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

Discover affordable housing in Vonore where there are 1+ 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.

Springbrook Apartments

216 Avecor Dr, Vonore, Tennessee 37885

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

What HUD offices serve Vonore, 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 Vonore, Tennessee.

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

How many renters live in Vonore, Tennessee?

The City of Vonore has 1,730 people living in 767 households.

There are 813 renters living in 368 renter households in this City. Renters make up 46.99 percent of the population living in Vonore.

What is the rental market like in Vonore, Tennessee?

There are an estimated 829 housing units in the Vonore area. Of these, 377 units are rental homes, making up 45 percent of the housing market. For every renter household in Vonore, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Vonore?

The rental vacancy rate in Vonore is 2 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 Vonore for each bedroom size?

Occupied Rental Units by Size in Vonore
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 49 179 129 11
Occupied Rental Units by Size in Vonore

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

Among renter households in this market, 38 percent have housing cost burden. Further, 29 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 Vonore

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $584 to $1,176. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $584
One BR $685
Two BR $861
Three BR $1,153
Four BR $1,176
2024 Fair Market Rents in Vonore, Tennessee

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

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
One BR 44 90 percent
Two BR 67 37 percent
Rental Units Below FMR in Vonore, Tennessee

How many affordable rental units are in Vonore?

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

Federal Program Unit Count
Low Income Housing Tax Credit 92
Section 8 Project-Based Rental Assistance 5
Tracked Units by Federal Program in Vonore, Tennessee

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

Income Based Apartments in Vonore, Tennessee

Vonore features 24 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 Vonore, Tennessee

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

Housing Choice Vouchers in Vonore, Tennessee

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.