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

Discover affordable housing in Woodbury 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.

South Ridge Apartments

100 S Ridge Dr, Woodbury, Tennessee 37190

Hilltop Manor

147 Sunny Slope Rd, Woodbury, Tennessee 37190

Stage Road Apartments

101 Stage Rd, Woodbury, Tennessee 37190

Holiday House

310 S Dillon St, Woodbury, Tennessee

Crosshill Village

811 S McCrary St, Woodbury, Tennessee 37190

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Woodbury, Tennessee
$30.66/hour
$23.41 (+323%) more than Tennessee minimum wage and $23.41 (+323%) more than the Federal minimum wage.
Learn More About Woodbury, Tennessee Affordable Housing ↓

What HUD offices serve Woodbury, 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 Public Housing programs for Woodbury, Tennessee.
Operates the Section 8 Housing Choice Voucher (HCV), Family Self-Sufficiency, Mainstream Voucher, Homeownership programs for Woodbury, Tennessee.

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

How many renters live in Woodbury, Tennessee?

The City of Woodbury has 2,704 people living in 1,007 households.

There are 1,354 renters living in 516 renter households in this City. Renters make up 50.07 percent of the population living in Woodbury.

What is the rental market like in Woodbury, Tennessee?

There are an estimated 1,073 housing units in the Woodbury area. Of these, 529 units are rental homes, making up 49 percent of the housing market. For every renter household in Woodbury, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Woodbury?

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

Occupied Rental Units by Size in Woodbury
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
18 77 243 178 0
Occupied Rental Units by Size in Woodbury

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

Among renter households in this market, 21 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 Woodbury

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,404 to $2,482. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,404
One BR $1,442
Two BR $1,619
Three BR $2,035
Four BR $2,482
2024 Fair Market Rents in Woodbury, Tennessee

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

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 15 83 percent
One BR 77 100 percent
Two BR 215 88 percent
Rental Units Below FMR in Woodbury, Tennessee

How many affordable rental units are in Woodbury?

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

Federal Program Unit Count
Low Income Housing Tax Credit 75
Public Housing 100
Section 202 Supportive Housing for the Elderly 18
USDA Section 515 Rural Rental Housing 134
Tracked Units by Federal Program in Woodbury, Tennessee

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

Income Based Apartments in Woodbury, Tennessee

Woodbury features 233 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 Woodbury, Tennessee

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

Housing Choice Vouchers in Woodbury, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Woodbury, Tennessee for a two-bedroom apartment is between $1,457 and $1,781.

Sourced from federal housing data and AffordableHousingOnline.com research.