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

Discover affordable housing in Lyles where there are 1+ 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.

Harvest Edge Apartments

7698 Highway 7, Lyles, Tennessee 37098

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

What HUD offices serve Lyles, 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 Lyles, Tennessee.

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

How many renters live in Lyles, Tennessee?

The City of Lyles has 1,060 people living in 303 households.

There are 279 renters living in 80 renter households in this City. Renters make up 26.32 percent of the population living in Lyles.

What is the rental market like in Lyles, Tennessee?

There are an estimated 369 housing units in the Lyles area. Of these, 80 units are rental homes, making up 22 percent of the housing market. For every renter household in Lyles, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Lyles?

The rental vacancy rate in Lyles 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 Lyles for each bedroom size?

Occupied Rental Units by Size in Lyles
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 19 61 0
Occupied Rental Units by Size in Lyles

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

Among renter households in this market, 100 percent have housing cost burden. Further, 76 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 Lyles

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $707 to $1,461. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $707
One BR $767
Two BR $861
Three BR $1,213
Four BR $1,461
2024 Fair Market Rents in Lyles, Tennessee

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

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
Two BR 19 100 percent
Rental Units Below FMR in Lyles, Tennessee

How many affordable rental units are in Lyles?

Income Based Apartments in Lyles, Tennessee

Lyles 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 Lyles, Tennessee

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lyles.

Housing Choice Vouchers in Lyles, Tennessee

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.