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

Discover affordable housing in Guin 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.

Spanish Oaks Apartments

12th Ave E, Guin, Alabama 35563

Lawrence Plaza IV Apartments

385 Burleson Rd, Guin, Alabama 35563

Magnolia Apartments

160 3rd Street North, Guin, Alabama

Earnest Courts

111 Earnest Ct, Guin, Alabama 35563

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Guin, Alabama
$16.23/hour
$8.98 (+124%) more than Alabama minimum wage and $8.98 (+124%) more than the Federal minimum wage.
Learn More About Guin, Alabama Affordable Housing ↓

What HUD offices serve Guin, 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 Guin, Alabama.

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

How many renters live in Guin, Alabama?

The City of Guin has 2,636 people living in 894 households.

There are 654 renters living in 294 renter households in this City. Renters make up 24.81 percent of the population living in Guin.

What is the rental market like in Guin, Alabama?

There are an estimated 1,124 housing units in the Guin area. Of these, 358 units are rental homes, making up 32 percent of the housing market. For every renter household in Guin, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Guin?

The rental vacancy rate in Guin is 12 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 Guin for each bedroom size?

Occupied Rental Units by Size in Guin
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
29 68 74 54 69
Occupied Rental Units by Size in Guin

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

Among renter households in this market, 40 percent have housing cost burden. Further, 1 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 Guin

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $581 to $1,454. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $581
One BR $652
Two BR $857
Three BR $1,091
Four BR $1,454
2024 Fair Market Rents in Guin, Alabama

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

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 29 100 percent
One BR 66 97 percent
Two BR 52 70 percent
Rental Units Below FMR in Guin, Alabama

How many affordable rental units are in Guin?

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

Federal Program Unit Count
Public Housing 182
Section 8 Project-Based Rental Assistance 45
USDA Section 515 Rural Rental Housing 125
Tracked Units by Federal Program in Guin, Alabama

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

Income Based Apartments in Guin, Alabama

Guin features 307 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 Guin, Alabama

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

Housing Choice Vouchers in Guin, Alabama

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Guin, Alabama for a two-bedroom apartment is between $771 and $943.

Sourced from federal housing data and AffordableHousingOnline.com research.