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

Discover affordable housing in Moody 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.

Village at Rock Springs

200 Rock Springs E, Moody, Alabama 35004

bed 2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Woodcroft Apartments

3131 Carl Morgan Rd, Moody, Alabama 35004

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Barrington Parc Apartments

6000 Barrington Pkwy, Moody, Alabama 35004

switch_access_shortcut Short Wait
accessibility Accessible

Ashley Manor Apartments

925 Ashley Dr, Moody, Alabama 35004

switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Moody, Alabama

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Moody, Alabama
$23.58/hour
$16.33 (+225%) more than Alabama minimum wage and $16.33 (+225%) more than the Federal minimum wage.
Learn More About Moody, Alabama Affordable Housing ↓

How many renters live in Moody, Alabama?

The City of Moody has people living in households.

There are renters living in renter households in this City. Renters make up 23.14 percent of the population living in Moody.

What is the rental market like in Moody, Alabama?

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

What is the vacancy rate for rentals in Moody?

The rental vacancy rate in Moody is 0 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 Moody for each bedroom size?

Occupied Rental Units by Size in Moody
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
26 98 331 568 109
Occupied Rental Units by Size in Moody

A large number of apartments in Moody have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Moody

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $983 to $1,752. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $983
One BR $1,109
Two BR $1,245
Three BR $1,570
Four BR $1,752
2024 Fair Market Rents in Moody, Alabama

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

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 24 92 percent
One BR 91 93 percent
Two BR 177 53 percent
Rental Units Below FMR in Moody, Alabama

How many affordable rental units are in Moody?

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

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

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

Income Based Apartments in Moody, Alabama

Moody 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 Moody, Alabama

There are 232 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Moody.

Housing Choice Vouchers in Moody, Alabama

On average, Section 8 Housing Choice vouchers pay Moody landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Moody.

The maximum amount a voucher would pay on behalf of a low-income tenant in Moody, Alabama for a two-bedroom apartment is between $1,121 and $1,370.

Sourced from federal housing data and AffordableHousingOnline.com research.

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