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Affordable Housing In Franklin County
Alabama

18 Low Income Apartment Communities In Franklin County

Village Green Apartments

111 Village Green Cir
Red Bay, Alabama
Income Based
1 BR
Subsidized

Fifth Court Apartments

502 5th Ct NE
Red Bay, Alabama
Income Based
1-5 BR

Regency Plaza Apartments

100 Regency Plz
Russellville, Alabama
Subsidized

Village Square Apartments

100 Village Sq
Russellville, Alabama
Subsidized

Southwood Gardens

100 Cross Ave Plaza SE
Russellville, Alabama
Subsidized

Redwood Apartments

713 Washington Ave
Russellville, Alabama

Russell Devilla Apartments

100 Russell Devilla Plz
Russellville, Alabama
Subsidized

Willow Bend Apartments

711 Cross Ave SE
Russellville, Alabama

Campbell Arms II

76 Campbell Arms Cir
Phil Campbell, Alabama
Subsidized

Windsor Apartments

111 Hospital Rd
Red Bay, Alabama

Guide To Affordable Housing in Franklin County, Alabama

There are 18 low income housing apartment communities offering 1,106 affordable apartments for rent in Franklin County, Alabama.

Income Based Apartments in Franklin County, Alabama

Franklin County features 862 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 244 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 $571 and $697.

2021 Franklin County, Alabama Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Franklin County, Alabama Fair Market Rent $479 $539 $634 $796 $1,043
Franklin County, Alabama Payment Standard Range $431 to $527 $485 to $593 $571 to $697 $716 to $876 $939 to $1,147

Sourced from federal housing data and AffordableHousingOnline.com research.

Franklin County, AL Affordable Housing Snapshot

Total Affordable Apartment Properties 18
Total Low Income Apartments 1,106
Total Housing Units with Rental Assistance 862
Percentage of Housing Units Occupied By Renters 32.41%
Average Renter Household Size 2.82
Average Household Size 2.62
Median Household Income $35,372 ±$2,437
Median Rent $534 ±$26
Percentage Of Renters Overburdened 31.6% ± 6.46pp
Total Population 31,634

Population and Household Demographics

Franklin County is a county in Alabama with a population of 31,634. There are 11,980 households in the county with an average household size of 2.62 persons. 32.41% of households in Franklin County are renters.

Income and Rent Overburden in Franklin County

The median gross income for households in Franklin County is $35,372 a year, or $2,948 a month. The median rent for the county is $534 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Franklin County, a household making less than $1,780 a month would be considered overburdened when renting an apartment at or above the median rent. 31.6% of households who rent are overburdened in Franklin County.

Area Median Income In Franklin County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Franklin County, HUD calculates the Area Median Income for a family of four as $50,600

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Franklin County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Franklin County

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Franklin County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $29,800 $32,000 $34,200 $36,400
50% AMI Income Limits
Renters earning up to 50% of the Franklin County AMI may qualify for rental assistance programs that target Very Low Income households.
$19,300 $22,050 $24,800 $27,550 $29,800 $32,000 $34,200 $36,400
80% AMI Income Limits
Renters earning up to 80% of the Franklin County AMI may qualify for rental assistance programs that target Low Income households.
$30,900 $35,300 $39,700 $44,100 $47,650 $51,200 $54,700 $58,250

Cities In Franklin County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Belgreen
Hodges
Phil Campbell The HUD funded Public Housing Agency that serves Phil Campbell is the Phil Campbell Housing Authority.
Red Bay The HUD funded Public Housing Agency that serves Red Bay is the Red Bay Housing Authority.
Russellville The HUD funded Public Housing Agency that serves Russellville is the Russellville Housing Authority.
Spruce Pine
Vina