Newport Terrace Apartments

Overview

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Newport Terrace Apartments in Newport, Tennessee, offers a welcoming community for residents seeking affordable housing. This complex is designed to provide comfortable living spaces with necessary amenities and a convenient location. Whether you’re looking for a one, two, or three-bedroom apartment, Newport Terrace Apartments caters to different family sizes and needs.

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Residents can enjoy a peaceful environment while being close to local attractions and essential services in Newport. The apartments are well-maintained, ensuring a pleasant living experience. The friendly management team is always ready to assist residents with their needs, creating a supportive community atmosphere.

Newport Terrace Apartments provides Section 8 PBRA rental housing assistance, making it an excellent option for those who qualify. The affordable rates and quality living conditions make it a popular choice among low-income families and individuals.

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Amenities and Features

Section 8 PBRA rental housing assistance
Various floor plans (1, 2, and 3 bedrooms)
Well-maintained grounds
Friendly management team
Convenient location

Newport Terrace Apartments Location

Address: 425 Terrace Way, Newport, TN 37821

Phone: 423-623-8949

Nearby Senior Apartments Facilities in Newport

Blue Ridge Apartments, Ltd.

More Senior Apartments Listings in Newport, TN

About Newport, Tennessee

Newport, a city located in the state of Tennessee (TN), is home to a population of approximately 6,850 people. Newport boasts a median age of 40, with around 24.9% of its residents aged 60 or above. 8.4% of the population identifies as US Veterans. 25.7% of Newport residents are disabled. The city has an average household income of $35,784, while the unemployment rate stands at 6.1%, and around 28.2% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Newport is $124,443, with a monthly rent averaging $750.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.