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

Discover affordable housing in Maynardville 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.

Bicentennial Apartments

306 Main St, Maynardville, Tennessee 37807

Bicentennial Apartments

PO Box 21, Maynardville, Tennessee 37807

Stone Gate Apartments

126 Prospect Rd, Maynardville, Tennessee 37807

Cedars Apartments

264 Main Street, Maynardville, Tennessee 37807

Bull Run Creek Apartments

1330 Main St, Maynardville, Tennessee 37807

Maynard Ltd

RR 4 Box 432, Maynardville, Tennessee 37807

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

What HUD offices serve Maynardville, 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 Maynardville, Tennessee.

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

How many renters live in Maynardville, Tennessee?

The City of Maynardville has 2,455 people living in 1,038 households.

There are 832 renters living in 374 renter households in this City. Renters make up 33.89 percent of the population living in Maynardville.

What is the rental market like in Maynardville, Tennessee?

There are an estimated 1,238 housing units in the Maynardville area. Of these, 452 units are rental homes, making up 37 percent of the housing market. For every renter household in Maynardville, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Maynardville?

The rental vacancy rate in Maynardville is 14 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Maynardville for each bedroom size?

Occupied Rental Units by Size in Maynardville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 81 106 166 21
Occupied Rental Units by Size in Maynardville

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

Among renter households in this market, 41 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 Maynardville

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 Maynardville, Tennessee

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

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 86 percent
Two BR 97 92 percent
Rental Units Below FMR in Maynardville, Tennessee

How many affordable rental units are in Maynardville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 177
Section 8 Project-Based Rental Assistance 1
USDA Section 515 Rural Rental Housing 97
Tracked Units by Federal Program in Maynardville, Tennessee

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

Income Based Apartments in Maynardville, Tennessee

Maynardville features 97 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 Maynardville, Tennessee

There are 142 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Maynardville.

Housing Choice Vouchers in Maynardville, Tennessee

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.