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

Discover affordable housing in Louisville 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.

Airway Ridge

101 Airway Ridge Rd, Louisville, Tennessee 37777

Anderson Apartments

3122 Louisville Rd, Louisville, Tennessee 37777

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

What HUD offices serve Louisville, 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 Louisville, Tennessee.

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

How many renters live in Louisville, Tennessee?

The City of Louisville has 4,359 people living in 1,889 households.

There are 529 renters living in 227 renter households in this City. Renters make up 12.14 percent of the population living in Louisville.

What is the rental market like in Louisville, Tennessee?

There are an estimated 2,029 housing units in the Louisville area. Of these, 247 units are rental homes, making up 12 percent of the housing market. For every renter household in Louisville, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Louisville?

The rental vacancy rate in Louisville is 0 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 Louisville for each bedroom size?

Occupied Rental Units by Size in Louisville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 29 91 86 21
Occupied Rental Units by Size in Louisville

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

Among renter households in this market, 78 percent have housing cost burden. Further, 36 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 Louisville

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 Louisville, Tennessee

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

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 29 100 percent
Two BR 69 76 percent
Rental Units Below FMR in Louisville, Tennessee

How many affordable rental units are in Louisville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 12
Tracked Units by Federal Program in Louisville, Tennessee

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

Income Based Apartments in Louisville, Tennessee

Louisville features 0 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 Louisville, Tennessee

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Louisville.

Housing Choice Vouchers in Louisville, Tennessee

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.