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

Discover affordable housing in Portland where there are 4+ 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.

Portland Courtyard

101 Portland Courtyard Dr, Portland, Tennessee 37148

Highland Rim Terrace

100 Woodland Dr, Portland, Tennessee 37148

Drakewood Apartments Jch Property

501 Highway 52 E, Portland, Tennessee 37148

307 Oak St

307 Oak St, Portland, Tennessee 37148

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Portland, Tennessee
$30.66/hour
$23.41 (+323%) more than Tennessee minimum wage and $23.41 (+323%) more than the Federal minimum wage.
Learn More About Portland, Tennessee Affordable Housing ↓

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

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

How many renters live in Portland, Tennessee?

The City of Portland has 13,177 people living in 5,059 households.

There are 4,994 renters living in 1,930 renter households in this City. Renters make up 37.9 percent of the population living in Portland.

What is the rental market like in Portland, Tennessee?

There are an estimated 5,407 housing units in the Portland area. Of these, 1,967 units are rental homes, making up 36 percent of the housing market. For every renter household in Portland, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Portland?

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

Occupied Rental Units by Size in Portland
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 166 1,012 675 53
Occupied Rental Units by Size in Portland

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

Among renter households in this market, 50 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 Portland

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,404 to $2,482. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,404
One BR $1,442
Two BR $1,619
Three BR $2,035
Four BR $2,482
2024 Fair Market Rents in Portland, Tennessee

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

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 0 100 percent
One BR 158 95 percent
Two BR 967 96 percent
Rental Units Below FMR in Portland, Tennessee

How many affordable rental units are in Portland?

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

Federal Program Unit Count
Low Income Housing Tax Credit 111
Public Housing 89
Section 8 Project-Based Rental Assistance 52
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Portland, Tennessee

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

Income Based Apartments in Portland, Tennessee

Portland features 220 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 Portland, Tennessee

There are 63 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Portland.

Housing Choice Vouchers in Portland, Tennessee

On average, Section 8 Housing Choice vouchers pay Portland landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Portland.

The maximum amount a voucher would pay on behalf of a low-income tenant in Portland, Tennessee for a two-bedroom apartment is between $1,457 and $1,781.

Sourced from federal housing data and AffordableHousingOnline.com research.