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

Discover affordable housing in Stone Mountain where there are 77+ 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.

1139 Redan Trce

1139 Redan Trce, Stone Mountain, Georgia 30088

bed 3
payment $2025/mo.

989 Carlisle Rd

989 Carlisle Rd, Stone Mountain, Georgia 30083

bed 4
payment $2500/mo.

574 Old Friar Tuck Ln

574 Old Friar Tuck Ln, Stone Mountain, Georgia 30087

bed 3
payment $1990/mo.

850 Churchill Ct

850 Churchill Ct, Stone Mountain, Georgia 30083

bed 1
payment $900/mo.

4784 Cedar Park Way

4784 Cedar Park Way, Stone Mountain, Georgia 30083

bed 3
payment $1800/mo.

6664 Heathrow Ln

6664 Heathrow Ln, Stone Mountain, Georgia 30087

bed 4
payment $1830/mo.

5205 Carole Pl SW

5205 Carole Pl SW, Stone Mountain, Georgia 30087

bed 5
payment $2325/mo.

5370 Megan Rd

5370 Megan Rd, Stone Mountain, Georgia 30088

bed 5
payment $1840/mo.

5563 Prince Phillip Way SW

5563 Prince Phillip Way SW, Stone Mountain, Georgia 30087

bed 3
payment $1815/mo.

2969 Major Ct

2969 Major Ct, Stone Mountain, Georgia 30087

bed 3
payment $1599/mo.

1390 Mill Lake Cir

1390 Mill Lake Cir, Stone Mountain, Georgia 30088

bed 3
payment $1870/mo.

5420 Windfern Ct

5420 Windfern Ct, Stone Mountain, Georgia 30088

bed 3
payment $1970/mo.

Manor At Indian Creek Phase I

3904 Durham Park Rd, Stone Mountain, Georgia 30008

switch_access_shortcut Short Wait
accessibility Accessible

Lake Point Fka the Park at Hairston

1038 S Hairston Rd, Stone Mountain, Georgia 30088

switch_access_shortcut Short Wait
accessibility Accessible

Travis House

1407 S Hairston Rd, Stone Mountain, Georgia 30088

payment Subsidized
accessibility Accessible
accessible_forward Disability

Hidden Meadows Townhomes

Thorn Woode and Lancashire Cir, Stone Mountain, Georgia 30083

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Elderly Housing Initiative

4947 Memorial Dr, Stone Mountain, Georgia 30083

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Stone Mountain, Georgia

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 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 people living in households.

There are renters living in 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 housing units in the Stone Mountain area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Stone Mountain, Georgia, there are 1.05 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 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
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.

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