Low Income Apartments and Affordable Housing For Rent in Chatom, AL

Discover affordable housing in Chatom where there are 4+ 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.

Westgate Apartments

82 East Central Ave, Chatom, Alabama 36518

bed 1-2

Megan Manor

225 Bay Ave, Chatom, Alabama 36518

bed 2-3

Sunrise Apartments of Chatom

120 Cochran Avenue, Chatom, Alabama 36518

bed 1-3
payment $515-575/mo.

Chatom Apartments

16 Cochran Ave, Chatom, Alabama 0

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Chatom, Alabama

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Chatom, Alabama
$18.22/hour
$10.97 (+151%) more than Alabama minimum wage and $10.97 (+151%) more than the Federal minimum wage.
Learn More About Chatom, Alabama Affordable Housing ↓

What HUD offices serve Chatom, Alabama?

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 Chatom, Alabama.

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

How many renters live in Chatom, Alabama?

The City of Chatom has people living in households.

There are renters living in renter households in this City. Renters make up 22.93 percent of the population living in Chatom.

What is the rental market like in Chatom, Alabama?

There are an estimated housing units in the Chatom area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Chatom, Alabama, there are 1.11 rental units.

What is the vacancy rate for rentals in Chatom?

The rental vacancy rate in Chatom is 10 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 Chatom for each bedroom size?

Occupied Rental Units by Size in Chatom
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 13 34 37 0
Occupied Rental Units by Size in Chatom

A large number of apartments in Chatom have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Chatom

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $713 to $1,302. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $713
One BR $785
Two BR $962
Three BR $1,163
Four BR $1,302
2024 Fair Market Rents in Chatom, Alabama

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

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 13 100 percent
Two BR 34 100 percent
Rental Units Below FMR in Chatom, Alabama

How many affordable rental units are in Chatom?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Chatom, Alabama

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

Income Based Apartments in Chatom, Alabama

Chatom features 78 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 Chatom, Alabama

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chatom.

Housing Choice Vouchers in Chatom, Alabama

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Chatom, Alabama for a two-bedroom apartment is between $866 and $1,058.

Sourced from federal housing data and AffordableHousingOnline.com research.