Affordable Housing In Chattanooga
Hamilton County, Tennessee

60 Low Income Apartment Communities In Chattanooga

River View Tower Apartments

500 W Ml King Blvd
Chattanooga, TN
Call For Rent
Studio-1 BR
62+
Accessible
Elderly Supportive Housing
HCV Welcome
Subsidized

Silvertree Seniors of Chattanooga

5465 Highway 58
Chattanooga, TN
Income Based
1-2 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Maple Hills Apartments

2515 Gilbert Street
Chattanooga, TN
Call For Rent
2-3 BR
HCV Welcome

The Villages at Alton Park Apartments

3750 Hughes Avenue
Chattanooga, TN
Call For Rent
1-4 BR

Magnolia Gardens Apartments

779 Martin Luther King Blvd
Chattanooga, TN
Call For Rent
2-3 BR
HCV Welcome

College Hill Courts

1300 Grove St Ct
Chattanooga, TN
Call For Rent
1-3 BR
HCV Welcome

Mary Walker Towers

2505 S Market St
Chattanooga, TN
Call For Rent
1 BR

Oaks at Camden

1655 Mossy Oaks Drive
Chattanooga, TN

Bayberry Apartments

2300 Wilson Street
Chattanooga, TN
Call For Rent
1-3 BR

Boynton Terrace Apartments

955 Boynton Dr
Chattanooga, TN

Housing Authorities that serve Chattanooga

Housing Authority Programs
Chattanooga Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Chattanooga, Tennessee

According to federal housing data and AffordableHousingOnline.com research, there are 60 low income housing apartment communities offering 5,337 affordable apartments for rent in Chattanooga, Tennessee. Chattanooga features 4,060 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,177 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Chattanooga.

Chattanooga, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 60
Total Low Income Apartments 5,337
Total Housing Units with Rental Assistance 4,060
Percentage of Housing Units Occupied By Renters 46.57%
Average Renter Household Size 2.32
Average Household Size 2.37
Median Household Income $40,177 ±$1,167
Median Rent $748 ±$11
Percentage Of Renters Overburdened 47.85% ± 2.41pp
Total Population 174,483

Population and Household Demographics

Chattanooga is a City in Hamilton County, Tennessee with a population of 174,483. There are 70,228 households in the city with an average household size of 2.37 persons. 46.57% of households in Chattanooga are renters.

Income and Rent Overburden in Chattanooga

The median gross income for households in Chattanooga is $40,177 a year, or $3,348 a month. The median rent for the city is $748 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Chattanooga, a household making less than $2,493 a month would be considered overburdened when renting an apartment at or above the median rent. 47.85% of households who rent are overburdened in Chattanooga.1

Area Median Income In Chattanooga

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Chattanooga, the AMI is calculated from all households within Hamilton County.

In Chattanooga, HUD calculates the Area Median Income for a family of four as $70,100

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 Chattanooga

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 Chattanooga HUD Rental Assistance in Chattanooga

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,250 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,750 $27,150 $30,550 $33,900 $36,650 $39,350 $42,050 $44,750
80% of Median $38,000 $43,400 $48,850 $54,250 $58,600 $62,950 $67,300 $71,650
Low Income Housing Tax Credits in Chattanooga

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

From 1991 to 2008, 25 low income apartment communities containing 1,870 rental apartments have been constructed and made affordable to low income persons in Chattanooga 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 Chattanooga

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,750 $27,150 $30,550 $33,900 $36,650 $39,350 $42,050 $44,750
60% of Median $28,500 $32,580 $36,660 $40,680 $43,980 $47,220 $50,460 $53,700

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 Chattanooga is $36,660 a year, or $3,055 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,055 by 30% to get a maximum rent of $917 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% $594 $636 $764 $882 $984 $1,085
60% $713 $764 $917 $1,058 $1,181 $1,302
Fair Market Rents in Chattanooga

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$599 $686 $832 $1,081 $1,305