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

Discover affordable housing in Tennessee where there are 750+ 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.

Forest Bend Townhomes

501 Forest Park Road, Nashville, Tennessee 37115

Villas at Metro

469 Ponder Pl, Nashville, Tennessee 37228

The Residences at Gallatin

199 Albright Farms Dr., Gallatin, Tennessee 37072

Gallatin Park Apartments

271 Albert Gallatin Avenue, Gallatin, Tennessee 37066

Uptown Flat

645 North Main, Memphis, Tennessee 38107

Patterson Flats

250 GE Patterson, Memphis, Tennessee 38106

Pointe at Eastdale

2011 Bradyville Pike, Murfreesboro, Tennessee 37130

Walter's Ridge Apartments

578 Housley Street, Morristown, Tennessee 37814

The Vinings at Greencastle

2675 Wilson Rd, Clarksville, Tennessee 37043

Grove at Kendal

100 Grove Lane, White House, Tennessee 37188

Laurelwood - A Senior Community

513 S. Hill Street, Morristown, Tennessee 37813

Blue Ridge Landing

118 Chilhowee Cir, Benton, Tennessee 37307

Saints Court Apartments

994 N. Watkins St., Memphis, Tennessee 38107

Memphis Towers

1081 Court Ave, Memphis, Tennessee 38109

Robinhood Park Apartments

3717 Robin Park Circle, Memphis, Tennessee 38111

Hunter Hill Apartments

20 Hunter Hill Dr, Savannah, Tennessee 38372

Tazewell Village

808 Majestic Way, New Tazewell, Tennessee 37825

Westside Manor Apartments

411 West End Avenue, Mcminnville, Tennessee 37110

Hope Heights

383 Madison Ave, Memphis, Tennessee 38103

Bradley Place Apartments

435 Kile Ln SW, Cleveland, Tennessee 37311

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Tennessee
$24.58/hour
$17.33 (+239%) more than Tennessee minimum wage and $17.33 (+239%) more than the Federal minimum wage.
Learn More About Tennessee Affordable Housing ↓

How many renters live in Tennessee?

The State of Tennessee has 42,228 people living in 16,416 households.

There are 6,928 renters living in 3,024 renter households in this State. Renters make up 16.41 percent of the population living in Tennessee.

What is the rental market like in Tennessee?

There are an estimated 17,772 housing units in the Tennessee area. Of these, 3,175 units are rental homes, making up 18 percent of the housing market. For every renter household in Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Tennessee?

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

Occupied Rental Units by Size in Tennessee
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
116 320 822 1,297 388
Occupied Rental Units by Size in Tennessee

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

Among renter households in this market, 39 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 many units are rented at Fair Market Rent (FMR) in Tennessee?

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 73 63 percent
One BR 285 89 percent
Two BR 657 80 percent
Rental Units Below FMR in Tennessee

How many affordable rental units are in Tennessee?

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

Federal Program Unit Count
Low Income Housing Tax Credit 190
Section 8 Project-Based Rental Assistance 277
USDA Section 515 Rural Rental Housing 296
Tracked Units by Federal Program in Tennessee

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

Income Based Apartments in Tennessee

Tennessee features 77,199 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 Tennessee

There are 49,795 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tennessee.

Housing Choice Vouchers in Tennessee

On average, Section 8 Housing Choice vouchers pay Tennessee landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Tennessee.

The maximum amount a voucher would pay on behalf of a low-income tenant in Tennessee for a two-bedroom apartment is between $1,168 and $1,428.

Sourced from federal housing data and AffordableHousingOnline.com research.