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

Discover affordable housing in Ripley where there are 7+ 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 Forest Apartments

223 Kellar Ave, Ripley, Tennessee 38063

Ripley Terrace Apartment

219 Volz Rd, Ripley, Tennessee 38063

Ripley Meadows Apartments

271 Gay St, Ripley, Tennessee 38063

Ripley Meadows First Addition

249 Gay Street Ext, Ripley, Tennessee 38063

Lauderdale Homes ( Aka Autumn Hills )

25 Geoffrey Ave, Ripley, Tennessee 38063

Chapel Ridge at Ripley

449 Robeson St, Ripley, Tennessee 38063

148 Chapel Cir

148 Chapel Cir, Ripley, Tennessee 38063

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ripley, 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 Ripley, Tennessee Affordable Housing ↓

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

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

How many renters live in Ripley, Tennessee?

The City of Ripley has 7,794 people living in 2,873 households.

There are 4,400 renters living in 1,574 renter households in this City. Renters make up 56.45 percent of the population living in Ripley.

What is the rental market like in Ripley, Tennessee?

There are an estimated 3,454 housing units in the Ripley area. Of these, 1,724 units are rental homes, making up 50 percent of the housing market. For every renter household in Ripley, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Ripley?

The rental vacancy rate in Ripley is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Ripley for each bedroom size?

Occupied Rental Units by Size in Ripley
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
52 293 487 532 175
Occupied Rental Units by Size in Ripley

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

Among renter households in this market, 48 percent have housing cost burden. Further, 28 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 Ripley

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $651 to $1,376. 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 $1,130
Four BR $1,376
2024 Fair Market Rents in Ripley, Tennessee

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

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 26 50 percent
One BR 204 70 percent
Two BR 361 74 percent
Rental Units Below FMR in Ripley, Tennessee

How many affordable rental units are in Ripley?

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

Federal Program Unit Count
Low Income Housing Tax Credit 262
Section 8 Project-Based Rental Assistance 360
USDA Section 515 Rural Rental Housing 96
Tracked Units by Federal Program in Ripley, Tennessee

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

Income Based Apartments in Ripley, Tennessee

Ripley features 422 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 Ripley, Tennessee

There are 174 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ripley.

Housing Choice Vouchers in Ripley, Tennessee

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.