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

Discover affordable housing in Franklin County where there are 13+ 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.

Cumberland Place Apartments

3901 Cowan Hwy, Winchester, Tennessee 37398

Monteagle Greene Apartments

48 Madison Ave, Monteagle, Tennessee 37356

Woodland Ridge Apartments

RR 1 Box 2773, Monteagle, Tennessee 37356

Cedar Ridge Apartments

910 Cumberland St W, Cowan, Tennessee 37318

Ridgecrest Group Home

2nd Fairmont Ave, Monteagle, Tennessee 37356

Kc Home of Cowan

214 England St W, Cowan, Tennessee 37318

Sunny View Apartments

205 8th Ave, Winchester, Tennessee 37398

Mountain View Apartments

631 Click Rd, Cowan, Tennessee 37318

Mallard Cove Apartments

314 Old Winchester Rd, Decherd, Tennessee 37324

Mountain Terrace

150 Raulston St, Monteagle, Tennessee 37356

Dogwood Apts

119 Ross Lane, Winchester, Tennessee

Grant Homes

202 4th Ave S, Decherd, Tennessee 37324

Golden Heights Apartments CO Winston Maxwell

1 Hospital Rd, Winchester, Tennessee 37398

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

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

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

How many renters live in Franklin County, Tennessee?

The County of Franklin County has 42,980 people living in 16,789 households.

There are 9,106 renters living in 4,030 renter households in this County. Renters make up 21.19 percent of the population living in Franklin County.

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

There are an estimated 19,565 housing units in the Franklin County area. Of these, 4,074 units are rental homes, making up 21 percent of the housing market. For every renter household in Franklin County, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Franklin County?

The rental vacancy rate in Franklin County is 1 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 Franklin County for each bedroom size?

Occupied Rental Units by Size in Franklin County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
67 382 1,640 1,475 385
Occupied Rental Units by Size in Franklin County

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

Among renter households in this market, 35 percent have housing cost burden. Further, 14 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 Franklin County

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 Franklin County, Tennessee

How many units are rented at Fair Market Rent (FMR) in Franklin 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 64 96 percent
One BR 302 79 percent
Two BR 1,043 64 percent
Rental Units Below FMR in Franklin County, Tennessee

How many affordable rental units are in Franklin County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 75
Public Housing 246
Section 8 Project-Based Rental Assistance 143
USDA Section 515 Rural Rental Housing 96
Tracked Units by Federal Program in Franklin County, Tennessee

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

Income Based Apartments in Franklin County, Tennessee

Franklin County features 622 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 Franklin County, Tennessee

There are 92 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Franklin County.

Housing Choice Vouchers in Franklin County, Tennessee

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.