Low Income Apartments and Affordable Housing For Rent in Cave Spring, GA

Discover affordable housing in Cave Spring where there are 2+ 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.

Spring Haven Apartments

7 Perry Farms Rd, Cave Spring, Georgia 30124

Steve Pettis Court Apartments

4 Stewart Cir SW, Cave Spring, Georgia 30124

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cave Spring, Georgia
$20.76/hour
$13.51 (+186%) more than Georgia minimum wage and $13.51 (+186%) more than the Federal minimum wage.
Learn More About Cave Spring, Georgia Affordable Housing ↓

What HUD offices serve Cave Spring, Georgia?

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 Cave Spring, Georgia.
Operates the Section 8 Housing Choice Voucher (HCV), Homeownership Voucher, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH), Section 8 Project-Based Voucher (PBV) programs for Cave Spring, Georgia.

Go to the Georgia Public Housing and Low-Income Apartments Waiting Lists page for openings near Cave Spring.

How many renters live in Cave Spring, Georgia?

The City of Cave Spring has 982 people living in 369 households.

There are 318 renters living in 135 renter households in this City. Renters make up 32.38 percent of the population living in Cave Spring.

What is the rental market like in Cave Spring, Georgia?

There are an estimated 514 housing units in the Cave Spring area. Of these, 156 units are rental homes, making up 30 percent of the housing market. For every renter household in Cave Spring, Georgia, there are 1 rental units.

What is the vacancy rate for rentals in Cave Spring?

The rental vacancy rate in Cave Spring is 13 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 Cave Spring for each bedroom size?

Occupied Rental Units by Size in Cave Spring
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
22 36 38 29 10
Occupied Rental Units by Size in Cave Spring

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

Among renter households in this market, 68 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 Cave Spring

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $834 to $1,651. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $834
One BR $834
Two BR $1,096
Three BR $1,394
Four BR $1,651
2024 Fair Market Rents in Cave Spring, Georgia

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

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 15 68 percent
One BR 36 100 percent
Two BR 34 89 percent
Rental Units Below FMR in Cave Spring, Georgia

How many affordable rental units are in Cave Spring?

There are a variety of federal affordable housing programs serving households in Cave Spring, Georgia including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 24
Public Housing 20
Section 8 Project-Based Rental Assistance 33
Tracked Units by Federal Program in Cave Spring, Georgia

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

Income Based Apartments in Cave Spring, Georgia

Cave Spring features 31 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 Cave Spring, Georgia

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cave Spring.

Housing Choice Vouchers in Cave Spring, Georgia

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cave Spring, Georgia for a two-bedroom apartment is between $986 and $1,206.

Sourced from federal housing data and AffordableHousingOnline.com research.