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

Discover affordable housing in Sweetwater 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.

Gardens of Wood Village

520 Old Highway 68, Sweetwater, Tennessee 37874

Sequoyah Trail Apartments

733 New Highway 68, Sweetwater, Tennessee 37874

West Hills Apartments

900 W Hills Dr, Sweetwater, Tennessee 37874

Cross Creek Apartments

1205 New Highway 68, Sweetwater, Tennessee 37874

Monroe Ridge

700 Telford Rd, Sweetwater, Tennessee 37874

Dogwood Terrace II

119 Dogwood Terrace Blvd, Sweetwater, Tennessee 37874

Sweetwater Ha

1 Valley View Village Dr, Sweetwater, Tennessee 37874

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 Sweetwater, 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 Sweetwater, Tennessee Affordable Housing ↓

What HUD offices serve Sweetwater, 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), Public Housing programs for Sweetwater, Tennessee.

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

How many renters live in Sweetwater, Tennessee?

The City of Sweetwater has 6,310 people living in 2,762 households.

There are 2,455 renters living in 1,336 renter households in this City. Renters make up 38.91 percent of the population living in Sweetwater.

What is the rental market like in Sweetwater, Tennessee?

There are an estimated 3,020 housing units in the Sweetwater area. Of these, 1,378 units are rental homes, making up 46 percent of the housing market. For every renter household in Sweetwater, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Sweetwater?

The rental vacancy rate in Sweetwater 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 Sweetwater for each bedroom size?

Occupied Rental Units by Size in Sweetwater
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
42 377 543 316 45
Occupied Rental Units by Size in Sweetwater

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

Among renter households in this market, 50 percent have housing cost burden. Further, 13 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 Sweetwater

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $719 to $1,265. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $719
One BR $813
Two BR $950
Three BR $1,234
Four BR $1,265
2024 Fair Market Rents in Sweetwater, Tennessee

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

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 0 100 percent
One BR 300 80 percent
Two BR 485 89 percent
Rental Units Below FMR in Sweetwater, Tennessee

How many affordable rental units are in Sweetwater?

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

Federal Program Unit Count
Low Income Housing Tax Credit 72
Section 8 Project-Based Rental Assistance 120
USDA Section 515 Rural Rental Housing 48
Tracked Units by Federal Program in Sweetwater, Tennessee

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

Income Based Apartments in Sweetwater, Tennessee

Sweetwater features 331 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 Sweetwater, Tennessee

There are 96 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sweetwater.

Housing Choice Vouchers in Sweetwater, Tennessee

On average, Section 8 Housing Choice vouchers pay Sweetwater landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Sweetwater.

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

Sourced from federal housing data and AffordableHousingOnline.com research.