Low Income Apartments and Affordable Housing For Rent in Alamo, TN

Discover affordable housing in Alamo 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.

Pine Grove Apartments

202 Pine Grove Dr, Alamo, Tennessee 38001

Crescent Park Estates

108 Autumn Valley Dr, Alamo, Tennessee 38001

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Alamo, Tennessee
$18.81/hour
$11.56 (+159%) more than Tennessee minimum wage and $11.56 (+159%) more than the Federal minimum wage.
Learn More About Alamo, Tennessee Affordable Housing ↓

What HUD offices serve Alamo, Tennessee?

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), Family Self-Sufficiency, Mainstream Voucher, Homeownership programs for Alamo, Tennessee.

Go to the Tennessee Public Housing and Low-Income Apartments Waiting Lists page for openings near Alamo.

How many renters live in Alamo, Tennessee?

The City of Alamo has 2,405 people living in 918 households.

There are 886 renters living in 374 renter households in this City. Renters make up 36.84 percent of the population living in Alamo.

What is the rental market like in Alamo, Tennessee?

There are an estimated 1,023 housing units in the Alamo area. Of these, 404 units are rental homes, making up 39 percent of the housing market. For every renter household in Alamo, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Alamo?

The rental vacancy rate in Alamo is 7 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 Alamo for each bedroom size?

Occupied Rental Units by Size in Alamo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 38 190 122 16
Occupied Rental Units by Size in Alamo

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

Among renter households in this market, 36 percent have housing cost burden. Further, 15 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 Alamo

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $755 to $1,563. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $755
One BR $756
Two BR $993
Three BR $1,213
Four BR $1,563
2024 Fair Market Rents in Alamo, Tennessee

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

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 8 100 percent
One BR 12 32 percent
Two BR 120 63 percent
Rental Units Below FMR in Alamo, Tennessee

How many affordable rental units are in Alamo?

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

Federal Program Unit Count
Low Income Housing Tax Credit 32
Section 8 Project-Based Rental Assistance 24
Tracked Units by Federal Program in Alamo, Tennessee

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

Income Based Apartments in Alamo, Tennessee

Alamo features 24 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 Alamo, Tennessee

There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Alamo.

Housing Choice Vouchers in Alamo, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Alamo, Tennessee for a two-bedroom apartment is between $894 and $1,092.

Sourced from federal housing data and AffordableHousingOnline.com research.