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

Discover affordable housing in Henderson where there are 7+ 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.

Hillview Manor Apartments

597 Sanford Hill Rd, Henderson, Tennessee 38340

Henderson View Apartments

740 Fourth St, Henderson, Tennessee 38340

Heritage Towers

310 E University St, Henderson, Tennessee 38340

Oak Haven Apartments

1460 Crucifer Rd, Henderson, Tennessee 38345

Eastgate Apts.

539 Great Oaks Circle, Henderson, Tennessee

Arrington Estates of Henderson

547 Pinehurst Dr, Henderson, Tennessee 38340

Arrington Estates of Henderson

Hwy 200 and Luray Rd, Henderson, Tennessee 38340

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Henderson, Tennessee
$21.55/hour
$14.30 (+197%) more than Tennessee minimum wage and $14.30 (+197%) more than the Federal minimum wage.
Learn More About Henderson, Tennessee Affordable Housing ↓

What HUD offices serve Henderson, 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 Henderson, Tennessee.

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

How many renters live in Henderson, Tennessee?

The City of Henderson has 6,326 people living in 1,915 households.

There are 1,831 renters living in 715 renter households in this City. Renters make up 28.94 percent of the population living in Henderson.

What is the rental market like in Henderson, Tennessee?

There are an estimated 2,096 housing units in the Henderson area. Of these, 715 units are rental homes, making up 34 percent of the housing market. For every renter household in Henderson, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Henderson?

The rental vacancy rate in Henderson is 0 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 Henderson for each bedroom size?

Occupied Rental Units by Size in Henderson
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
27 82 384 155 67
Occupied Rental Units by Size in Henderson

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

Among renter households in this market, 43 percent have housing cost burden. Further, 21 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 Henderson

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $771 to $1,563. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $771
One BR $866
Two BR $1,138
Three BR $1,558
Four BR $1,563
2024 Fair Market Rents in Henderson, Tennessee

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

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 27 100 percent
One BR 82 100 percent
Two BR 376 98 percent
Rental Units Below FMR in Henderson, Tennessee

How many affordable rental units are in Henderson?

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

Federal Program Unit Count
Low Income Housing Tax Credit 50
Section 8 Project-Based Rental Assistance 194
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Henderson, Tennessee

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

Income Based Apartments in Henderson, Tennessee

Henderson features 244 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 Henderson, Tennessee

There are 108 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Henderson.

Housing Choice Vouchers in Henderson, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Henderson, Tennessee for a two-bedroom apartment is between $1,024 and $1,252.

Sourced from federal housing data and AffordableHousingOnline.com research.