Low Income Apartments and Affordable Housing For Rent in Tipton County, TN

Discover affordable housing in Tipton County where there are 16+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Glendale Commons

351 Mueller Brass Rd, Covington, Tennessee 38019

Fox Hollow Community

100 Fox Hollow Run, Covington, Tennessee 38019

Surrywood Apartments I & II

74 Birchwood Drive, Munford, Tennessee 38058

Mason Manor Apartments

50 Mason Manor Ln, Mason, Tennessee 38049

Broadmeadow Place Apartments

150 Peeler Rd, Covington, Tennessee 38019

Eaglewood VIII Apartments

50 Eaglewood Cove, Covington, Tennessee 38019

Canterbury Apartments

100 Canterbury Cir, Covington, Tennessee 38019

Sunrise

1150 Simonton St, Covington, Tennessee 38019

Cottonwood Estates

1981 Cottonwood Way, Covington, Tennessee 38019

Cottonwood Apartments

1981 Cottonwood Pl, Covington, Tennessee 38019

Tiptonville Village

149 Jamie Lynn Cv, Covington, Tennessee 38019

Meadowview Elderly Apartments

1000 Meadowview Cv, Covington, Tennessee 38019

Thomas Donaldson

453 Liberty Church, Brighton, Tennessee

Mcdow, Thomas W.

2445 Hwy 54e, Covington, Tennessee

Surreywood Apartments

Munford Atoka Rd, Munford, Tennessee 38058

Percy Brown Homes

71 E Kenwood Ave, Brighton, Tennessee 38019

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Tipton County, Tennessee
$24.58/hour
$17.33 (+239%) more than Tennessee minimum wage and $17.33 (+239%) more than the Federal minimum wage.
Learn More About Tipton County, Tennessee Affordable Housing ↓

What HUD offices serve Tipton County, 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.

Operates the Section 8 Housing Choice Voucher (HCV), Family Self-Sufficiency, Mainstream Voucher, Homeownership programs for Tipton County, Tennessee.

Go to the Tennessee Public Housing and Low-Income Apartments Waiting Lists page for openings near Tipton County.

How many renters live in Tipton County, Tennessee?

The County of Tipton County has 61,116 people living in 22,366 households.

There are 14,669 renters living in 5,405 renter households in this County. Renters make up 24 percent of the population living in Tipton County.

What is the rental market like in Tipton County, Tennessee?

There are an estimated 24,045 housing units in the Tipton County area. Of these, 5,919 units are rental homes, making up 25 percent of the housing market. For every renter household in Tipton County, Tennessee, there are 1 rental units.

What is the vacancy rate for rentals in Tipton County?

The rental vacancy rate in Tipton County is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Tipton County for each bedroom size?

Occupied Rental Units by Size in Tipton County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
107 288 1,721 2,647 558
Occupied Rental Units by Size in Tipton County

A large number of apartments in Tipton County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Tipton County are overburdened by housing costs?

Among renter households in this market, 35 percent have housing cost burden. Further, 15 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Tipton County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,031 to $1,995. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,031
One BR $1,146
Two BR $1,298
Three BR $1,711
Four BR $1,995
2024 Fair Market Rents in Tipton County, Tennessee

How many units are rented at Fair Market Rent (FMR) in Tipton County?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 80 75 percent
One BR 236 82 percent
Two BR 1,257 73 percent
Rental Units Below FMR in Tipton County, Tennessee

How many affordable rental units are in Tipton County?

There are a variety of federal affordable housing programs serving households in Tipton County, Tennessee including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 320
Public Housing 246
Section 8 Project-Based Rental Assistance 230
Section 202 Supportive Housing for the Elderly 43
USDA Section 515 Rural Rental Housing 292
Tracked Units by Federal Program in Tipton County, Tennessee

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Tipton County, Tennessee

Tipton County features 721 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 Tipton County, Tennessee

There are 244 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tipton County.

Housing Choice Vouchers in Tipton County, Tennessee

On average, Section 8 Housing Choice vouchers pay Tipton County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Tipton County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Tipton County, Tennessee for a two-bedroom apartment is between $1,168 and $1,428.

Sourced from federal housing data and AffordableHousingOnline.com research.