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

Discover affordable housing in Waynesboro where there are 5+ 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.

Willowbrook Apartments

49 Willowbrook Dr, Waynesboro, Tennessee 38485

Waynesboro Village Apartments

111 Vaughn St, Waynesboro, Tennessee 38485

Grandview Apartments

216 Grandview Dr, Waynesboro, Tennessee 38485

Spring Valley Apartments

109 Spring Valley Ct, Waynesboro, Tennessee 38485

Waynesboro Colonial CO Landura Mgmt

329 Highway 64 W, Waynesboro, Tennessee 38485

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

What HUD offices serve Waynesboro, 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 Waynesboro, Tennessee.

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

How many renters live in Waynesboro, Tennessee?

The City of Waynesboro has 2,379 people living in 881 households.

There are 765 renters living in 423 renter households in this City. Renters make up 32.16 percent of the population living in Waynesboro.

What is the rental market like in Waynesboro, Tennessee?

There are an estimated 1,175 housing units in the Waynesboro area. Of these, 445 units are rental homes, making up 38 percent of the housing market. For every renter household in Waynesboro, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Waynesboro?

The rental vacancy rate in Waynesboro is 5 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 Waynesboro for each bedroom size?

Occupied Rental Units by Size in Waynesboro
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
43 166 113 88 6
Occupied Rental Units by Size in Waynesboro

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

Among renter households in this market, 61 percent have housing cost burden. Further, 23 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 Waynesboro

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $651 to $1,147. 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 $1,043
Four BR $1,147
2024 Fair Market Rents in Waynesboro, Tennessee

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

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 24 56 percent
One BR 158 95 percent
Two BR 84 74 percent
Rental Units Below FMR in Waynesboro, Tennessee

How many affordable rental units are in Waynesboro?

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

Federal Program Unit Count
Low Income Housing Tax Credit 96
Section 202 Supportive Housing for the Elderly 19
Section 811 Supportive Housing for Persons with Disabilities 14
USDA Section 515 Rural Rental Housing 68
Tracked Units by Federal Program in Waynesboro, Tennessee

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

Income Based Apartments in Waynesboro, Tennessee

Waynesboro features 151 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 Waynesboro, Tennessee

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

Housing Choice Vouchers in Waynesboro, Tennessee

On average, Section 8 Housing Choice vouchers pay Waynesboro landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Waynesboro.

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

Sourced from federal housing data and AffordableHousingOnline.com research.