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

Discover affordable housing in Cherokee 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.

Spring Creek Apartments

200 Johnson Dr, Cherokee, Alabama 35616

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cherokee, Alabama
$17.80/hour
$10.55 (+146%) more than Alabama minimum wage and $10.55 (+146%) more than the Federal minimum wage.
Learn More About Cherokee, Alabama Affordable Housing ↓

How many renters live in Cherokee, Alabama?

The City of Cherokee has 890 people living in 357 households.

There are 283 renters living in 94 renter households in this City. Renters make up 31.8 percent of the population living in Cherokee.

What is the rental market like in Cherokee, Alabama?

There are an estimated 411 housing units in the Cherokee area. Of these, 110 units are rental homes, making up 27 percent of the housing market. For every renter household in Cherokee, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Cherokee?

The rental vacancy rate in Cherokee is 15 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 Cherokee for each bedroom size?

Occupied Rental Units by Size in Cherokee
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 8 31 49 6
Occupied Rental Units by Size in Cherokee

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

Among renter households in this market, 46 percent have housing cost burden. Further, 11 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 Cherokee

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $664 to $1,425. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $664
One BR $720
Two BR $940
Three BR $1,157
Four BR $1,425
2024 Fair Market Rents in Cherokee, Alabama

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

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 4 50 percent
Two BR 22 71 percent
Rental Units Below FMR in Cherokee, Alabama

How many affordable rental units are in Cherokee?

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

Federal Program Unit Count
Low Income Housing Tax Credit 24
USDA Section 515 Rural Rental Housing 24
Tracked Units by Federal Program in Cherokee, Alabama

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

Income Based Apartments in Cherokee, Alabama

Cherokee 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 Cherokee, Alabama

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

Housing Choice Vouchers in Cherokee, Alabama

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cherokee, Alabama for a two-bedroom apartment is between $846 and $1,034.

Sourced from federal housing data and AffordableHousingOnline.com research.