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

Discover affordable housing in Meigs County where there are 3+ 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.

Stevenson Square

160 Meigs Heights Ln, Decatur, Tennessee 37322

Meigs Heights Apartments

166 Meigs Heights Ln, Decatur, Tennessee 37322

Pinewood Apartments

Rt 4 River Rd, Decatur, Tennessee 37322

calendar_today Opened: Apr 8
Open Until Further Notice

Reported On February 23rd, 2024 by Lorena Bentley

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

How many renters live in Meigs County, Tennessee?

The County of Meigs County has 12,839 people living in 5,198 households.

There are 3,264 renters living in 1,218 renter households in this County. Renters make up 25.42 percent of the population living in Meigs County.

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

There are an estimated 6,087 housing units in the Meigs County area. Of these, 1,245 units are rental homes, making up 20 percent of the housing market. For every renter household in Meigs County, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Meigs County?

The rental vacancy rate in Meigs County is 2 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 Meigs County for each bedroom size?

Occupied Rental Units by Size in Meigs County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
21 97 447 568 47
Occupied Rental Units by Size in Meigs County

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

Among renter households in this market, 37 percent have housing cost burden. Further, 20 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 Meigs County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $651 to $1,209. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $651
One BR $655
Two BR $861
Three BR $1,204
Four BR $1,209
2024 Fair Market Rents in Meigs County, Tennessee

How many units are rented at Fair Market Rent (FMR) in Meigs 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 0 100 percent
One BR 72 74 percent
Two BR 168 38 percent
Rental Units Below FMR in Meigs County, Tennessee

How many affordable rental units are in Meigs County?

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

Federal Program Unit Count
Public Housing 55
Section 8 Project-Based Rental Assistance 24
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Meigs County, Tennessee

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

Income Based Apartments in Meigs County, Tennessee

Meigs County features 72 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 Meigs County, Tennessee

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Meigs County.

Housing Choice Vouchers in Meigs County, Tennessee

On average, Section 8 Housing Choice vouchers pay Meigs County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Meigs County.

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

Sourced from federal housing data and AffordableHousingOnline.com research.