Affordable Housing In Shelby County
Tennessee

202 Low Income Apartment Communities In Shelby County

The Registry at Wolfchase Apartments

1810 West Wolfchase Circle
Memphis, TN
Call For Rent
1-3 BR

Greenlaw Apartments

148 Mill Avenue #102
Memphis, TN
Call For Rent
1-3 BR

Todd Creek Apartments

1541 Northside Drive
Memphis, TN
Call For Rent
1-4 BR
Subsidized

Harmony Woods Apartments

3384 Harmony Ct
Memphis, TN
HCV Welcome

South Main Artspace Loft

138 St. Paul Avenue
Memphis, TN
HCV Welcome

Lyons Ridge Apartments

1633 Pennsylvania St
Memphis, TN
Call For Rent
1-2 BR

St Peter Manor

108 N Auburndale St
Memphis, TN
62+
Accessible
Elderly Supportive Housing
HCV Welcome
Subsidized

Montgomery Plaza

1395 Pennsylvania St
Memphis, TN
Call For Rent
1 BR

John Madison Exum Towers

3155 Sharpe Ave.
Memphis, TN
62+
Accessible
Elderly Supportive Housing
HCV Welcome
Subsidized

Crockett Place

2645 Davey Dr
Memphis, TN

There are 202 low income housing apartment complexes which contain 22,724 affordable apartments for rent in Shelby County. Many of these rental apartments are income based housing with 9,528 apartments that set rent based on your income. In Shelby County, HUD housing programs support 5,469 rental assistance apartments through programs like Project-based Section 8. There are 12,784 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Shelby County

Housing Authority Programs
Shelby County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV)
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

Other Housing Authorities located in Shelby County

Housing Authority Programs
Memphis Housing Authority Section 8 Housing Choice Voucher (HCV); 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 202
Total Low Income Apartments 22,724
Total Rent Assisted Apartments 9,528
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 $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 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 $13,850 $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
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
50% of Median $23,100 $26,400 $29,700 $32,950 $35,600 $38,250 $40,900 $43,500
60% of Median $27,720 $31,680 $35,640 $39,540 $42,720 $45,900 $49,080 $52,200

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 $35,640 a year, or $2,970 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,970 by 30% to get a maximum rent of $891 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% $578 $619 $743 $857 $956 $1,055
60% $693 $743 $891 $1,028 $1,148 $1,266
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 196 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.