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

Discover affordable housing in Fayette County where there are 20+ 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.

Rossville Manor Apartments

5185 Highway 57, Rossville, Tennessee 38066

Gallaway Apartments

294 Layton Cir, Gallaway, Tennessee 38036

Westview Manor Apartments

701 Westview Cove, Somerville, Tennessee 38068

Foxtail Grove Apartments

510 N Main Hwy 76, Somerville, Tennessee 38068

Layton Meadows Apartments

476 Layton Rd, Gallaway, Tennessee 38036

Country Oaks I

421 Jernigan Dr, Somerville, Tennessee 38068

Lake Street Apartments

307 Lake Dr, Somerville, Tennessee 38068

Country Oaks Apartments II

423 Jernigan Dr, Somerville, Tennessee 38068

Oakland Apartments

55 Eisinger Cv, Oakland, Tennessee 38060

St Mark Village Apartments

85 Saint Mark Cv, Moscow, Tennessee 38057

Oakwood Manor

49 Oakwood Manor Cv, Somerville, Tennessee 38068

Maplewood Village

400 Meadow Ln, Somerville, Tennessee 38068

Turnrow

502 Jernigan Drive, Somerville, Tennessee 38068

Bluegrass Village Apartments

430 Jernigan Dr, Somerville, Tennessee 38068

CENTER POINTE APARTMENTS

200 JACKSON ST, Gallaway, Tennessee 38036

Fayette County Citizens for Progress Affordable Housing

901 S Somerville St, Somerville, Tennessee 38068

Fayette County Citizens for Progress Affordable Housing

1035 S Somerville St, Somerville, Tennessee 38068

Laurelwood Apartments

130 S Center St, Collierville, Tennessee 38017

Somerville Trace

239 Jernigan Dr., Somerville, Tennessee 38068

Laurel Wood Apartments

130 Center Street, Collierville, Tennessee

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Fayette County, Tennessee
$24.58/hour
$17.33 (+239%) more than Tennessee minimum wage and $17.33 (+239%) more than the Federal minimum wage.
Learn More About Fayette County, Tennessee Affordable Housing ↓

What HUD offices serve Fayette County, 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 Fayette County, Tennessee.

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

How many renters live in Fayette County, Tennessee?

The County of Fayette County has 42,228 people living in 16,416 households.

There are 6,928 renters living in 3,024 renter households in this County. Renters make up 16.41 percent of the population living in Fayette County.

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

There are an estimated 17,772 housing units in the Fayette County area. Of these, 3,175 units are rental homes, making up 18 percent of the housing market. For every renter household in Fayette County, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Fayette County?

The rental vacancy rate in Fayette County is 2 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 Fayette County for each bedroom size?

Occupied Rental Units by Size in Fayette County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
116 320 822 1,297 388
Occupied Rental Units by Size in Fayette County

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

Among renter households in this market, 39 percent have housing cost burden. Further, 16 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 Fayette County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,031 to $1,995. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,031
One BR $1,146
Two BR $1,298
Three BR $1,711
Four BR $1,995
2024 Fair Market Rents in Fayette County, Tennessee

How many units are rented at Fair Market Rent (FMR) in Fayette 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 73 63 percent
One BR 285 89 percent
Two BR 657 80 percent
Rental Units Below FMR in Fayette County, Tennessee

How many affordable rental units are in Fayette County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 190
Section 8 Project-Based Rental Assistance 277
USDA Section 515 Rural Rental Housing 296
Tracked Units by Federal Program in Fayette County, Tennessee

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

Income Based Apartments in Fayette County, Tennessee

Fayette County features 600 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 Fayette County, Tennessee

There are 153 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fayette County.

Housing Choice Vouchers in Fayette County, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Fayette County, Tennessee for a two-bedroom apartment is between $1,168 and $1,428.

Sourced from federal housing data and AffordableHousingOnline.com research.