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Affordable apartments in Rainbow City, Alabama

3 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

3 lihtc

Buildings

MEADOW OAKS APTS

LIHTC
3010 JONES ST, RAINBOW CITY, AL, 35906
Income-restricted units
56 of 56
Year placed in service
2001
Bedroom mix
30 2BR · 20 3BR · 6 4+BR

Estimated total housing cost: $1,110 rent + $185 utilities = $1,295/mo

Contact property management for current availability. Waitlists may apply.

RAINBOW APTS

LIHTC
120 DORIS ST, RAINBOW CITY, AL, 35906
Income-restricted units
52 of 52
Year placed in service
1993
Bedroom mix
28 1BR · 20 2BR · 4 3BR

Estimated total housing cost: $1,110 rent + $185 utilities = $1,295/mo

Contact property management for current availability. Waitlists may apply.

GREYSTONE

LIHTC
2950 JONES ST, RAINBOW CITY, AL, 35906
Income-restricted units
36 of 36
Year placed in service
2006
Bedroom mix
4 1BR · 20 2BR · 12 3BR

Estimated total housing cost: $1,110 rent + $185 utilities = $1,295/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Alabama

Residential electricity in Alabama runs about 16.27¢/kWh, with a typical monthly residential electric bill near $185. Natural gas runs about $20.81/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for 35906

Zip-level (SAFMR)
BedroomsLocal FMRNational median
Studio$810n/a
1 bedroom$950n/a
2 bedroom$1,110$1,502
3 bedroom$1,350n/a
4 bedroom$1,560n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: hud_safmr.

HUD income limits : Etowah County, AL

Gadsden, AL. FY2025. Area median income: $70,600.

Household size30% AMI50% AMI80% AMI
1 person$15,650$25,450$40,700
2 people$21,150$29,050$46,500
3 people$26,650$32,700$52,300
4 people$32,150$36,300$58,100
5 people$37,650$39,250$62,750
6 people$42,150$42,150$67,400
7 people$45,050$45,050$72,050
8 people$47,950$47,950$76,700

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Alabama cities

See all affordable-rental cities in Alabama

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Rainbow City cost-of-living and Fair Market Rent overview