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

Discover affordable housing in Elberta where there are 2+ 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.

Hallson Manor

12654 Alabama St, Elberta, Alabama 36530

Sonnenblick Apts.

25298 Us Highway 98, Elberta, Alabama

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Elberta, Alabama
$25.80/hour
$18.55 (+256%) more than Alabama minimum wage and $18.55 (+256%) more than the Federal minimum wage.
Learn More About Elberta, Alabama Affordable Housing ↓

How many renters live in Elberta, Alabama?

The City of Elberta has 2,140 people living in 961 households.

There are 797 renters living in 341 renter households in this City. Renters make up 37.24 percent of the population living in Elberta.

What is the rental market like in Elberta, Alabama?

There are an estimated 1,147 housing units in the Elberta area. Of these, 367 units are rental homes, making up 32 percent of the housing market. For every renter household in Elberta, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Elberta?

The rental vacancy rate in Elberta is 7 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 Elberta for each bedroom size?

Occupied Rental Units by Size in Elberta
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
12 77 171 77 4
Occupied Rental Units by Size in Elberta

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

Among renter households in this market, 39 percent have housing cost burden. Further, 26 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 Elberta

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,051 to $2,114. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,051
One BR $1,056
Two BR $1,362
Three BR $1,670
Four BR $2,114
2024 Fair Market Rents in Elberta, Alabama

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

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 0 100 percent
One BR 63 82 percent
Two BR 154 90 percent
Rental Units Below FMR in Elberta, Alabama

How many affordable rental units are in Elberta?

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

Federal Program Unit Count
Low Income Housing Tax Credit 56
Tracked Units by Federal Program in Elberta, Alabama

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

Income Based Apartments in Elberta, Alabama

Elberta features 0 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 Elberta, Alabama

There are 72 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elberta.

Housing Choice Vouchers in Elberta, Alabama

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Elberta, Alabama for a two-bedroom apartment is between $1,226 and $1,498.

Sourced from federal housing data and AffordableHousingOnline.com research.