Blue Ridge Apts
110 Main St, Ridgely, TN 38080
Family · 2 2BR, 2 3BR
Managed by Maco Management Co INC
- Units
- 4
- Rental assistance
- 4
- Vacant
- 0
- Accessible
- 0
- Opened
- 1991
Tennessee
USDA rental housing in Lake County, TN
8 properties in Lake County have USDA Section 515 or 514 financing: 217 apartments across 2 towns. 208 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.
8properties
217apartments
208rental assistance units
13vacant 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 Listings come from USDA's public data and may be out of date.
Camelot Manor Apts
305 Dillard St, Ridgely, TN 38080
Elderly · 18 1BR, 7 2BR
Managed by Sherwood Management Company, INC
- Units
- 25
- Rental assistance
- 24
- Vacant
- 1
- Accessible
- 2
- Opened
- 1989
Reelfoot Village
496 Maze RD, Ridgely, TN 38080
Family · 4 1BR, 12 2BR, 4 3BR
Managed by Hallmark Management, INC
- Units
- 20
- Rental assistance
- 20
- Vacant
- 0
- Accessible
- 2
- Opened
- 1994
Sun Valley Apts C/o Maco Mgmt
498 Riley RD, Ridgely, TN 38080
Elderly · 20 1BR, 4 2BR
Managed by Maco Management Co INC
- Units
- 24
- Rental assistance
- 23
- Vacant
- 1
- Accessible
- 0
- Opened
- 1992
Colonial House Apts
1131 Vaughn Dr, Tiptonville, TN 38079
Elderly · 22 1BR, 6 2BR
Managed by Sherwood Management Company, INC
- Units
- 28
- Rental assistance
- 27
- Vacant
- 6
- Accessible
- 2
- Opened
- 1986
Lake Point Apts
1775 Vaughn Drive #28, Tiptonville, TN 38079
Elderly · 44 1BR, 4 2BR
Managed by Maco Management Co INC
- Units
- 48
- Rental assistance
- 47
- Vacant
- 1
- Accessible
- 0
- Opened
- 1993
Lake Ridge Apts
900 Vaughn Dr, Tiptonville, TN 38079
Family · 22 1BR, 22 2BR
Managed by Maco Management Co INC
- Units
- 44
- Rental assistance
- 42
- Vacant
- 2
- Accessible
- 3
- Opened
- 1994
Tiptonville Apts
524 Cherry St, Tiptonville, TN 38079
Family · 12 1BR, 12 2BR
Managed by Royal Property Mgmt
- Units
- 24
- Rental assistance
- 21
- Vacant
- 2
- Accessible
- 0
- Opened
- 1988
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. 6 also have housing tax credits. 4 serve elderly tenants. 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.
Every property in one file: 515/514 portfolio download (CSV and JSON).