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

Discover affordable housing in Grundy County where there are 2+ 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.

Elk Meadows Apartments

18 Elk Lane, Coalmont, Tennessee 37313

Meadowood Apartments

14252 US Highway 41, Tracy City, Tennessee 37387

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Grundy County, Tennessee
$16.31/hour
$9.06 (+125%) more than Tennessee minimum wage and $9.06 (+125%) more than the Federal minimum wage.
Learn More About Grundy County, Tennessee Affordable Housing ↓

What HUD offices serve Grundy 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 programs for Grundy County, Tennessee.

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

How many renters live in Grundy County, Tennessee?

The County of Grundy County has 13,550 people living in 4,965 households.

There are 1,928 renters living in 814 renter households in this County. Renters make up 14.23 percent of the population living in Grundy County.

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

There are an estimated 6,216 housing units in the Grundy County area. Of these, 926 units are rental homes, making up 15 percent of the housing market. For every renter household in Grundy County, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Grundy County?

The rental vacancy rate in Grundy County is 10 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 Grundy County for each bedroom size?

Occupied Rental Units by Size in Grundy County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 97 372 321 24
Occupied Rental Units by Size in Grundy County

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

Among renter households in this market, 29 percent have housing cost burden. Further, 10 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 Grundy County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $707 to $1,209. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $707
One BR $742
Two BR $861
Three BR $1,069
Four BR $1,209
2024 Fair Market Rents in Grundy County, Tennessee

How many units are rented at Fair Market Rent (FMR) in Grundy 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
One BR 92 95 percent
Two BR 210 56 percent
Rental Units Below FMR in Grundy County, Tennessee

How many affordable rental units are in Grundy County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 72
Public Housing 110
Section 8 Project-Based Rental Assistance 24
USDA Section 515 Rural Rental Housing 76
Tracked Units by Federal Program in Grundy County, Tennessee

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

Income Based Apartments in Grundy County, Tennessee

Grundy County features 44 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 Grundy County, Tennessee

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

Housing Choice Vouchers in Grundy County, Tennessee

On average, Section 8 Housing Choice vouchers pay Grundy County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Grundy County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Grundy County, Tennessee for a two-bedroom apartment is between $775 and $947.

Sourced from federal housing data and AffordableHousingOnline.com research.