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

Discover affordable housing in Jellico 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.

Magnolia Terrace

222 Broad St, Jellico, Tennessee 37762

Grace Moore Memorial

190 Hardin St, Jellico, Tennessee 37762

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Jellico, Tennessee
$17.27/hour
$10.02 (+138%) more than Tennessee minimum wage and $10.02 (+138%) more than the Federal minimum wage.
Learn More About Jellico, Tennessee Affordable Housing ↓

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

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

How many renters live in Jellico, Tennessee?

The City of Jellico has 1,808 people living in 892 households.

There are 832 renters living in 462 renter households in this City. Renters make up 46.02 percent of the population living in Jellico.

What is the rental market like in Jellico, Tennessee?

There are an estimated 1,075 housing units in the Jellico area. Of these, 507 units are rental homes, making up 47 percent of the housing market. For every renter household in Jellico, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Jellico?

The rental vacancy rate in Jellico is 9 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 Jellico for each bedroom size?

Occupied Rental Units by Size in Jellico
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 269 85 65 43
Occupied Rental Units by Size in Jellico

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

Among renter households in this market, 29 percent have housing cost burden. Further, 9 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 Jellico

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $618 to $1,215. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $618
One BR $695
Two BR $912
Three BR $1,202
Four BR $1,215
2024 Fair Market Rents in Jellico, Tennessee

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

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 260 97 percent
Two BR 81 95 percent
Rental Units Below FMR in Jellico, Tennessee

How many affordable rental units are in Jellico?

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

Federal Program Unit Count
Public Housing 122
Section 8 Project-Based Rental Assistance 124
Tracked Units by Federal Program in Jellico, Tennessee

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

Income Based Apartments in Jellico, Tennessee

Jellico features 122 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 Jellico, Tennessee

There are 124 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Jellico.

Housing Choice Vouchers in Jellico, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Jellico, Tennessee for a two-bedroom apartment is between $821 and $1,003.

Sourced from federal housing data and AffordableHousingOnline.com research.