Low Income Apartments For Rent in Martin, TN

Rental assistance programs support 378 low-income homes in Martin 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 June 24th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Martin, 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.

Housing Authority	Programs
Martin Housing Authority	Public Housing
Tennessee Housing Development Agency	Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Mainstream Voucher; Homeownership

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

Martin, Tennessee Affordable Housing Data

Income Based Apartments in Martin, Tennessee

Martin features 378 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 Martin, Tennessee

There are 144 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Martin.

Housing Choice Vouchers in Martin, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Martin, Tennessee for a two-bedroom apartment is between $775 and $947.

2024 Martin, 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
Martin, Tennessee Fair Market Rent	$707	$728	$861	$1,041	$1,461
Martin, Tennessee Payment Standard Range	$636 to $778	$655 to $801	$775 to $947	$937 to $1,145	$1,315 to $1,607

Sourced from federal housing data and AffordableHousingOnline.com research.

Martin, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 9

Total Low Income Apartments 524

Total Housing Units with Rental Assistance 378

Percentage of Housing Units Occupied By Renters 54.29%

Average Renter Household Size 1.96

Average Household Size 2.18

Median Household Income $31,126 ±$2,607

Median Rent $570 ±$37

Percentage Of Renters Overburdened 55.52% ± 8.33pp

Total Population 11,199

Total Affordable Apartment Properties	9
Total Low Income Apartments	524
Total Housing Units with Rental Assistance	378
Percentage of Housing Units Occupied By Renters	54.29%
Average Renter Household Size	1.96
Average Household Size	2.18
Median Household Income	$31,126 ±$2,607
Median Rent	$570 ±$37
Percentage Of Renters Overburdened	55.52% ± 8.33pp
Total Population	11,199

Population and Household Demographics

Martin is a city in Weakley County, Tennessee with a population of 11,199. There are 4,071 households in the city with an average household size of 2.18 persons. 54.29% of households in Martin are renters.

Income and Rent Overburden in Martin

The median gross income for households in Martin is $31,126 a year, or $2,594 a month. The median rent for the city is $570 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Martin, a household making less than $1,900 a month would be considered overburdened when renting an apartment at or above the median rent. 55.52% of households who rent are overburdened in Martin.

Area Median Income In Martin

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 Martin, the AMI is calculated from all households within Weakley County.

In Martin, HUD calculates the Area Median Income for a family of four as $66,600

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 Martin

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 Martin

	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 Martin AMI may qualify for rental assistance programs that target Extremely Low Income households.	$14,580	$19,720	$24,860	$30,000	$35,140	$38,750	$41,450	$44,100
50% AMI Income Limits Renters earning up to 50% of the Martin AMI may qualify for rental assistance programs that target Very Low Income households.	$23,400	$26,750	$30,100	$33,400	$36,100	$38,750	$41,450	$44,100
80% AMI Income Limits Renters earning up to 80% of the Martin AMI may qualify for rental assistance programs that target Low Income households.	$37,400	$42,750	$48,100	$53,400	$57,700	$61,950	$66,250	$70,500