Low Income Apartments and Affordable Housing For Rent in Putnam County, TN

Discover affordable housing in Putnam County where there are 26+ 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.

Rolling Meadows Apartments

186 Dry Valley Rd, Algood, Tennessee 38506

Highland Manor II

614 N Holly ST, Monterey, Tennessee 38574

Highland Manor Apartments

535 Old Walton Rd, Monterey, Tennessee 38574

Algood Manor Apartments

100 Maddux Rd, Algood, Tennessee 38501

Laurel Creek

580 Cora Rd, Cookeville, Tennessee 38501

Greenwood Place

265 Quinland Lake Road, Algood, Tennessee 38506

Baxter Apartments

296 Highland Ave, Baxter, Tennessee 38544

Terrace Townhomes

1366 Crescent Dr., Cookeville, Tennessee 38501

Hickory Valley Apartments

761 Buffalo Valley, Cookeville, Tennessee 38501

Walnut Village Apartments

201 S Walnut Ave, Cookeville, Tennessee 38501

Garden Grove Apartments

300 Quinland Lake Ct, Cookeville, Tennessee 38506

Broad Way Apartments

10 Broadway Ave., Cookeville, Tennessee 38501

Quinland Ridge

394 4th Avenue, Cookeville, Tennessee 38506

Cane Creek Apartments

2500 W Jackson St, Cookeville, Tennessee 38501

Algood Manor Apartments

100 Maddux Ct, Cookeville, Tennessee 38506

Algood Village

100 Church Ct, Cookeville, Tennessee 38506

Cypress Creek Apartments

600 W 8th St, Cookeville, Tennessee 38501

Baxter Village Apts

120 6th Ave South., Baxter, Tennessee

Huddleston Holladay Sid

606 Pine Ave, Cookeville, Tennessee 38501

Willow Heights

861 Willow Valley Ct, Cookeville, Tennessee 38501

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Putnam County, Tennessee
$18.77/hour
$11.52 (+159%) more than Tennessee minimum wage and $11.52 (+159%) more than the Federal minimum wage.
Learn More About Putnam County, Tennessee Affordable Housing ↓

What HUD offices serve Putnam County, 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), Family Self-Sufficiency, Mainstream Voucher, Homeownership programs for Putnam County, Tennessee.

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

How many renters live in Putnam County, Tennessee?

The County of Putnam County has 82,382 people living in 34,678 households.

There are 29,643 renters living in 13,767 renter households in this County. Renters make up 35.98 percent of the population living in Putnam County.

What is the rental market like in Putnam County, Tennessee?

There are an estimated 35,507 housing units in the Putnam County area. Of these, 13,419 units are rental homes, making up 38 percent of the housing market. For every renter household in Putnam County, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Putnam County?

The rental vacancy rate in Putnam County 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 Putnam County for each bedroom size?

Occupied Rental Units by Size in Putnam County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
490 2,505 5,252 3,857 645
Occupied Rental Units by Size in Putnam County

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

Among renter households in this market, 46 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 Putnam County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $760 to $1,578. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $760
One BR $764
Two BR $991
Three BR $1,368
Four BR $1,578
2024 Fair Market Rents in Putnam County, Tennessee

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

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 362 74 percent
One BR 1,831 73 percent
Two BR 3,760 72 percent
Rental Units Below FMR in Putnam County, Tennessee

How many affordable rental units are in Putnam County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 498
Public Housing 237
Section 8 Project-Based Rental Assistance 368
Section 202 Supportive Housing for the Elderly 33
USDA Section 515 Rural Rental Housing 168
Tracked Units by Federal Program in Putnam County, Tennessee

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

Income Based Apartments in Putnam County, Tennessee

Putnam County features 883 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 Putnam County, Tennessee

There are 597 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Putnam County.

Housing Choice Vouchers in Putnam County, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Putnam County, Tennessee for a two-bedroom apartment is between $892 and $1,090.

Sourced from federal housing data and AffordableHousingOnline.com research.