Affordable Housing In Lawrenceburg
Lawrence County, Tennessee

11 Low Income Apartment Communities In Lawrenceburg

Whispering Oaks

501 Claymar Dr
Lawrenceburg, TN
Call For Rent
1-2 BR

Lawrenceburg Village

2114 Springer Rd
Lawrenceburg, TN
Subsidized

Pine Bluff Apartments

106 Bluff Dr
Lawrenceburg, TN
Subsidized

Public School Apartments

225 Jackson Ave
Lawrenceburg, TN
HCV Welcome

New Hope Apartments

1057 Old Florence Rd
Lawrenceburg, TN
Accessible
Disabled Supportive Housing
Subsidized

Crockett Senior Housing

1067 Old Florence Rd
Lawrenceburg, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Lawrenceburg Lions Homes Phase II

345 Geri St
Lawrenceburg, TN
Subsidized

Park Ridge Estates of Lawrenceburg

22 Good Hope Rd
Lawrenceburg, TN
HCV Welcome

Bvi Lawrenceburg

Honeysuckle Dr And Woodland Dr
Lawrenceburg, TN
HCV Welcome

Berkley Spring

14 Good Hope Rd
Lawrenceburg, TN
HCV Welcome

There are 11 low income housing apartment complexes which contain 665 affordable apartments for rent in Lawrenceburg. Many of these rental apartments are income based housing with 491 apartments that set rent based on your income. In Lawrenceburg, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 174 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Lawrenceburg

Housing Authority Programs
Lawrenceburg Housing Authority Public Housing
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV)
Tennessee Housing Development Agency South Central Tennessee Office Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Lawrenceburg, Tennessee

Lawrenceburg, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 665
Total Rent Assisted Apartments 491
Percentage of Housing Units Occupied By Renters 43.42%
Average Renter Household Size 1.97
Total Population 10,487
Housing Units 4,440
Average Household Size 2.28
Median Household Income $29,443 ±$2,423
Median Rent $546 ±$40
Percentage Of Renters Overburdened 43.1% ± 9.26pp

Population and Household Demographics

Lawrenceburg is a City in Lawrence County, Tennessee with a population of 10,487. There are 4,440 households in the city with an average household size of 2.28 persons. 43.42% of households in Lawrenceburg are renters.

Income and Rent Overburden in Lawrenceburg

The median gross income for households in Lawrenceburg is $29,443 a year, or $2,454 a month. The median rent for the city is $546 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lawrenceburg, a household making less than $1,820 a month would be considered overburdened when renting an apartment at or above the median rent. 43.1% of households who rent are overburdened in Lawrenceburg.1

Area Median Income In Lawrenceburg

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 Lawrenceburg, the AMI is calculated from all households within Lawrence County.

In Lawrenceburg, HUD calculates the Area Median Income for a family of four as $51,000

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 Lawrenceburg

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 Lawrenceburg HUD Rental Assistance in Lawrenceburg

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $28,350 $30,450 $32,550 $34,650
50% of Median $18,400 $21,000 $23,650 $26,250 $28,350 $30,450 $32,550 $34,650
80% of Median $29,400 $33,600 $37,800 $42,000 $45,400 $48,750 $52,100 $55,450
Low Income Housing Tax Credits in Lawrenceburg

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

From 1988 to 2010, 4 low income apartment communities containing 164 rental apartments have been constructed and made affordable to low income persons in Lawrenceburg 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 Lawrenceburg

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,400 $21,000 $23,650 $26,250 $28,350 $30,450 $32,550 $34,650
60% of Median $22,080 $25,200 $28,380 $31,500 $34,020 $36,540 $39,060 $41,580

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 Lawrenceburg is $28,380 a year, or $2,365 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,365 by 30% to get a maximum rent of $710 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% $460 $493 $591 $683 $761 $840
60% $552 $591 $710 $819 $914 $1,008
Fair Market Rents in Lawrenceburg

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 $508 $619 $805 $861