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

Discover affordable housing in Niota where there are 1+ 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.

Ridgeview Apt

312 E. Farrell Street, Niota, Tennessee

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 Niota, Tennessee
$17.99/hour
$10.74 (+148%) more than Tennessee minimum wage and $10.74 (+148%) more than the Federal minimum wage.
Learn More About Niota, Tennessee Affordable Housing ↓

How many renters live in Niota, Tennessee?

The City of Niota has 705 people living in 316 households.

There are 281 renters living in 92 renter households in this City. Renters make up 39.86 percent of the population living in Niota.

What is the rental market like in Niota, Tennessee?

There are an estimated 360 housing units in the Niota area. Of these, 102 units are rental homes, making up 28 percent of the housing market. For every renter household in Niota, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Niota?

The rental vacancy rate in Niota is 10 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 Niota for each bedroom size?

Occupied Rental Units by Size in Niota
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 4 39 33 11
Occupied Rental Units by Size in Niota

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

Among renter households in this market, 54 percent have housing cost burden. Further, 14 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 Niota

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $719 to $1,265. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $719
One BR $813
Two BR $950
Three BR $1,234
Four BR $1,265
2024 Fair Market Rents in Niota, Tennessee

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

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 4 100 percent
Two BR 24 62 percent
Rental Units Below FMR in Niota, Tennessee

How many affordable rental units are in Niota?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Niota, Tennessee

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

Income Based Apartments in Niota, Tennessee

Niota features 24 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 Niota, Tennessee

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

Housing Choice Vouchers in Niota, Tennessee

On average, Section 8 Housing Choice vouchers pay Niota landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Niota.

The maximum amount a voucher would pay on behalf of a low-income tenant in Niota, Tennessee for a two-bedroom apartment is between $855 and $1,045.

Sourced from federal housing data and AffordableHousingOnline.com research.