Low Income Apartments and Affordable Housing For Rent in Franklin County, AL

Discover affordable housing in Franklin County where there are 19+ 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.

Village Green Apartments

111 Village Green Cir, Red Bay, Alabama 35582

Southwood Gardens

100 Cross Ave Plaza SE, Russellville, Alabama 35653

Ridgecrest Estates

1018 Washington Ave, Russellville, Alabama 35653

Village Square Apartments

100 Village Sq, Russellville, Alabama 35654

Regency Plaza Apartments

100 Regency Plz, Russellville, Alabama 35654

Fifth Court Apartments

502 5th Ct NE, Red Bay, Alabama 35582

Charles Place

908 Village Wood Dr, Russellville, Alabama 35654

Creekstone Apartments

1570 Lawrence St E, Russellville, Alabama 35654

Russell Devilla Apartments

100 Russell Devilla Plz, Russellville, Alabama 35654

Willow Bend Apartments

711 Cross Ave SE, Russellville, Alabama 35653

Stonecrest Apartments

86 Flippen Ave SE, Russellville, Alabama 35653

Windsor Apartments

111 Hospital Rd, Red Bay, Alabama 35582

Fox Ridge Apartments II

200 Foxridge Plz, Russellville, Alabama 35654

Redmont II Apartments

112 Hospital Rd, Red Bay, Alabama 35582

Fox Ridge Apartments I

100 Foxridge Plz, Russellville, Alabama 35654

Campbell Arms II

76 Campbell Arms Cir, Phil Campbell, Alabama 35581

Redwood Apartments

713 Washington Ave, Russellville, Alabama 35653

Stalcup Circle

14 Underwood Cir, Phil Campbell, Alabama 35581

Westside

100 Engle Plz, Russellville, Alabama 35653

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Franklin County, Alabama
$16.23/hour
$8.98 (+124%) more than Alabama minimum wage and $8.98 (+124%) more than the Federal minimum wage.
Learn More About Franklin County, Alabama Affordable Housing ↓

How many renters live in Franklin County, Alabama?

The County of Franklin County has 32,011 people living in 11,239 households.

There are 7,710 renters living in 3,008 renter households in this County. Renters make up 24.09 percent of the population living in Franklin County.

What is the rental market like in Franklin County, Alabama?

There are an estimated 13,940 housing units in the Franklin County area. Of these, 3,306 units are rental homes, making up 24 percent of the housing market. For every renter household in Franklin County, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Franklin County?

The rental vacancy rate in Franklin County is 6 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 Franklin County for each bedroom size?

Occupied Rental Units by Size in Franklin County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
164 344 999 1,347 152
Occupied Rental Units by Size in Franklin County

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

Among renter households in this market, 27 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 Franklin County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $642 to $1,321. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $642
One BR $763
Two BR $857
Three BR $1,042
Four BR $1,321
2024 Fair Market Rents in Franklin County, Alabama

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

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 113 69 percent
One BR 339 99 percent
Two BR 729 73 percent
Rental Units Below FMR in Franklin County, Alabama

How many affordable rental units are in Franklin County?

There are a variety of federal affordable housing programs serving households in Franklin County, Alabama including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 315
Public Housing 463
Section 8 Project-Based Rental Assistance 186
USDA Section 515 Rural Rental Housing 214
Tracked Units by Federal Program in Franklin County, Alabama

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

Income Based Apartments in Franklin County, Alabama

Franklin County features 811 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 Franklin County, Alabama

There are 268 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Franklin County.

Housing Choice Vouchers in Franklin County, Alabama

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Franklin County, Alabama for a two-bedroom apartment is between $771 and $943.

Sourced from federal housing data and AffordableHousingOnline.com research.