Low Income Apartments and Affordable Housing For Rent in Lenoir City, TN

Discover affordable housing in Lenoir City where there are 8+ 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.

Springplace Apartments

304 Locust St, Lenoir City, Tennessee 37771

Town Creek Village

171 Country Ln, Lenoir City, Tennessee 37771

River Manor Apartments

6370 Industrial Blvd, Lenoir City, Tennessee 37771

Silver Hills Apartments

699 Grayson Freedman Ln, Lenoir City, Tennessee 37771

Hines Valley Apartments

1 Hines Ct, Lenoir City, Tennessee 37771

Mcghee Square

225 Kelly Ln, Lenoir City, Tennessee 37771

Dogwood Terrace III

600 Ivy St, Lenoir City, Tennessee 0

Sunset Hills

100 Oakwood Dr, Lenoir City, Tennessee 37771

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lenoir City, Tennessee
$23.13/hour
$15.88 (+219%) more than Tennessee minimum wage and $15.88 (+219%) more than the Federal minimum wage.
Learn More About Lenoir City, Tennessee Affordable Housing ↓

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

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

How many renters live in Lenoir City, Tennessee?

The City of Lenoir City has 10,291 people living in 3,826 households.

There are 4,273 renters living in 1,482 renter households in this City. Renters make up 41.52 percent of the population living in Lenoir City.

What is the rental market like in Lenoir City, Tennessee?

There are an estimated 4,270 housing units in the Lenoir City area. Of these, 1,663 units are rental homes, making up 39 percent of the housing market. For every renter household in Lenoir City, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Lenoir City?

The rental vacancy rate in Lenoir City 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 Lenoir City for each bedroom size?

Occupied Rental Units by Size in Lenoir City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 334 577 523 48
Occupied Rental Units by Size in Lenoir City

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

Among renter households in this market, 29 percent have housing cost burden. Further, 11 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 Lenoir City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $985 to $1,833. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $985
One BR $1,000
Two BR $1,221
Three BR $1,578
Four BR $1,833
2024 Fair Market Rents in Lenoir City, Tennessee

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

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 248 74 percent
Two BR 358 62 percent
Rental Units Below FMR in Lenoir City, Tennessee

How many affordable rental units are in Lenoir City?

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

Federal Program Unit Count
Low Income Housing Tax Credit 154
Public Housing 138
Section 8 Project-Based Rental Assistance 182
USDA Section 515 Rural Rental Housing 56
Tracked Units by Federal Program in Lenoir City, Tennessee

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

Income Based Apartments in Lenoir City, Tennessee

Lenoir City features 396 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 Lenoir City, Tennessee

There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lenoir City.

Housing Choice Vouchers in Lenoir City, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lenoir City, Tennessee for a two-bedroom apartment is between $1,099 and $1,343.

Sourced from federal housing data and AffordableHousingOnline.com research.