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

Discover affordable housing in Summerdale where there are 1+ 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.

Summerdale Apts

403 W. Broadway Street, Summerdale, Alabama

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Summerdale, Alabama
$25.80/hour
$18.55 (+256%) more than Alabama minimum wage and $18.55 (+256%) more than the Federal minimum wage.
Learn More About Summerdale, Alabama Affordable Housing ↓

How many renters live in Summerdale, Alabama?

The City of Summerdale has 1,497 people living in 558 households.

There are 148 renters living in 71 renter households in this City. Renters make up 9.89 percent of the population living in Summerdale.

What is the rental market like in Summerdale, Alabama?

There are an estimated 617 housing units in the Summerdale area. Of these, 94 units are rental homes, making up 15 percent of the housing market. For every renter household in Summerdale, Alabama, there are 1 rental units.

What is the vacancy rate for rentals in Summerdale?

The rental vacancy rate in Summerdale is 24 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 Summerdale for each bedroom size?

Occupied Rental Units by Size in Summerdale
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4 0 49 15 0
Occupied Rental Units by Size in Summerdale

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

Among renter households in this market, 58 percent have housing cost burden. Further, 3 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 Summerdale

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,051 to $2,114. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,051
One BR $1,056
Two BR $1,362
Three BR $1,670
Four BR $2,114
2024 Fair Market Rents in Summerdale, Alabama

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

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 4 100 percent
Two BR 27 55 percent
Rental Units Below FMR in Summerdale, Alabama

How many affordable rental units are in Summerdale?

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

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 12
Tracked Units by Federal Program in Summerdale, Alabama

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

Income Based Apartments in Summerdale, Alabama

Summerdale features 12 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 Summerdale, Alabama

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

Housing Choice Vouchers in Summerdale, Alabama

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Summerdale, Alabama for a two-bedroom apartment is between $1,226 and $1,498.

Sourced from federal housing data and AffordableHousingOnline.com research.