabethton has 14,375 people living in 5,616 households.

There are 5,070 renters living in 2,171 renter households in this City. Renters make up 35.27 percent of the population living in Elizabethton.

What is the rental market like in Elizabethton, Tennessee?

There are an estimated 6,231 housing units in the Elizabethton area. Of these, 2,299 units are rental homes, making up 37 percent of the housing market. For every renter household in Elizabethton, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Elizabethton?

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

Occupied Rental Units by Size in Elizabethton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
60 489 985 556 44
Occupied Rental Units by Size in Elizabethton

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

Among renter households in this market, 30 percent have housing cost burden. Further, 11 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 Elizabethton

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 Elizabethton, Tennessee

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

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 51 85 percent
One BR 409 84 percent
Two BR 865 88 percent
Rental Units Below FMR in Elizabethton, Tennessee

How many affordable rental units are in Elizabethton?

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

Federal Program Unit Count
Low Income Housing Tax Credit 301
Public Housing 326
Section 8 Project-Based Rental Assistance 319
Mod Rehab Project-Based Rental Assistance 35
Section 202 Supportive Housing for the Elderly 46
Tracked Units by Federal Program in Elizabethton, Tennessee

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

Income Based Apartments in Elizabethton, Tennessee

Elizabethton 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 Elizabethton, Tennessee

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

Housing Choice Vouchers in Elizabethton, Tennessee

On average, Section 8 Housing Choice vouchers pay Elizabethton landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Elizabethton.

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

Sourced from federal housing data and AffordableHousingOnline.com research.