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

Discover affordable housing in Newport where there are 14+ 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.

Blue Ridge Apartments

800 Blue Ridge Way, Newport, Tennessee 37821

River Ridge

101 River Ridge Way, Newport, Tennessee 37821

Newport Manor Apartments

299 Dykes St, Newport, Tennessee 37821

River Rest Apartments

330 River Rest Way, Newport, Tennessee 37821

Newport Village Apartments

421 Appalachian Way, Newport, Tennessee 37821

Cocke Estates

100 Elena Ln, Newport, Tennessee 37821

Bicentennial Apartments

425 Bicentennial Way, Newport, Tennessee 37821

Newport Group Home

299 Bailey St, Newport, Tennessee 37821

Newport Terrace Apartments

425 Terrace Way, Newport, Tennessee 37821

Suncrest Apartments

261 Suncrest Way, Newport, Tennessee 37821

Mt View Apartments

270 Senior Way, Newport, Tennessee 37821

Viewmont Apartments

462 Viewmont Circle, Newport, Tennessee

Village East Apts

640 Village Way, Newport, Tennessee

Col. C. T. Rhyne Homes

335 E Broadway, Newport, Tennessee 37821

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

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

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

How many renters live in Newport, Tennessee?

The City of Newport has 6,850 people living in 2,862 households.

There are 2,585 renters living in 1,341 renter households in this City. Renters make up 37.74 percent of the population living in Newport.

What is the rental market like in Newport, Tennessee?

There are an estimated 3,531 housing units in the Newport area. Of these, 1,438 units are rental homes, making up 41 percent of the housing market. For every renter household in Newport, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Newport?

The rental vacancy rate in Newport is 7 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 Newport for each bedroom size?

Occupied Rental Units by Size in Newport
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
28 180 836 246 42
Occupied Rental Units by Size in Newport

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

Among renter households in this market, 49 percent have housing cost burden. Further, 30 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 Newport

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $651 to $1,160. 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 $1,156
Four BR $1,160
2024 Fair Market Rents in Newport, Tennessee

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

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 22 79 percent
One BR 152 84 percent
Two BR 536 64 percent
Rental Units Below FMR in Newport, Tennessee

How many affordable rental units are in Newport?

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

Federal Program Unit Count
Low Income Housing Tax Credit 203
Public Housing 400
Section 8 Project-Based Rental Assistance 143
USDA Section 515 Rural Rental Housing 198
Tracked Units by Federal Program in Newport, Tennessee

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

Income Based Apartments in Newport, Tennessee

Newport features 427 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 Newport, Tennessee

There are 121 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newport.

Housing Choice Vouchers in Newport, Tennessee

On average, Section 8 Housing Choice vouchers pay Newport landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Newport.

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

Sourced from federal housing data and AffordableHousingOnline.com research.