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

Discover affordable housing in Tiptonville where there are 8+ 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.

Lake Ridge Apartments

900 Vaughn Dr, Tiptonville, Tennessee 38079

Lake Point Apartments

1775 Vaughn Dr, Tiptonville, Tennessee 38079

Colonial House Apartments

1131 Vaughn Dr. , Tiptonville, Tennessee 38079

Tiptonville Apartments

524 Cherry St, Tiptonville, Tennessee 38079

Tiptonville Meadows Apartments

550 Moss St, Tiptonville, Tennessee 38079

Oakhaven Apartments

927 Dixon St, Tiptonville, Tennessee 38079

Wesley Apartments

1155 Reelfoot St, Tiptonville, Tennessee 38079

Carey Counseling Tiptonville

Cherry St, Tiptonville, Tennessee 38079

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

What HUD offices serve Tiptonville, 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 Tiptonville, Tennessee.

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

How many renters live in Tiptonville, Tennessee?

The City of Tiptonville has 3,832 people living in 936 households.

There are 977 renters living in 568 renter households in this City. Renters make up 25.5 percent of the population living in Tiptonville.

What is the rental market like in Tiptonville, Tennessee?

There are an estimated 1,131 housing units in the Tiptonville area. Of these, 638 units are rental homes, making up 56 percent of the housing market. For every renter household in Tiptonville, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Tiptonville?

The rental vacancy rate in Tiptonville is 8 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 Tiptonville for each bedroom size?

Occupied Rental Units by Size in Tiptonville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 217 152 170 21
Occupied Rental Units by Size in Tiptonville

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

Among renter households in this market, 35 percent have housing cost burden. Further, 16 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 Tiptonville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $690 to $1,209. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $690
One BR $694
Two BR $861
Three BR $1,118
Four BR $1,209
2024 Fair Market Rents in Tiptonville, Tennessee

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

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 6 75 percent
One BR 217 100 percent
Two BR 101 66 percent
Rental Units Below FMR in Tiptonville, Tennessee

How many affordable rental units are in Tiptonville?

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

Federal Program Unit Count
Low Income Housing Tax Credit 116
Section 8 Project-Based Rental Assistance 133
USDA Section 515 Rural Rental Housing 144
Tracked Units by Federal Program in Tiptonville, Tennessee

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

Income Based Apartments in Tiptonville, Tennessee

Tiptonville features 280 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 Tiptonville, Tennessee

There are 5 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tiptonville.

Housing Choice Vouchers in Tiptonville, Tennessee

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.