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

Discover affordable housing in Gallaway 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.

Gallaway Apartments

294 Layton Cir, Gallaway, Tennessee 38036

Layton Meadows Apartments

476 Layton Rd, Gallaway, Tennessee 38036

CENTER POINTE APARTMENTS

200 JACKSON ST, Gallaway, Tennessee 38036

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

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

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

How many renters live in Gallaway, Tennessee?

The City of Gallaway has 664 people living in 286 households.

There are 370 renters living in 199 renter households in this City. Renters make up 55.72 percent of the population living in Gallaway.

What is the rental market like in Gallaway, Tennessee?

There are an estimated 304 housing units in the Gallaway area. Of these, 217 units are rental homes, making up 71 percent of the housing market. For every renter household in Gallaway, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Gallaway?

The rental vacancy rate in Gallaway is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Gallaway for each bedroom size?

Occupied Rental Units by Size in Gallaway
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
23 55 64 57 0
Occupied Rental Units by Size in Gallaway

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

Among renter households in this market, 44 percent have housing cost burden. Further, 20 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 Gallaway

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 Gallaway, Tennessee

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

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 22 96 percent
One BR 46 84 percent
Two BR 64 100 percent
Rental Units Below FMR in Gallaway, Tennessee

How many affordable rental units are in Gallaway?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 32
Tracked Units by Federal Program in Gallaway, Tennessee

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

Income Based Apartments in Gallaway, Tennessee

Gallaway features 192 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 Gallaway, Tennessee

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

Housing Choice Vouchers in Gallaway, Tennessee

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.