Affordable Housing In Memphis
Shelby County, Tennessee

196 Low Income Apartment Communities In Memphis

Memphis Towers

1081 Court Ave
Memphis, TN
Income Based
1 BR
Subsidized
62+

Uptown Square Apartments

252 North Lauderdale Street
Memphis, TN
Call For Rent
Studio-3 BR

Robinhood Park Apartments

3717 Robin Park Circle
Memphis, TN
Income Based
1-4 BR
Subsidized

Madison Towers

383 Madison Ave
Memphis, TN
Income Based
Studio-1 BR
Subsidized
62+

Wesley Graceland Gardens

1430 Graceland Pines
Memphis, TN
Call For Rent
1 BR
Subsidized

College Park II

838 Walker Ave
Memphis, TN
Income Based
1-4 BR

College Park Senior - Ph

838 Walker Ave
Memphis, TN
Income Based
1-4 BR

Latham and Magnolia Terrace

669 N 3rd St
Memphis, TN
Call For Rent
1 BR
Accepts Vouchers

Bethel Towers

1360 E. Alcy
Memphis, TN
Call For Rent
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

C. E. Ware Towers

3571 S. Third St.
Memphis, TN
Call For Rent
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Housing Authorities that serve Memphis

Housing Authority Programs
Memphis Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Shelby County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV); Mainstream Voucher
Tennessee Housing Development Agency West Tennessee Office Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Mainstream Voucher

Guide To Affordable Housing in Memphis, Tennessee

There are 196 low income housing apartment communities offering 21,963 affordable apartments for rent in Memphis, Tennessee.

Income Based Apartments in Memphis, Tennessee

Memphis features 9,150 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 Memphis, Tennessee

There are 12,401 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Memphis.

Housing Choice Vouchers in Memphis, Tennessee

On average, Section 8 Housing Choice vouchers pay Memphis landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Memphis.

The maximum amount a voucher would pay on behalf of a low-income tenant in Memphis, Tennessee for a two-bedroom apartment is between $796 and $972.

2020 Memphis, 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
Fair Market Rent $665 $755 $884 $1,203 $1,374
Payment Standard Range $599 to $732 $680 to $831 $796 to $972 $1,083 to $1,323 $1,237 to $1,511

Sourced from federal housing data and AffordableHousingOnline.com research.

Memphis, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 196
Total Low Income Apartments 21,963
Total Housing Units with Rental Assistance 9,150
Percentage of Housing Units Occupied By Renters 50.79%
Average Renter Household Size 2.57
Average Household Size 2.57
Median Household Income $36,445 ±$613
Median Rent $828 ±$6
Percentage Of Renters Overburdened 54.31% ± 1.27pp
Total Population 657,167

Population and Household Demographics

Memphis is a City in Shelby County, Tennessee with a population of 657,167. There are 249,775 households in the city with an average household size of 2.57 persons. 50.79% of households in Memphis are renters.

Income and Rent Overburden in Memphis

The median gross income for households in Memphis is $36,445 a year, or $3,037 a month. The median rent for the city is $828 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Memphis, a household making less than $2,760 a month would be considered overburdened when renting an apartment at or above the median rent. 54.31% of households who rent are overburdened in Memphis.1

Area Median Income In Memphis

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 Memphis, the AMI is calculated from all households within Shelby County.

In Memphis, HUD calculates the Area Median Income for a family of four as $65,900

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 Memphis

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 Memphis HUD Rental Assistance in Memphis

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,850 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,100 $26,400 $29,700 $32,950 $35,600 $38,250 $40,900 $43,500
80% of Median $36,900 $42,200 $47,450 $52,700 $56,950 $61,150 $65,350 $69,600