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

Discover affordable housing in Gates where there are 1+ 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.

Gates Apartments

614 Huntington Street, Gates, Tennessee 38037

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Gates, Tennessee
$9.06 (+125%) more than Tennessee minimum wage and $9.06 (+125%) more than the Federal minimum wage.
Learn More About Gates, Tennessee Affordable Housing ↓

What HUD offices serve Gates, 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 Gates, Tennessee.

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

How many renters live in Gates, Tennessee?

The City of Gates has 693 people living in 241 households.

There are 369 renters living in 127 renter households in this City. Renters make up 53.25 percent of the population living in Gates.

What is the rental market like in Gates, Tennessee?

There are an estimated 269 housing units in the Gates area. Of these, 135 units are rental homes, making up 50 percent of the housing market. For every renter household in Gates, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Gates?

The rental vacancy rate in Gates is 6 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 Gates for each bedroom size?

Occupied Rental Units by Size in Gates
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 0 53 62 12
Occupied Rental Units by Size in Gates

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

Among renter households in this market, 37 percent have housing cost burden. Further, 3 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 Gates

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $651 to $1,376. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $651
One BR $655
Two BR $861
Three BR $1,130
Four BR $1,376
2024 Fair Market Rents in Gates, Tennessee

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

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
Two BR 41 77 percent
Rental Units Below FMR in Gates, Tennessee

How many affordable rental units are in Gates?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 14
Tracked Units by Federal Program in Gates, Tennessee

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

Income Based Apartments in Gates, Tennessee

Gates features 0 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 Gates, Tennessee

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

Housing Choice Vouchers in Gates, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Gates, Tennessee for a two-bedroom apartment is between $775 and $947.

Sourced from federal housing data and AffordableHousingOnline.com research.