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

Discover affordable housing in Rhea County where there are 10+ 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.

Hidden Valley II

501 Hidden Valley Rd, Dayton, Tennessee 37321

Emerald Pointe Apartments

134 Emerald Pointe Ln, Dayton, Tennessee 37321

Cherry Hill Apartments

140 Cherry Hill Ln, Spring City, Tennessee 37381

Autumn Ridge Apartments

116 Autumn Ridge Ct, Spring City, Tennessee 37381

Rhea County New Development

123 Hattie Ln, Spring City, Tennessee 37381

Kentucky Avenue Apartments

126 Kentucky Ave, Dayton, Tennessee 37321

We Care Byrd Rd Apartments

Byrd Rd, Dayton, Tennessee 37321

Taylor Hills Arnold Place

161 Barnard Cir, Dayton, Tennessee 37321

Hattie Ln

Hattie Ln, Spring City, Tennessee 37381

Valleyview Apartments

455 Cemetery Rd, Spring City, Tennessee 37381

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 Rhea County, Tennessee
$16.31/hour
$9.06 (+125%) more than Tennessee minimum wage and $9.06 (+125%) more than the Federal minimum wage.
Learn More About Rhea County, Tennessee Affordable Housing ↓

How many renters live in Rhea County, Tennessee?

The County of Rhea County has 33,031 people living in 12,744 households.

There are 8,758 renters living in 3,379 renter households in this County. Renters make up 26.51 percent of the population living in Rhea County.

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

There are an estimated 15,175 housing units in the Rhea County area. Of these, 3,616 units are rental homes, making up 24 percent of the housing market. For every renter household in Rhea County, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Rhea County?

The rental vacancy rate in Rhea County is 3 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 Rhea County for each bedroom size?

Occupied Rental Units by Size in Rhea County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
57 273 1,515 1,220 266
Occupied Rental Units by Size in Rhea County

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

Among renter households in this market, 25 percent have housing cost burden. Further, 10 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 Rhea County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $651 to $1,147. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $651
One BR $655
Two BR $861
Three BR $1,142
Four BR $1,147
2024 Fair Market Rents in Rhea County, Tennessee

How many units are rented at Fair Market Rent (FMR) in Rhea 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 33 58 percent
One BR 175 64 percent
Two BR 844 56 percent
Rental Units Below FMR in Rhea County, Tennessee

How many affordable rental units are in Rhea County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 187
Public Housing 272
Section 8 Project-Based Rental Assistance 2
Section 202 Supportive Housing for the Elderly 29
USDA Section 515 Rural Rental Housing 72
Tracked Units by Federal Program in Rhea County, Tennessee

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

Income Based Apartments in Rhea County, Tennessee

Rhea County features 365 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 Rhea County, Tennessee

There are 265 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rhea County.

Housing Choice Vouchers in Rhea County, Tennessee

On average, Section 8 Housing Choice vouchers pay Rhea County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Rhea County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Rhea County, Tennessee for a two-bedroom apartment is between $775 and $947.

Sourced from federal housing data and AffordableHousingOnline.com research.