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Affordable Housing In Monroe County
Tennessee

13 Low Income Apartment Communities In Monroe County

Charter Village Apartments

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

Cumberland View Towers

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

Island Grove

Willow Creek Drive
Madisonville, Tennessee
Accepts Vouchers

Crestview Apartments

128 Van St
Madisonville, Tennessee
Subsidized

Raintree Apartments

330 Bank St
Tellico Plains, Tennessee
Accepts Vouchers

Laurel Place Apartments

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

Ridgeway Apartments

255 Ball Play Rd
Madisonville, Tennessee
Accepts Vouchers

Pedigo II Apartments

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

Pedigo I Apartments

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

Plainsview Apartments

146 Plainsview Dr
Tellico Plains, Tennessee

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

Guide To Affordable Housing in Monroe County, Tennessee

There are 13 low income housing apartment communities offering 773 affordable apartments for rent in Monroe County, Tennessee.

Income Based Apartments in Monroe County, Tennessee

Monroe County features 503 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 Monroe County, Tennessee

There are 270 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Monroe County.

Housing Choice Vouchers in Monroe County, Tennessee

On average, Section 8 Housing Choice vouchers pay Monroe County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Monroe County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Monroe County, Tennessee for a two-bedroom apartment is between $584 and $714.

2020 Monroe County, 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 $423 $565 $649 $936 $977
Payment Standard Range $381 to $465 $509 to $622 $584 to $714 $842 to $1,030 $879 to $1,075

Sourced from federal housing data and AffordableHousingOnline.com research.

Monroe County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 773
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.

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 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

Cities In Monroe County

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

City Served By
Madisonville 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.
Tellico Plains 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.
Vonore 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.