Affordable Housing In Memphis
Shelby County, Tennessee

Affordable Housing programs support 9,679 income based apartments in Memphis where households pay rent based on how much they earn.

There are 12,610 affordable apartments in Memphis that offer reduced rents to low-income households.

Waiting Lists in Memphis, Tennessee

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

Serenity at Highland

400 S Highland St
Memphis, Tennessee
Income Based
Studio-1 BR
Rent Assisted

Luther Towers

274 South Highland Street
Memphis, Tennessee
Call For Rent
1 BR

Foote Park at South City

410 South Danny Thomas Blvd
Memphis, Tennessee
Call For Rent
1-3 BR

The Metropolitan

374 Mill Avenue
Memphis, Tennessee
Call For Rent
1-3 BR
Affordable

Saints Court Apartments

994 N. Watkins St.
Memphis, Tennessee
Call For Rent
1-2 BR
Rent Assisted

Summit Park Apartments

1770 Piping Rock Drive
Memphis, Tennessee
Call For Rent
1-4 BR
Affordable

Uptown Homes

534 North Second Street
Memphis, Tennessee
Call For Rent
2-5 BR

Crescent Bluff Apartments

10 E Virginia Ave
Memphis, Tennessee
Call For Rent
1-3 BR

College Park Family I

838 Walker Ave
Memphis, Tennessee
Income Based
1-4 BR
Affordable

Cleaborn Pointe at Heritage Landing Apartments

440 South Lauderdale
Memphis, Tennessee
Call For Rent
1-3 BR
Showing Results 21-30

Affordable Housing Near Memphis

View affordable apartments and waiting lists in cities near Memphis

City Apartments
Affordable Housing In Arlington, TN Affordable Housing programs support 2 apartment communities in Arlington.
Affordable Housing In Millington, TN Affordable Housing programs support 4 apartment communities in Millington.

Public Housing Agencies Serving Memphis, 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.

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 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 Memphis.

Memphis, Tennessee Affordable Housing Data

Income Based Apartments in Memphis, Tennessee

Memphis features 9,679 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 12,610 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 $929 and $1,135.

2023 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
Memphis, Tennessee Fair Market Rent $800 $902 $1,032 $1,365 $1,584
Memphis, 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.

Memphis, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 204
Total Low Income Apartments 23,413
Total Housing Units with Rental Assistance 9,679
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.

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 $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 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 HUD Rental Assistance in Memphis

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 Memphis 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 Memphis 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 Memphis 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