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

Discover affordable housing in Martin where there are 7+ 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.

Wesley at Martin

448 Hannings Ln, Martin, Tennessee 38237

Williamsburg Landing

315 Hawks Rd, Martin, Tennessee 38237

Jwc Housing Corporation

113 Willow Ln, Martin, Tennessee 38237

Northwest Apartments of Weakley County

109 Harrison Rd, Martin, Tennessee 38237

Martin Group Home

211 Ivie Ln, Martin, Tennessee 38237

Puckett Plaza

9 E Heights Cir, Martin, Tennessee 38255

Chapelridge of Martin

528 Ellis St, Martin, Tennessee 38237

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

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

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

How many renters live in Martin, Tennessee?

The City of Martin has 10,823 people living in 4,027 households.

There are 4,777 renters living in 2,292 renter households in this City. Renters make up 44.14 percent of the population living in Martin.

What is the rental market like in Martin, Tennessee?

There are an estimated 4,602 housing units in the Martin area. Of these, 2,418 units are rental homes, making up 53 percent of the housing market. For every renter household in Martin, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Martin?

The rental vacancy rate in Martin is 5 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 Martin for each bedroom size?

Occupied Rental Units by Size in Martin
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
43 511 1,079 572 87
Occupied Rental Units by Size in Martin

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

Among renter households in this market, 48 percent have housing cost burden. Further, 25 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 Martin

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 $728
Two BR $861
Three BR $1,041
Four BR $1,461
2024 Fair Market Rents in Martin, Tennessee

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

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 30 70 percent
One BR 439 86 percent
Two BR 732 68 percent
Rental Units Below FMR in Martin, Tennessee

How many affordable rental units are in Martin?

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

Federal Program Unit Count
Low Income Housing Tax Credit 176
Section 8 Project-Based Rental Assistance 187
Section 202 Supportive Housing for the Elderly 40
Tracked Units by Federal Program in Martin, Tennessee

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

Income Based Apartments in Martin, Tennessee

Martin features 378 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 Martin, Tennessee

There are 144 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Martin.

Housing Choice Vouchers in Martin, Tennessee

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.