Low Income Apartments and Affordable Housing For Rent in Pike County, AL

Discover affordable housing in Pike County where there are 21+ 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.

Skyview Apartments

104 Park St, Troy, Alabama 36081

Stratford Square Apartments

700 Martin Luther King Dr, Brundidge, Alabama 36010

Gibbs Manor

200 Gibbs St, Troy, Alabama 36081

Woodland Hills Apartments

100 Woodland Hills Dr, Troy, Alabama 36081

Pine Valley Estates

Pine Valley Dr, Brundidge, Alabama 36010

Amberwood Apartments

115 Segar Lane, Troy, Alabama 36081

Foxcroft Apartments

660 Henderson Dr, Troy, Alabama 36081

Troy Manor Apartments

200 Bruce St, Troy, Alabama 36081

Level Line Apts

500 Level Line Apts, Troy, Alabama 36081

Veranda Apartments

151 W Pike St, Troy, Alabama 36081

Autumn Ridge Apartments

431 N Knox St, Troy, Alabama 36081

Charleston Square

150 W Pike St, Troy, Alabama 36081

Troy Apartments, Phase III

600 Botts Ave, Troy, Alabama 36081

Segars Community

201 Segars St, Troy, Alabama 36081

Brundidge Rtmt II

Walding Cir, Brundidge, Alabama 36010

Knox Murphree

214 N Knox St, Troy, Alabama 36081

Hubbard Dunbar

516 Hubbard St, Troy, Alabama 36081

Caldwell and Hilltop Hom

230 Bowden St, Brundidge, Alabama 36010

Houston Place Estates I and II

457 S Main St, Brundidge, Alabama 36010

Springhill

101 Spring Rd, Troy, Alabama 36079

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Pike County, Alabama
$20.87/hour
$13.62 (+188%) more than Alabama minimum wage and $13.62 (+188%) more than the Federal minimum wage.
Learn More About Pike County, Alabama Affordable Housing ↓

How many renters live in Pike County, Alabama?

The County of Pike County has 32,997 people living in 11,996 households.

There are 10,847 renters living in 4,435 renter households in this County. Renters make up 32.87 percent of the population living in Pike County.

What is the rental market like in Pike County, Alabama?

There are an estimated 16,049 housing units in the Pike County area. Of these, 5,877 units are rental homes, making up 37 percent of the housing market. For every renter household in Pike County, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Pike County?

The rental vacancy rate in Pike County is 20 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 Pike County for each bedroom size?

Occupied Rental Units by Size in Pike County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
55 627 1,700 1,592 451
Occupied Rental Units by Size in Pike County

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

Among renter households in this market, 52 percent have housing cost burden. Further, 30 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 Pike County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $825 to $1,468. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $825
One BR $839
Two BR $1,102
Three BR $1,332
Four BR $1,468
2024 Fair Market Rents in Pike County, Alabama

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

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 38 69 percent
One BR 617 98 percent
Two BR 1,060 62 percent
Rental Units Below FMR in Pike County, Alabama

How many affordable rental units are in Pike County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 449
Public Housing 41
Section 8 Project-Based Rental Assistance 398
Section 202 Supportive Housing for the Elderly 1
USDA Section 515 Rural Rental Housing 329
Tracked Units by Federal Program in Pike County, Alabama

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

Income Based Apartments in Pike County, Alabama

Pike County features 945 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 Pike County, Alabama

There are 284 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pike County.

Housing Choice Vouchers in Pike County, Alabama

On average, Section 8 Housing Choice vouchers pay Pike County landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Pike County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Pike County, Alabama for a two-bedroom apartment is between $992 and $1,212.

Sourced from federal housing data and AffordableHousingOnline.com research.