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

Discover affordable housing in Gadsden where there are 20+ 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.

Timbers at Rayleigh

1400 Piedmont Cutoff, Gadsden, Alabama 35903

Holly Park Estates

700 Holly Ave, Gadsden, Alabama 35901

Melodie Meadow Apartments

301 College Pkwy, Gadsden, Alabama 35903

Lodge at Greenbridge

600 Holly Ave, Gadsden, Alabama 35901

Princeton Park Apartments

301 Princeton Ave, Gadsden, Alabama 35901

Baptist Retirement Village II

1326 Coats St, Gadsden, Alabama 35903

Baptist Retirement Village

1315 Coats St, Gadsden, Alabama 35903

Sally Armstrong

1103 Chestnut St, Gadsden, Alabama 35901

College Manor Apartments

1408 Piedmont Cutoff, Gadsden, Alabama 35903

Episcopal Kyle Home

929 Chestnut St, Gadsden, Alabama 35901

Coosa Bend Apartments

417 N 4th Pl, Gadsden, Alabama 35901

Brookville Apartments

337 W. Air Depot Rd, Gadsden, Alabama 35903

Colley Homes

429 N 6th St, Gadsden, Alabama 35901

Carver Village

402 N 11th St, Gadsden, Alabama 35901

Gateway Village

610 S 14th St, Gadsden, Alabama 35901

Starnes Park

301 Starnes Park, Gadsden, Alabama 35903

Campbell Court

101 Campbell Ct, Gadsden, Alabama 35903

River Hill Estates

720 Ewing Ave, Gadsden, Alabama 35901

Northside Homes

400 Joseph T Robinson St, Gadsden, Alabama 35901

Emma Sansom Homes

209A N 22nd St, Gadsden, Alabama 35904

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

What HUD offices serve Gadsden, 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for Gadsden, Alabama.

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

How many renters live in Gadsden, Alabama?

The City of Gadsden has 33,881 people living in 13,013 households.

There are 14,750 renters living in 5,785 renter households in this City. Renters make up 43.53 percent of the population living in Gadsden.

What is the rental market like in Gadsden, Alabama?

There are an estimated 16,498 housing units in the Gadsden area. Of these, 6,219 units are rental homes, making up 38 percent of the housing market. For every renter household in Gadsden, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Gadsden?

The rental vacancy rate in Gadsden 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 Gadsden for each bedroom size?

Occupied Rental Units by Size in Gadsden
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
265 795 2,038 2,370 162
Occupied Rental Units by Size in Gadsden

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

Among renter households in this market, 45 percent have housing cost burden. Further, 24 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 Gadsden

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $637 to $1,252. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $637
One BR $817
Two BR $940
Three BR $1,170
Four BR $1,252
2024 Fair Market Rents in Gadsden, Alabama

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

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 215 81 percent
One BR 583 73 percent
Two BR 1,447 71 percent
Rental Units Below FMR in Gadsden, Alabama

How many affordable rental units are in Gadsden?

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

Federal Program Unit Count
Low Income Housing Tax Credit 520
Public Housing 970
Section 8 Project-Based Rental Assistance 377
Section 202 Supportive Housing for the Elderly 100
Section 811 Supportive Housing for Persons with Disabilities 6
Tracked Units by Federal Program in Gadsden, Alabama

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

Income Based Apartments in Gadsden, Alabama

Gadsden features 1,370 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 Gadsden, Alabama

There are 240 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gadsden.

Housing Choice Vouchers in Gadsden, Alabama

On average, Section 8 Housing Choice vouchers pay Gadsden landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Gadsden.

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

Sourced from federal housing data and AffordableHousingOnline.com research.