Alabama

USDA rental housing in Franklin County, AL

8 properties in Franklin County have USDA Section 515 or 514 financing: 214 apartments across 3 towns. 164 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.

8properties
214apartments
164rental assistance units
32vacant units reported

Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.

Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.

Campbell Arms

76 Campbell Arms Cir, Phil Campbell, AL 35581

Family · 8 1BR, 16 2BR

Managed by Irby Management Company

Units
24
Rental assistance
16
Vacant
1
Accessible
0
Opened
1985

Campbell Arms II

76 Campbell Arms Cir, Phil Campbell, AL 35581

Family · 16 2BR

Managed by Irby Management Company

Units
16
Rental assistance
10
Vacant
0
Accessible
0
Opened
1989

Redmont Apts I

112 Hospital RD, Red Bay, AL 35582

Family · 8 1BR, 16 2BR

Managed by Irby Management Company

Units
24
Rental assistance
5
Vacant
3
Accessible
0
Opened
1983

Redmont II Apts

112 Hospital RD, Red Bay, AL 35582

Family · 8 1BR, 16 2BR

Managed by Irby Management Company

Units
24
Rental assistance
23
Vacant
2
Accessible
0
Opened
1991

Fox Ridge Apts I

100 Fox Ridge Plaza, Russellville, AL 35654

Family · 24 2BR

Managed by Irby Management Company

Units
24
Rental assistance
23
Vacant
1
Accessible
0
Opened
1991

Fox Ridge Apts II

200 Foxridge Plaza, Russellville, AL 35654

Family · 24 2BR

Managed by Irby Management Company

Units
24
Rental assistance
11
Vacant
0
Accessible
0
Opened
1993

Ridgecrest Estates

1018 Washington Ave NW, Russellville, AL 35653

Family · 16 1BR, 24 2BR

Managed by J & A Mgmt

Units
40
Rental assistance
39
Vacant
25
Accessible
0
Opened
1985

Russell Devilla Apts

100 Russell De Villa Plaza, Russellville, AL 35653

Family · 8 1BR, 30 2BR

Managed by Dalcor Management Company

Units
38
Rental assistance
37
Vacant
0
Accessible
0
Opened
1981

Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.

Who can rent here

USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.

For owners and buyers

All 8 are limited-profit. 4 also have housing tax credits. USDA's file shows use restrictions on 1 property here ending by 2031. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.

Watch a property for maturity or prepayment

Pick a Franklin County property. We'll email when USDA's monthly file shows its use-restriction date, rental assistance, unit count or ownership type change, or when it drops out of the active portfolio, which is what happens when the loan is prepaid or paid off.

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Every property in one file: 515/514 portfolio download (CSV and JSON).