Low Income Apartments and Affordable Housing For Rent in Stone Mountain, GA

Discover affordable housing in Stone Mountain where there are 10+ 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.

Antioch Manor Estates

4711 Bishop Ming Blvd, Stone Mountain, Georgia 30088

Reservation at Hairston Lake

1023 N Hairston Rd, Stone Mountain, Georgia 30083

Mountain Crest Apartments

1075 N Hairston Road, Stone Mountain, Georgia 30083

Antioch Villas and Gardens

4735 Bishop Ming Blvd, Stone Mountain, Georgia 30088

Manor At Indian Creek Phase II

3884 Durham Park Rd, Stone Mountain, Georgia 30083

Manor At Indian Creek Phase I

3904 Durham Park Rd, Stone Mountain, Georgia 30008

Lake Point Fka the Park at Hairston

1038 S Hairston Rd, Stone Mountain, Georgia 30088

Travis House

1407 S Hairston Rd, Stone Mountain, Georgia 30088

Hidden Meadows Townhomes

Thorn Woode and Lancashire Cir, Stone Mountain, Georgia 30083

Elderly Housing Initiative

4947 Memorial Dr, Stone Mountain, Georgia 30083

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Stone Mountain, Georgia
$34.92/hour
$27.67 (+382%) more than Georgia minimum wage and $27.67 (+382%) more than the Federal minimum wage.
Learn More About Stone Mountain, Georgia Affordable Housing ↓

What HUD offices serve Stone Mountain, 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for Stone Mountain, Georgia.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Rental Assistance Demonstration (RAD) programs for Stone Mountain, Georgia.

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

How many renters live in Stone Mountain, Georgia?

The City of Stone Mountain has 6,638 people living in 2,513 households.

There are 3,404 renters living in 1,297 renter households in this City. Renters make up 51.28 percent of the population living in Stone Mountain.

What is the rental market like in Stone Mountain, Georgia?

There are an estimated 2,809 housing units in the Stone Mountain area. Of these, 1,361 units are rental homes, making up 48 percent of the housing market. For every renter household in Stone Mountain, Georgia, there are 1 rental units.

What is the vacancy rate for rentals in Stone Mountain?

The rental vacancy rate in Stone Mountain is 5 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 Stone Mountain for each bedroom size?

Occupied Rental Units by Size in Stone Mountain
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
12 166 681 360 67
Occupied Rental Units by Size in Stone Mountain

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

Among renter households in this market, 71 percent have housing cost burden. Further, 56 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 Stone Mountain

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,599 to $2,707. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,599
One BR $1,643
Two BR $1,844
Three BR $2,230
Four BR $2,707
2024 Fair Market Rents in Stone Mountain, Georgia

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

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 12 100 percent
One BR 166 100 percent
Two BR 571 84 percent
Rental Units Below FMR in Stone Mountain, Georgia

How many affordable rental units are in Stone Mountain?

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

Federal Program Unit Count
Low Income Housing Tax Credit 230
Tracked Units by Federal Program in Stone Mountain, Georgia

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

Income Based Apartments in Stone Mountain, Georgia

Stone Mountain features 391 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 Stone Mountain, Georgia

There are 961 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stone Mountain.

Housing Choice Vouchers in Stone Mountain, Georgia

On average, Section 8 Housing Choice vouchers pay Stone Mountain landlords $1,000 per month towards rent. The average voucher holder contributes $300 towards rent in Stone Mountain.

The maximum amount a voucher would pay on behalf of a low-income tenant in Stone Mountain, Georgia for a two-bedroom apartment is between $1,660 and $2,028.

Sourced from federal housing data and AffordableHousingOnline.com research.