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

Discover affordable housing in Loudon County where there are 16+ 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

Peaks of Loudon

1085 Carding Machine Rd, Loudon, Tennessee 37774

Lakeview Apartments

1521 Grove Street, Loudon, Tennessee 37774

River Manor Apartments

6370 Industrial Blvd, Lenoir City, Tennessee 37771

Loudon Gardens

300 Clyde St, Loudon, Tennessee 37774

Westside Terrace

939 Maremont Pkwy, Loudon, Tennessee 37774

Silver Hills Apartments

699 Grayson Freedman Ln, Lenoir City, Tennessee 37771

Loudonview Apartments

1519 Grove St, Loudon, Tennessee 37774

Hines Valley Apartments

1 Hines Ct, Lenoir City, Tennessee 37771

Act III Group Home

1411 Grove St, Loudon, Tennessee 37774

Mcghee Square

225 Kelly Ln, Lenoir City, Tennessee 37771

The Peaks of Loudon

Carding Machine Rd, Loudon, Tennessee 37774

Dogwood Terrace III

600 Ivy St, Lenoir City, Tennessee 0

Creekwood Homes

122 Hackberry St, Loudon, Tennessee 37774

Sunset Hills

100 Oakwood Dr, Lenoir City, Tennessee 37771

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

What HUD offices serve Loudon 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 Loudon County, Tennessee.

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

How many renters live in Loudon County, Tennessee?

The County of Loudon County has 55,507 people living in 22,487 households.

There are 11,359 renters living in 4,137 renter households in this County. Renters make up 20.46 percent of the population living in Loudon County.

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

There are an estimated 24,780 housing units in the Loudon County area. Of these, 4,426 units are rental homes, making up 18 percent of the housing market. For every renter household in Loudon County, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Loudon County?

The rental vacancy rate in Loudon County 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 Loudon County for each bedroom size?

Occupied Rental Units by Size in Loudon County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
155 518 1,299 1,816 245
Occupied Rental Units by Size in Loudon County

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

Among renter households in this market, 33 percent have housing cost burden. Further, 16 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 Loudon County

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 Loudon County, Tennessee

How many units are rented at Fair Market Rent (FMR) in Loudon 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 37 24 percent
One BR 395 76 percent
Two BR 835 64 percent
Rental Units Below FMR in Loudon County, Tennessee

How many affordable rental units are in Loudon County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 278
Public Housing 138
Section 8 Project-Based Rental Assistance 362
USDA Section 515 Rural Rental Housing 176
Tracked Units by Federal Program in Loudon County, Tennessee

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

Income Based Apartments in Loudon County, Tennessee

Loudon County features 672 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 Loudon County, Tennessee

There are 284 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Loudon County.

Housing Choice Vouchers in Loudon County, Tennessee

On average, Section 8 Housing Choice vouchers pay Loudon County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Loudon County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.