Covington, Tennessee Affordable Housing

Affordable Housing programs support 369 income based apartments in Covington where households pay rent based on how much they earn.

There are 232 affordable apartments in Covington that offer reduced rents to low-income households.

Waiting Lists in Covington, Tennessee

There are no open Section 8 Housing Choice Voucher waiting lists in Covington. Go to the Tennessee Section 8 Waiting Lists page for openings near Covington.

Fox Hollow Community

100 Fox Hollow Run
Covington, Tennessee
Call For Rent
Studio-1 BR
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Glendale Commons

351 Mueller Brass Rd
Covington, Tennessee
Call For Rent
1 BR
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Cantebury Apartments

100 Canterbury Cir
Covington, Tennessee
Affordable

Broadmeadow Place Apartments

150 Peeler Rd
Covington, Tennessee
Rent Assisted

Meadowview Elderly Apartments

1000 Meadowview Cv
Covington, Tennessee
Rent Assisted

Eaglewood VIII Apartments

50 Eaglewood Cove
Covington, Tennessee
Rent Assisted

Cottonwood Apartments

1981 Cottonwood Pl
Covington, Tennessee
Affordable

Tiptonville Village

149 Jamie Lynn Cv
Covington, Tennessee
Rent Assisted

Sunrise

1150 Simonton St
Covington, Tennessee
Affordable

Cottonwood Estates

1981 Cottonwood Way
Covington, Tennessee
Affordable
Showing Results 1-10

Affordable Housing Near Covington

View affordable apartments and waiting lists in cities near Covington

City Apartments
Brighton, TN Affordable Housing programs support 2 apartment communities in Brighton.
Munford, TN Affordable Housing programs support 2 apartment communities in Munford.
Mason, TN Affordable Housing programs support 1 apartment communities in Mason.

Public Housing Agencies Serving Covington, 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.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
Covington Housing Authority Public Housing
Tennessee Housing Development Agency Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Mainstream Voucher; Homeownership
Go to the Tennessee Public Housing and Low-Income Apartments Waiting Lists page for openings near Covington.

Covington, Tennessee Affordable Housing Data

Income Based Apartments in Covington, Tennessee

Covington features 369 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 Covington, Tennessee

There are 232 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Covington.

Housing Choice Vouchers in Covington, Tennessee

On average, Section 8 Housing Choice vouchers pay Covington landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Covington.

The maximum amount a voucher would pay on behalf of a low-income tenant in Covington, Tennessee for a two-bedroom apartment is between $929 and $1,135.

2023 Covington, Tennessee Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Covington, Tennessee Fair Market Rent $800 $902 $1,032 $1,365 $1,584
Covington, Tennessee Payment Standard Range $720 to $880 $812 to $992 $929 to $1,135 $1,229 to $1,502 $1,426 to $1,742

Sourced from federal housing data and AffordableHousingOnline.com research.

Covington, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 602
Total Housing Units with Rental Assistance 369
Percentage of Housing Units Occupied By Renters 53.37%
Average Renter Household Size 2.46
Average Household Size 2.41
Median Household Income $28,571 ±$5,499
Median Rent $616 ±$81
Percentage Of Renters Overburdened 48.88% ± 12.39pp
Total Population 9,036

Population and Household Demographics

Covington is a city in Tipton County, Tennessee with a population of 9,036. There are 3,592 households in the city with an average household size of 2.41 persons. 53.37% of households in Covington are renters.

Income and Rent Overburden in Covington

The median gross income for households in Covington is $28,571 a year, or $2,381 a month. The median rent for the city is $616 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Covington, a household making less than $2,053 a month would be considered overburdened when renting an apartment at or above the median rent. 48.88% of households who rent are overburdened in Covington.

Area Median Income In Covington

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 Covington, the AMI is calculated from all households within Tipton County.

In Covington, HUD calculates the Area Median Income for a family of four as $77,300

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 Covington

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 HUD Rental Assistance in Covington

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Covington AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,150 $18,450 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Covington AMI may qualify for rental assistance programs that target Very Low Income households.
$26,900 $30,750 $34,600 $38,400 $41,500 $44,550 $47,650 $50,700
80% AMI Income Limits
Renters earning up to 80% of the Covington AMI may qualify for rental assistance programs that target Low Income households.
$43,050 $49,200 $55,350 $61,450 $66,400 $71,300 $76,200 $81,150