Low Income Apartments and Affordable Housing For Rent in South Fulton, TN

Discover affordable housing in South Fulton where there are 3+ 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.

Eaglewood Estates Apartments

305 Connell Dr, South Fulton, Tennessee 38257

Southside Manor Apartments

722 Broadway St, South Fulton, Tennessee 38257

Kc Home of South Fulton

1105 Parker Rd, South Fulton, Tennessee 38257

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

What HUD offices serve South Fulton, 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 South Fulton, Tennessee.

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

How many renters live in South Fulton, Tennessee?

The City of South Fulton has 2,285 people living in 965 households.

There are 1,130 renters living in 472 renter households in this City. Renters make up 49.45 percent of the population living in South Fulton.

What is the rental market like in South Fulton, Tennessee?

There are an estimated 1,152 housing units in the South Fulton area. Of these, 472 units are rental homes, making up 41 percent of the housing market. For every renter household in South Fulton, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in South Fulton?

The rental vacancy rate in South Fulton is 0 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 South Fulton for each bedroom size?

Occupied Rental Units by Size in South Fulton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
39 49 135 203 40
Occupied Rental Units by Size in South Fulton

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

Among renter households in this market, 44 percent have housing cost burden. Further, 12 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 South Fulton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $717 to $1,147. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $717
One BR $721
Two BR $861
Three BR $1,098
Four BR $1,147
2024 Fair Market Rents in South Fulton, Tennessee

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

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 36 92 percent
One BR 34 69 percent
Two BR 98 73 percent
Rental Units Below FMR in South Fulton, Tennessee

How many affordable rental units are in South Fulton?

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

Federal Program Unit Count
Low Income Housing Tax Credit 106
Section 8 Project-Based Rental Assistance 66
USDA Section 515 Rural Rental Housing 40
Tracked Units by Federal Program in South Fulton, Tennessee

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

Income Based Apartments in South Fulton, Tennessee

South Fulton features 117 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 South Fulton, Tennessee

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

Housing Choice Vouchers in South Fulton, Tennessee

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.