Low Income Apartments and Affordable Housing For Rent in Oak Ridge, TN

Discover affordable housing in Oak Ridge where there are 13+ 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.

Kareday Terrace Apartments

99 Wilberforce Ave, Oak Ridge, Tennessee 37830

Frank Callaghan Towers

115 Fairbanks Rd, Oak Ridge, Tennessee 37830

Hallmark at Oak Ridge

500 Tuskegee Dr, Oak Ridge, Tennessee 37830

Teller Village Apartments

100 Teejay Dr, Oak Ridge, Tennessee 37830

Mckenzie Acres

100 Utica Cir, Oak Ridge, Tennessee 37830

Auburn Hills

180 Tusculum Dr, Oak Ridge, Tennessee 37830

Robertsville Apartments

412 Jefferson Terminal Rd, Oak Ridge, Tennessee 37830

Tiffin Home

111 Tiffin Dr, Oak Ridge, Tennessee 37830

Rds

101 Livingston Rd, Oak Ridge, Tennessee 37830

Hamilton Place

153 Hamilton Cir, Oak Ridge, Tennessee 37830

Royce Hill Towns and Gardens

289 Royce Cir, Oak Ridge, Tennessee 37830

DOGWOOD MANOR

95 ADAMS LN, Oak Ridge, Tennessee 37830

Oak Ridge Ha

13 Joel Ln, Oak Ridge, Tennessee 37830

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Oak Ridge, Tennessee
$23.13/hour
$15.88 (+219%) more than Tennessee minimum wage and $15.88 (+219%) more than the Federal minimum wage.
Learn More About Oak Ridge, Tennessee Affordable Housing ↓

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

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

How many renters live in Oak Ridge, Tennessee?

The City of Oak Ridge has 31,535 people living in 13,071 households.

There are 10,259 renters living in 4,767 renter households in this City. Renters make up 32.53 percent of the population living in Oak Ridge.

What is the rental market like in Oak Ridge, Tennessee?

There are an estimated 14,930 housing units in the Oak Ridge area. Of these, 5,164 units are rental homes, making up 35 percent of the housing market. For every renter household in Oak Ridge, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Oak Ridge?

The rental vacancy rate in Oak Ridge is 4 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 Oak Ridge for each bedroom size?

Occupied Rental Units by Size in Oak Ridge
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
31 1,176 2,054 1,295 189
Occupied Rental Units by Size in Oak Ridge

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

Among renter households in this market, 36 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 Much Is Rent in Oak Ridge

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $985 to $1,833. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $985
One BR $1,000
Two BR $1,221
Three BR $1,578
Four BR $1,833
2024 Fair Market Rents in Oak Ridge, Tennessee

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

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 21 68 percent
One BR 745 63 percent
Two BR 1,469 72 percent
Rental Units Below FMR in Oak Ridge, Tennessee

How many affordable rental units are in Oak Ridge?

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

Federal Program Unit Count
Low Income Housing Tax Credit 280
Public Housing 127
Section 8 Project-Based Rental Assistance 262
Section 202 Supportive Housing for the Elderly 61
Section 811 Supportive Housing for Persons with Disabilities 26
Tracked Units by Federal Program in Oak Ridge, Tennessee

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

Income Based Apartments in Oak Ridge, Tennessee

Oak Ridge features 497 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 Oak Ridge, Tennessee

There are 224 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oak Ridge.

Housing Choice Vouchers in Oak Ridge, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Oak Ridge, Tennessee for a two-bedroom apartment is between $1,099 and $1,343.

Sourced from federal housing data and AffordableHousingOnline.com research.