; Low Income Apartments For Rent in Stevenson, AL

Apply to Stevenson Apartment Waiting Lists

Shadowood Apartments

256 Old Mt Carmel Rd
Stevenson, Alabama
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA

Greenbriar Apartments

1130 Old Mount Carmel Rd
Stevenson, Alabama
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA

Skyview Apartments

706 Broad St
Stevenson, Alabama
Subsidized
Rent Assisted
Senior
Supportive
S515
RDRA

Avery Site

401 E 7th St
Stevenson, Alabama
Subsidized
Public Housing
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There are 0 low-income apartments in Stevenson that offer reduced rents to eligible households.

Rental assistance programs support 162 low-income homes in Stevenson where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on January 2nd, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Stevenson, Alabama

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.

Housing Authority Programs
Stevenson Housing Authority Public Housing
Go to the Alabama Public Housing and Low-Income Apartments Waiting Lists page for openings near Stevenson.

Stevenson, Alabama Affordable Housing Data

Income Based Apartments in Stevenson, Alabama

Stevenson features 162 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 Stevenson, Alabama

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stevenson.

Housing Choice Vouchers in Stevenson, Alabama

On average, Section 8 Housing Choice vouchers pay Stevenson landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Stevenson.

The maximum amount a voucher would pay on behalf of a low-income tenant in Stevenson, Alabama for a two-bedroom apartment is between $771 and $943.

2024 Stevenson, Alabama 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
Stevenson, Alabama Fair Market Rent $642 $748 $857 $1,051 $1,406
Stevenson, Alabama Payment Standard Range $578 to $706 $673 to $823 $771 to $943 $946 to $1,156 $1,265 to $1,547

Sourced from federal housing data and AffordableHousingOnline.com research.

Stevenson, AL Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 162
Total Housing Units with Rental Assistance 162
Percentage of Housing Units Occupied By Renters 39.11%
Average Renter Household Size 2.70
Average Household Size 2.70
Median Household Income $38,053 ±$5,793
Median Rent $503 ±$209
Percentage Of Renters Overburdened 21.38% ± 12.25pp
Total Population 2,194

Population and Household Demographics

Stevenson is a city in Jackson County, Alabama with a population of 2,194. There are 813 households in the city with an average household size of 2.70 persons. 39.11% of households in Stevenson are renters.

Income and Rent Overburden in Stevenson

The median gross income for households in Stevenson is $38,053 a year, or $3,171 a month. The median rent for the city is $503 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Stevenson, a household making less than $1,677 a month would be considered overburdened when renting an apartment at or above the median rent. 21.38% of households who rent are overburdened in Stevenson.

Area Median Income In Stevenson

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Stevenson, the AMI is calculated from all households within Jackson County.

In Stevenson, HUD calculates the Area Median Income for a family of four as $62,500

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 Stevenson

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 Stevenson

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Stevenson AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $35,140 $37,850 $40,450 $43,050
50% AMI Income Limits
Renters earning up to 50% of the Stevenson AMI may qualify for rental assistance programs that target Very Low Income households.
$22,850 $26,100 $29,350 $32,600 $35,250 $37,850 $40,450 $43,050
80% AMI Income Limits
Renters earning up to 80% of the Stevenson AMI may qualify for rental assistance programs that target Low Income households.
$36,550 $41,750 $46,950 $52,150 $56,350 $60,500 $64,700 $68,850