Low Income Apartments In Benton County
Tennessee

Low Income Apartments In Benton County

Timber Creek Apartments

3750 Hughes Ave
Camden, TN
1-3 BR
Subsidized

Good Samaritan Village

192A Post Oak Ave
Camden, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Red Oaks Apartments

100 Schools Dr
Camden, TN
HCV Welcome

Sunrise Village Apartments

166 Wood Ave
Camden, TN
HCV Welcome

Maplewood Village

251 Court St
Camden, TN
HCV Welcome

Carey Housing Development Corp

138 Madden St
Camden, TN
62+
Accessible
Elderly Supportive Housing
Subsidized
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There are 6 low income housing apartment complexes which contain 198 affordable apartments for rent in Benton County, Tennessee. Many of these rental apartments are income based housing with about 102 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 44 Project-Based Section 8 subsidized apartments in Benton County. There are 96 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Benton County

Housing Authority Programs
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher
Tennessee Housing Development Agency West Tennessee Office Section 8 Housing Choice Voucher; Homeownership Voucher; Family Self-sufficiency; Veteran Affairs Supportive Housing; Mainstream Voucher

Guide To Affordable Housing in Benton County, Tennessee

Benton County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 198
Total Rent Assisted Apartments 102
Percentage of Housing Units Occupied By Renters 23.73%
Average Renter Household Size 2.26
Total Population 16,261
Housing Units 6,786
Average Household Size 2.37
Median Household Income $33,240 ±$2,655
Median Rent $559 ±$45
Percentage Of Renters Overburdened 44.1% ± 9.77pp

Population and Household Demographics

Benton County is a County in Tennessee with a population of 16,261. There are 6,786 households in the county with an average household size of 2.37 persons. 23.73% of households in Benton County are renters.

Income and Rent Overburden in Benton County

The median gross income for households in Benton County is $33,240 a year, or $2,770 a month. The median rent for the county is $559 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Benton County, a household making less than $1,863 a month would be considered overburdened when renting an apartment at or above the median rent. 44.1% of households who rent are overburdened in Benton County.1

Area Median Income In Benton County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Benton County, HUD calculates the Area Median Income for a family of four as $45,700

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Benton County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Benton County HUD Rental Assistance in Benton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,140 $16,460 $20,780 $25,050 $27,100 $29,100 $31,100 $33,100
50% of Median $17,550 $20,050 $22,550 $25,050 $27,100 $29,100 $31,100 $33,100
80% of Median $28,100 $32,100 $36,100 $40,100 $43,350 $46,550 $49,750 $52,950
Low Income Housing Tax Credits in Benton County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1989 to 1989, 1 low income apartment communities containing 19 rental apartments have been constructed and made affordable to low income persons in Benton County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Benton County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $21,060 $24,060 $27,060 $30,060 $32,520 $34,920 $37,320 $39,720

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Benton County is $27,060 a year, or $2,255 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,255 by 30% to get a maximum rent of $677 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $439 $470 $564 $652 $728 $803
60% $527 $564 $677 $782 $873 $963
Fair Market Rents in Benton County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$457 $530 $619 $853 $915

Cities In Benton County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Camden 6 The HUD funded Public Housing Agencies that serve Camden are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Big Sandy 0 The HUD funded Public Housing Agencies that serve Big Sandy are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Eva 0 The HUD funded Public Housing Agencies that serve Eva are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.