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

Discover affordable housing in Lake County where there are 14+ 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.

Lake Ridge Apartments

900 Vaughn Dr, Tiptonville, Tennessee 38079

Blue Ridge Apartments

210 S Main St, Ridgely, Tennessee 38080

Lake Point Apartments

1775 Vaughn Dr, Tiptonville, Tennessee 38079

Sun Valley Apartments

498 Riley Rd, Ridgely, Tennessee 38080

Camelot Manor

303 Dillard St, Ridgely, Tennessee 38080

Colonial House Apartments

1131 Vaughn Dr. , Tiptonville, Tennessee 38079

Reelfoot Village Apartments

496 Maze Rd, Ridgely, Tennessee 38080

Tiptonville Apartments

524 Cherry St, Tiptonville, Tennessee 38079

Tiptonville Meadows Apartments

550 Moss St, Tiptonville, Tennessee 38079

Ridgely Manor Apartments

500 Riley Rd, Ridgely, Tennessee 38080

Oakhaven Apartments

927 Dixon St, Tiptonville, Tennessee 38079

Wesley Apartments

1155 Reelfoot St, Tiptonville, Tennessee 38079

Carey Counseling Tiptonville

Cherry St, Tiptonville, Tennessee 38079

Hickman Homes and Mayes Homes

217 Sands St, Ridgely, Tennessee 38080

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

What HUD offices serve Lake 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, Mainstream Voucher, Homeownership programs for Lake County, Tennessee.

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

How many renters live in Lake County, Tennessee?

The County of Lake County has 6,898 people living in 2,013 households.

There are 2,574 renters living in 1,078 renter households in this County. Renters make up 37.32 percent of the population living in Lake County.

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

There are an estimated 2,508 housing units in the Lake County area. Of these, 1,184 units are rental homes, making up 47 percent of the housing market. For every renter household in Lake County, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Lake County?

The rental vacancy rate in Lake County is 7 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 Lake County for each bedroom size?

Occupied Rental Units by Size in Lake County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
70 325 295 339 49
Occupied Rental Units by Size in Lake County

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

Among renter households in this market, 29 percent have housing cost burden. Further, 12 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 Lake County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $690 to $1,209. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $690
One BR $694
Two BR $861
Three BR $1,118
Four BR $1,209
2024 Fair Market Rents in Lake County, Tennessee

How many units are rented at Fair Market Rent (FMR) in Lake 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 10 14 percent
One BR 294 90 percent
Two BR 207 70 percent
Rental Units Below FMR in Lake County, Tennessee

How many affordable rental units are in Lake County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 209
Public Housing 97
Section 8 Project-Based Rental Assistance 178
USDA Section 515 Rural Rental Housing 217
Tracked Units by Federal Program in Lake County, Tennessee

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

Income Based Apartments in Lake County, Tennessee

Lake County features 553 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 Lake County, Tennessee

There are 5 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake County.

Housing Choice Vouchers in Lake County, Tennessee

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.