Affordable Housing In Monroe County
Tennessee

14 Low Income Apartment Communities In Monroe County

Charter Village Apartments

333 Rio Vista Dr
Madisonville, TN
Call For Rent
1-3 BR
Subsidized

Cumberland View Towers

1201 Cheyenne Blvd
Madisonville, TN
Income Based
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing
Accepts Vouchers

Island Grove

Willow Creek Drive
Madisonville, TN
Accepts Vouchers

Hampton Terrace

300 E Webster St
Madisonville, TN
Accepts Vouchers

Crestview Apartments

128 Van St
Madisonville, TN
Subsidized

Raintree Apartments

330 Bank St
Tellico Plains, TN
Accepts Vouchers

Laurel Place Apartments

121 Helms Drive
Madisonville, TN
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Ridgeway Apartments

255 Ball Play Rd
Madisonville, TN
Accepts Vouchers

Pedigo II Apartments

301 Willow Creek Dr
Madisonville, TN
Subsidized
62+
Accessible
Elderly Supportive Housing

Pedigo I Apartments

316 Willow Creek Dr
Madisonville, TN
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Housing Authorities that serve Monroe County

Housing Authority Programs
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV); Mainstream Voucher
Tennessee Housing Development Agency East Tennessee Office Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency

Other Housing Authorities located in Monroe County

Housing Authority Programs
Sweetwater Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Monroe County, Tennessee

There are 14 low income housing apartment communities offering 1,047 affordable apartments for rent in Monroe County, Tennessee. Monroe County features 503 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 544 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Monroe County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Monroe County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 1,047
Total Housing Units with Rental Assistance 503
Percentage of Housing Units Occupied By Renters 24.5%
Average Renter Household Size 2.62
Average Household Size 2.60
Median Household Income $35,291 ±$2,687
Median Rent $596 ±$40
Percentage Of Renters Overburdened 45.05% ± 7.38pp
Total Population 45,293

Population and Household Demographics

Monroe County is a County in Tennessee with a population of 45,293. There are 17,193 households in the county with an average household size of 2.60 persons. 24.5% of households in Monroe County are renters.

Income and Rent Overburden in Monroe County

The median gross income for households in Monroe County is $35,291 a year, or $2,941 a month. The median rent for the county is $596 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Monroe County, a household making less than $1,987 a month would be considered overburdened when renting an apartment at or above the median rent. 45.05% of households who rent are overburdened in Monroe County.1

Area Median Income In Monroe County

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.

In Monroe County, HUD calculates the Area Median Income for a family of four as $46,000

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 Monroe County

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 Monroe County HUD Rental Assistance in Monroe County

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
Fair Market Rents in Monroe County

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$423 $565 $649 $936 $977

Cities In Monroe County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Tellico Plains 2 The HUD funded Public Housing Agencies that serve Tellico Plains are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.
Madisonville 13 The HUD funded Public Housing Agencies that serve Madisonville are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.
Vonore 1 The HUD funded Public Housing Agencies that serve Vonore are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency East Tennessee Office.