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

Discover affordable housing in Decherd 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.

Mallard Cove Apartments

314 Old Winchester Rd, Decherd, Tennessee 37324

Grant Homes

202 4th Ave S, Decherd, Tennessee 37324

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Decherd, Tennessee
$17.22/hour
$9.97 (+137%) more than Tennessee minimum wage and $9.97 (+137%) more than the Federal minimum wage.
Learn More About Decherd, Tennessee Affordable Housing ↓

What HUD offices serve Decherd, 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 Public Housing, Section 8 Project-Based Voucher (PBV) programs for Decherd, Tennessee.
Operates the Section 8 Housing Choice Voucher (HCV), Family Self-Sufficiency, Mainstream Voucher, Homeownership programs for Decherd, Tennessee.

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

How many renters live in Decherd, Tennessee?

The City of Decherd has 2,667 people living in 1,319 households.

There are 1,487 renters living in 802 renter households in this City. Renters make up 55.76 percent of the population living in Decherd.

What is the rental market like in Decherd, Tennessee?

There are an estimated 1,394 housing units in the Decherd area. Of these, 802 units are rental homes, making up 58 percent of the housing market. For every renter household in Decherd, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Decherd?

The rental vacancy rate in Decherd is 0 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 Decherd for each bedroom size?

Occupied Rental Units by Size in Decherd
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
56 59 445 226 0
Occupied Rental Units by Size in Decherd

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

Among renter households in this market, 63 percent have housing cost burden. Further, 17 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 Decherd

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $731 to $1,384. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $731
One BR $735
Two BR $909
Three BR $1,175
Four BR $1,384
2024 Fair Market Rents in Decherd, Tennessee

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

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 54 96 percent
One BR 43 73 percent
Two BR 311 70 percent
Rental Units Below FMR in Decherd, Tennessee

How many affordable rental units are in Decherd?

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

Federal Program Unit Count
Public Housing 39
Section 8 Project-Based Rental Assistance 21
Tracked Units by Federal Program in Decherd, Tennessee

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

Income Based Apartments in Decherd, Tennessee

Decherd features 287 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 Decherd, Tennessee

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Decherd.

Housing Choice Vouchers in Decherd, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Decherd, Tennessee for a two-bedroom apartment is between $818 and $1,000.

Sourced from federal housing data and AffordableHousingOnline.com research.