Low Income Apartments In Shelby County
Tennessee

Low Income Apartments In Shelby County

Memphis Towers

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

Uptown Square Apartments

252 North Lauderdale Street
Memphis, TN
$715-925
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
62+
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

Bethel Towers

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

C. E. Ware Towers

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

Hilldale Apartments

3500 Westline Dr.
Memphis, TN
1-3 BR
HCV Welcome

Independent Apartments

875 Linden Ave.
Memphis, TN
1-2 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

There are 215 low income housing apartment complexes which contain 24,176 affordable apartments for rent in Shelby County, Tennessee. Many of these rental apartments are income based housing with about 10,640 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 5,513 Project-Based Section 8 subsidized apartments in Shelby County. There are 13,124 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Shelby County

Housing Authority Programs
Shelby County Housing Authority Section 8 Housing Choice Voucher; Public Housing
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher
Tennessee Housing Development Agency West Tennessee Office Section 8 Housing Choice Voucher; Homeownership Voucher; Family Self-sufficiency; Veteran Affairs Supportive Housing; Mainstream Voucher

Other Housing Authorities located in Shelby County

Housing Authority Programs
Memphis Housing Authority Section 8 Housing Choice Voucher; Public Housing
Millington Housing Authority Public Housing

Guide To Affordable Housing in Shelby County, Tennessee

Shelby County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 215
Total Low Income Apartments 24,176
Total Rent Assisted Apartments 10,640
Percentage of Housing Units Occupied By Renters 42.68%
Average Renter Household Size 2.62
Total Population 937,750
Housing Units 347,224
Average Household Size 2.65
Median Household Income $46,224 ±$707
Median Rent $859 ±$6
Percentage Of Renters Overburdened 52.24% ± 1.15pp

Population and Household Demographics

Shelby County is a County in Tennessee with a population of 937,750. There are 347,224 households in the county with an average household size of 2.65 persons. 42.68% of households in Shelby County are renters.

Income and Rent Overburden in Shelby County

The median gross income for households in Shelby County is $46,224 a year, or $3,852 a month. The median rent for the county is $859 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Shelby County, a household making less than $2,863 a month would be considered overburdened when renting an apartment at or above the median rent. 52.24% of households who rent are overburdened in Shelby County.1

Area Median Income In Shelby 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 Shelby County, HUD calculates the Area Median Income for a family of four as $64,200

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 Shelby 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 Shelby County HUD Rental Assistance in Shelby County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,500 $16,460 $20,780 $25,100 $29,420 $33,740 $38,060 $42,380
50% of Median $22,500 $25,700 $28,900 $32,100 $34,700 $37,250 $39,850 $42,400
80% of Median $35,950 $41,100 $46,250 $51,350 $55,500 $59,600 $63,700 $67,800
Low Income Housing Tax Credits in Shelby County

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

From 1987 to 2012, 148 low income apartment communities containing 16,959 rental apartments have been constructed and made affordable to low income persons in Shelby County 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 Shelby County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $27,000 $30,840 $34,680 $38,520 $41,640 $44,700 $47,820 $50,880

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 Shelby County is $34,680 a year, or $2,890 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,890 by 30% to get a maximum rent of $867 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% $563 $603 $723 $835 $931 $1,028
60% $675 $723 $867 $1,002 $1,118 $1,234
Fair Market Rents in Shelby 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$658 $742 $875 $1,194 $1,372

Cities In Shelby County

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

City Listings Served By
Memphis 209 The HUD funded Public Housing Agencies that serve Memphis are the Memphis Housing Authority, Shelby County Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Millington 3 The HUD funded Public Housing Agencies that serve Millington are the Millington Housing Authority, Shelby County Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Arlington 2 The HUD funded Public Housing Agencies that serve Arlington are the Shelby County Housing Authority, Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Bartlett 0 The HUD funded Public Housing Agencies that serve Bartlett are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Germantown 0 The HUD funded Public Housing Agencies that serve Germantown are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.
Lakeland 0 The HUD funded Public Housing Agencies that serve Lakeland are the Tennessee Housing Development Agency Central Office and Tennessee Housing Development Agency West Tennessee Office.