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

Discover affordable housing in Monroe County where there are 21+ 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.

Cumberland View Towers

1201 Cheyenne Blvd, Madisonville, Tennessee 37115

Charter Village Apartments

333 Rio Vista Dr, Madisonville, Tennessee 37115

The Briarville

600 Creative Way, Madisonville, Tennessee 37115

808 at Skyline Ridge

808 Old Due West Ave, Madisonville, Tennessee 37115

Island Grove

150 Willow Creek Drive, Madisonville, Tennessee 37354

Chippington Towers

94 Berkley Dr, Nashville, Tennessee 37115

October Homes

606 N DuPont Ave, Nashville, Tennessee 37115

Ridgeway Apartments

255 Ball Play Rd, Madisonville, Tennessee 37354

Nashwood Park Apartments

1040 N DuPont Ave, Nashville, Tennessee 37115

Spring Branch Apartments

1830 Spring Branch Dr, Nashville, Tennessee 37115

Old Saybrook Apartments

529 Isbill Rd, Madisonville, Tennessee 37354

Raintree Apartments

330 Bank St, Tellico Plains, Tennessee 37385

Laurel Place Apartments

121 Helms Drive, Madisonville, Tennessee 37354

Crestview Apartments

128 Van St, Madisonville, Tennessee 37354

Pedigo I Apartments

316 Willow Creek Dr, Madisonville, Tennessee 37354

Pedigo II Apartments

301 Willow Creek Dr, Madisonville, Tennessee 37354

River Retreat Apartments

800 Cheyenne Blvd., Madisonville, Tennessee 37115

Plainsview Apartments

146 Plainsview Dr, Tellico Plains, Tennessee 37385

Cloverleaf Apartments

121 Wayman Rd, Madisonville, Tennessee 37354

Sequoyah Village

359 Tellico St S, Madisonville, Tennessee 37354

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

What HUD offices serve Monroe County, 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 Monroe County, Tennessee.

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

How many renters live in Monroe County, Tennessee?

The County of Monroe County has 46,489 people living in 18,976 households.

There are 11,392 renters living in 5,303 renter households in this County. Renters make up 24.5 percent of the population living in Monroe County.

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

There are an estimated 21,383 housing units in the Monroe County area. Of these, 5,422 units are rental homes, making up 25 percent of the housing market. For every renter household in Monroe County, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Monroe County?

The rental vacancy rate in Monroe 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 Monroe County for each bedroom size?

Occupied Rental Units by Size in Monroe County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
214 836 2,024 1,827 259
Occupied Rental Units by Size in Monroe County

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

Among renter households in this market, 35 percent have housing cost burden. Further, 18 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 Monroe County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $584 to $1,176. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $584
One BR $685
Two BR $861
Three BR $1,153
Four BR $1,176
2024 Fair Market Rents in Monroe County, Tennessee

How many units are rented at Fair Market Rent (FMR) in Monroe 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 167 78 percent
One BR 602 72 percent
Two BR 1,389 69 percent
Rental Units Below FMR in Monroe County, Tennessee

How many affordable rental units are in Monroe County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 273
Public Housing 20
Section 8 Project-Based Rental Assistance 204
Section 202 Supportive Housing for the Elderly 14
Section 811 Supportive Housing for Persons with Disabilities 20
USDA Section 515 Rural Rental Housing 184
Tracked Units by Federal Program in Monroe County, Tennessee

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

Income Based Apartments in Monroe County, Tennessee

Monroe County features 1,067 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 Monroe County, Tennessee

There are 909 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Monroe County.

Housing Choice Vouchers in Monroe County, Tennessee

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.