Low Income Apartments and Affordable Housing For Rent in Red Boiling Springs, TN

Discover affordable housing in Red Boiling Springs 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.

Spring Tree Villas

142 Kinnebrew Dr, Red Boiling Springs, Tennessee 37150

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Red Boiling Springs, Tennessee
$17.56/hour
$10.31 (+142%) more than Tennessee minimum wage and $10.31 (+142%) more than the Federal minimum wage.
Learn More About Red Boiling Springs, Tennessee Affordable Housing ↓

What HUD offices serve Red Boiling Springs, 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 Red Boiling Springs, Tennessee.

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

How many renters live in Red Boiling Springs, Tennessee?

The City of Red Boiling Springs has 1,347 people living in 407 households.

There are 905 renters living in 257 renter households in this City. Renters make up 67.19 percent of the population living in Red Boiling Springs.

What is the rental market like in Red Boiling Springs, Tennessee?

There are an estimated 461 housing units in the Red Boiling Springs area. Of these, 277 units are rental homes, making up 60 percent of the housing market. For every renter household in Red Boiling Springs, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Red Boiling Springs?

The rental vacancy rate in Red Boiling Springs 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 Red Boiling Springs for each bedroom size?

Occupied Rental Units by Size in Red Boiling Springs
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 49 102 82 24
Occupied Rental Units by Size in Red Boiling Springs

A large number of apartments in Red Boiling Springs 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 Red Boiling Springs are overburdened by housing costs?

Among renter households in this market, 33 percent have housing cost burden. Further, 17 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 Red Boiling Springs

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $789 to $1,404. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $789
One BR $794
Two BR $927
Three BR $1,185
Four BR $1,404
2024 Fair Market Rents in Red Boiling Springs, Tennessee

How many units are rented at Fair Market Rent (FMR) in Red Boiling Springs?

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 21 43 percent
Two BR 71 70 percent
Rental Units Below FMR in Red Boiling Springs, Tennessee

How many affordable rental units are in Red Boiling Springs?

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

Federal Program Unit Count
Low Income Housing Tax Credit 46
Public Housing 31
USDA Section 515 Rural Rental Housing 47
Tracked Units by Federal Program in Red Boiling Springs, Tennessee

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

Income Based Apartments in Red Boiling Springs, Tennessee

Red Boiling Springs features 47 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 Red Boiling Springs, Tennessee

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

Housing Choice Vouchers in Red Boiling Springs, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Red Boiling Springs, Tennessee for a two-bedroom apartment is between $834 and $1,020.

Sourced from federal housing data and AffordableHousingOnline.com research.