; Low Income Apartments For Rent in Van Buren County, TN

Greenbriar Apartments

421 Drake and Shockley St
Spencer, Tennessee
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA
Call For Rent
2 BR

Highland Village

100 Highland Village Dr
Spencer, Tennessee
Rent Assisted
Senior
Supportive
S515
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There are 25 low-income apartments in Van Buren County that offer reduced rents to eligible households.

Rental assistance programs support 32 low-income homes in Van Buren County where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on November 17th, 2021. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Van Buren 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.

Housing Authority Programs
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 Van Buren County.

Van Buren County, Tennessee Affordable Housing Data

Income Based Apartments in Van Buren County, Tennessee

Van Buren County features 32 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 Van Buren County, Tennessee

There are 25 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Van Buren County.

Housing Choice Vouchers in Van Buren County, Tennessee

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

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

2024 Van Buren County, 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
Van Buren County, Tennessee Fair Market Rent $680 $684 $861 $1,163 $1,209
Van Buren County, Tennessee Payment Standard Range $612 to $748 $616 to $752 $775 to $947 $1,047 to $1,279 $1,088 to $1,330

Sourced from federal housing data and AffordableHousingOnline.com research.

Van Buren County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 57
Total Housing Units with Rental Assistance 32
Percentage of Housing Units Occupied By Renters 14.06%
Average Renter Household Size 2.68
Average Household Size 2.61
Median Household Income $40,439 ±$3,569
Median Rent $506 ±$96
Percentage Of Renters Overburdened 30.07% ± 12.67pp
Total Population 5,596

Population and Household Demographics

Van Buren County is a county in Tennessee with a population of 5,596. There are 2,106 households in the county with an average household size of 2.61 persons. 14.06% of households in Van Buren County are renters.

Income and Rent Overburden in Van Buren County

The median gross income for households in Van Buren County is $40,439 a year, or $3,370 a month. The median rent for the county is $506 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Van Buren County, a household making less than $1,687 a month would be considered overburdened when renting an apartment at or above the median rent. 30.07% of households who rent are overburdened in Van Buren County.

Area Median Income In Van Buren 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 Van Buren County, HUD calculates the Area Median Income for a family of four as $69,200

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 Van Buren 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 HUD Rental Assistance in Van Buren County

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 Van Buren County 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 Van Buren County 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 Van Buren County 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