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

Discover affordable housing in Lexington where there are 6+ 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.

Jeffrey Meadows

391 N Main St, Lexington, Tennessee 38351

Woodland Homes

61 Woodland Dr, Lexington, Tennessee 38351

Hill Crest Place

58 Dixon St, Lexington, Tennessee 38351

Lexington Civic Housing

6 Rotary Dr, Lexington, Tennessee 38351

Lexington Village

308 S Broad St, Lexington, Tennessee 38351

Willow Courts

102 Parkview Cts, Lexington, Tennessee 38351

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lexington, Tennessee
$16.53/hour
$9.28 (+128%) more than Tennessee minimum wage and $9.28 (+128%) more than the Federal minimum wage.
Learn More About Lexington, Tennessee Affordable Housing ↓

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

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

How many renters live in Lexington, Tennessee?

The City of Lexington has 7,927 people living in 2,776 households.

There are 3,414 renters living in 1,216 renter households in this City. Renters make up 43.07 percent of the population living in Lexington.

What is the rental market like in Lexington, Tennessee?

There are an estimated 3,180 housing units in the Lexington area. Of these, 1,291 units are rental homes, making up 41 percent of the housing market. For every renter household in Lexington, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Lexington?

The rental vacancy rate in Lexington is 6 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 Lexington for each bedroom size?

Occupied Rental Units by Size in Lexington
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 117 488 507 89
Occupied Rental Units by Size in Lexington

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

Among renter households in this market, 39 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 Lexington

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $717 to $1,163. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $717
One BR $778
Two BR $873
Three BR $1,112
Four BR $1,163
2024 Fair Market Rents in Lexington, Tennessee

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

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 70 60 percent
Two BR 415 85 percent
Rental Units Below FMR in Lexington, Tennessee

How many affordable rental units are in Lexington?

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

Federal Program Unit Count
Low Income Housing Tax Credit 65
Public Housing 120
Section 8 Project-Based Rental Assistance 109
USDA Section 515 Rural Rental Housing 73
Tracked Units by Federal Program in Lexington, Tennessee

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

Income Based Apartments in Lexington, Tennessee

Lexington features 304 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 Lexington, Tennessee

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lexington.

Housing Choice Vouchers in Lexington, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lexington, Tennessee for a two-bedroom apartment is between $786 and $960.

Sourced from federal housing data and AffordableHousingOnline.com research.